ELIL vs. SOXS

Last updated Jun 24, 2026

ELIL (Direxion Daily LLY Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - ELIL is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). ELIL is actively managed, while SOXS is passively managed. Over the past year, ELIL returned 64.11% vs -97.76% for SOXS. At a correlation of -0.16, they often move in opposite directions. ELIL charges 0.97%/yr vs 1.08%/yr for SOXS.

Performance

ELIL vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bull 2X Shares (ELIL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELIL achieves a -4.97% return, which is significantly higher than SOXS's -93.50% return.

ELIL

• 1D: 0.52%
• 1M: 6.34%
• YTD: -4.97%
• 6M: -4.26%
• 1Y: 64.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXS

• 1D: 22.42%
• 1M: -47.74%
• YTD: -93.50%
• 6M: -93.24%
• 1Y: -97.76%
• 3Y*: -87.41%
• 5Y*: -80.25%
• 10Y*: -79.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELIL vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025
ELIL Direxion Daily LLY Bull 2X Shares	-4.97%	36.32%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-93.50%	-85.90%

Correlation

The correlation between ELIL and SOXS is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	-0.16

Return for Risk

ELIL vs. SOXS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELIL

ELIL Risk / Return Rank: 29
ELIL Sharpe Ratio Rank: 25
ELIL Sortino Ratio Rank: 31
ELIL Omega Ratio Rank: 33
ELIL Calmar Ratio Rank: 30
ELIL Martin Ratio Rank: 25

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELIL vs. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bull 2X Shares (ELIL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ELIL	SOXS	Difference
Sharpe ratio: Return per unit of total volatility	0.86	-0.83	+1.69
Sortino ratio: Return per unit of downside risk	1.56	-3.41	+4.96
Omega ratio: Gain probability vs. loss probability	1.21	0.63	+0.58
Calmar ratio: Return relative to maximum drawdown	1.39	-1.00	+2.39
Martin ratio: Return relative to average drawdown	3.12	-1.51	+4.63

ELIL vs. SOXS - Sharpe Ratio Comparison

The current ELIL Sharpe Ratio is 0.86, which is higher than the SOXS Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of ELIL and SOXS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ELIL vs. SOXS - Drawdown Comparison

The maximum ELIL drawdown since its inception was -56.03%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ELIL and SOXS.

Drawdown Indicators

	ELIL	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-100.00%	+43.97%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	-97.94%	+51.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-99.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-12.11%	-100.00%	+87.89%
Average Drawdown Average peak-to-trough decline	-23.60%	-92.61%	+69.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.63%	67.48%	-46.85%

Volatility

ELIL vs. SOXS - Volatility Comparison

The current volatility for Direxion Daily LLY Bull 2X Shares (ELIL) is 16.31%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. This indicates that ELIL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELIL	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.31%	66.67%	-50.36%
Volatility (6M) Calculated over the trailing 6-month period	53.02%	100.39%	-47.37%
Volatility (1Y) Calculated over the trailing 1-year period	75.11%	117.32%	-42.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.98%	111.39%	-29.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.98%	102.09%	-20.11%

ELIL vs. SOXS - Expense Ratio Comparison

ELIL has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

ELIL vs. SOXS - Dividend Comparison

ELIL's dividend yield for the trailing twelve months is around 11.72%, less than SOXS's 83.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ELIL Direxion Daily LLY Bull 2X Shares	11.72%	10.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	83.05%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both ELIL and SOXS in my portfolio?

ELIL and SOXS have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELIL or SOXS?

SOXS has higher volatility (66.67%) compared to ELIL (16.31%). In terms of maximum drawdown, ELIL dropped -56.03% vs SOXS's -100.00%.

Which ETF is better, ELIL or SOXS?

On 1-year performance, ELIL leads with 64.11% vs -97.76% for SOXS. On fees, ELIL is cheaper at 0.97% per year. On volatility, ELIL has been the lower-risk option at 16.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELIL or SOXS?

Over the 1-year period, ELIL has performed better with a 64.11% return vs -97.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELIL or SOXS?

ELIL is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.

Which ETF pays a higher dividend yield, ELIL or SOXS?

SOXS has the higher dividend yield at 83.05%, compared with 11.72% for ELIL.

What is the main difference between ELIL and SOXS?

ELIL is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 0.97% for ELIL and 1.08% for SOXS.

Which has better risk-adjusted returns?

ELIL currently has the higher Sharpe Ratio (0.86 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.