ELIL vs. SOXS
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 80.38% vs -96.46% for SOXS. Their -0.10 correlation means they have often moved in opposite directions in the past. ELIL charges 0.97%/yr vs 1.08%/yr for SOXS.
Performance
ELIL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, ELIL achieves a 0.09% return, which is significantly higher than SOXS's -91.17% return.
ELIL
- 1D
- -1.38%
- 1M
- -11.08%
- 6M
- 9.24%
- YTD
- 0.09%
- 1Y
- 80.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.95%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.55M | $2.84M | $2.93M | |
| $3.72B | $3.43B | $3.32B |
ELIL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ELIL Direxion Daily LLY Bull 2X Shares | 0.09% | 36.32% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.90% |
Correlation
The correlation between ELIL and SOXS is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | -0.10 |
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Return for Risk
ELIL vs. SOXS — Risk / Return Rank
ELIL
SOXS
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 ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.74 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.98 | +2.96 |
| Martin ratioReturn relative to average drawdown | 4.74 | -1.35 | +6.09 |
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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.
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Drawdown Indicators
| ELIL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.03% | -100.00% | +43.97% |
Max Drawdown (1Y)Largest decline over 1 year | -46.28% | -97.89% | +51.61% |
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 DrawdownCurrent decline from peak | -14.46% | -100.00% | +85.54% |
Average DrawdownAverage peak-to-trough decline | -22.30% | -92.65% | +70.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 71.27% | -52.02% |
Volatility
ELIL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily LLY Bull 2X Shares (ELIL) is 17.72%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. 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.
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Volatility by Period
| ELIL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.72% | 55.41% | -37.69% |
Volatility (6M)Calculated over the trailing 6-month period | 54.55% | 117.32% | -62.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.19% | 132.87% | -56.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.08% | 114.55% | -33.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.08% | 103.76% | -22.68% |
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 11.27%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ELIL Direxion Daily LLY Bull 2X Shares | 11.27% | 10.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
ELIL and SOXS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to ELIL (17.72%). In terms of maximum drawdown, ELIL dropped -56.03% vs SOXS's -100.00%.
On 1-year performance, ELIL leads with 80.38% vs -96.46% for SOXS. On fees, ELIL is cheaper at 0.97% per year. On volatility, ELIL has been the lower-risk option at 17.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ELIL has performed better with a 80.38% return vs -96.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ELIL is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 11.27% for ELIL.
ELIL is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 0.97% for ELIL and 1.08% for SOXS.
ELIL currently has the higher Sharpe Ratio (1.20 vs -0.73), 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.
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