ELIS vs. SOXS
Compare and contrast key facts about Direxion Daily LLY Bear 1X Shares (ELIS) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
ELIS and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ELIS is an actively managed fund by Direxion. It was launched on Mar 25, 2025. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010.
Performance
ELIS vs. SOXS - Performance Comparison
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ELIS vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ELIS Direxion Daily LLY Bear 1X Shares | 13.99% | -29.46% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -41.64% | -87.03% |
Returns By Period
In the year-to-date period, ELIS achieves a 13.99% return, which is significantly higher than SOXS's -41.64% return.
ELIS
- 1D
- -3.68%
- 1M
- 10.56%
- YTD
- 13.99%
- 6M
- -12.41%
- 1Y
- -21.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -9.03%
- 1M
- 2.04%
- YTD
- -41.64%
- 6M
- -62.23%
- 1Y
- -93.50%
- 3Y*
- -76.69%
- 5Y*
- -70.08%
- 10Y*
- -74.65%
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ELIS vs. SOXS - Expense Ratio Comparison
ELIS has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Return for Risk
ELIS vs. SOXS — Risk / Return Rank
ELIS
SOXS
ELIS vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bear 1X Shares (ELIS) 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.
| ELIS | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.47 | -0.78 | +0.31 |
Sortino ratioReturn per unit of downside risk | -0.44 | -2.06 | +1.62 |
Omega ratioGain probability vs. loss probability | 0.94 | 0.74 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.97 | +0.52 |
Martin ratioReturn relative to average drawdown | -0.73 | -1.09 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELIS | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | -0.78 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | -0.76 | +0.30 |
Correlation
The correlation between ELIS and SOXS is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ELIS vs. SOXS - Dividend Comparison
ELIS's dividend yield for the trailing twelve months is around 5.14%, less than SOXS's 9.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ELIS Direxion Daily LLY Bear 1X Shares | 5.14% | 5.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 9.25% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Drawdowns
ELIS vs. SOXS - Drawdown Comparison
The maximum ELIS drawdown since its inception was -44.95%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ELIS and SOXS.
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Drawdown Indicators
| ELIS | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.95% | -100.00% | +55.05% |
Max Drawdown (1Y)Largest decline over 1 year | -44.95% | -96.52% | +51.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -34.44% | -100.00% | +65.56% |
Average DrawdownAverage peak-to-trough decline | -23.72% | -92.53% | +68.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 85.61% | -57.73% |
Volatility
ELIS vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily LLY Bear 1X Shares (ELIS) is 8.70%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 39.00%. This indicates that ELIS 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
| ELIS | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 39.00% | -30.30% |
Volatility (6M)Calculated over the trailing 6-month period | 26.79% | 79.00% | -52.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.55% | 120.15% | -77.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.39% | 106.42% | -64.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.39% | 99.19% | -56.80% |