ELIS vs. SOXS

Last updated Jun 4, 2026

ELIS (Direxion Daily LLY Bear 1X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - ELIS is a Inverse Equities fund actively managed by Direxion, while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). ELIS is actively managed, while SOXS is passively managed. At a 0.17 correlation, their price movements are largely independent. ELIS charges 0.97%/yr vs 1.08%/yr for SOXS.

Performance

ELIS vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bear 1X Shares (ELIS) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXS

• 1D: -5.03%
• 1M: -62.97%
• YTD: -92.10%
• 6M: -91.70%
• 1Y: -97.75%
• 3Y*: -86.64%
• 5Y*: -79.66%
• 10Y*: -78.92%

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

ELIS vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-29.46%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-92.10%	-87.03%

Correlation

The correlation between ELIS and SOXS is 0.09, 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	0.09
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.17

Return for Risk

ELIS vs. SOXS — Risk / Return Rank

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 1
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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ELIS	SOXS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.79	—

Drawdowns

Drawdown Indicators

	ELIS	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	—	-100.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-97.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-99.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	—	-100.00%	—
Average Drawdown Average peak-to-trough decline	—	-92.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	68.64%	—

Volatility

Volatility by Period

	ELIS	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	44.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	83.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	102.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	108.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	100.48%	—

ELIS vs. SOXS - Expense Ratio Comparison

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

Dividends

ELIS vs. SOXS - Dividend Comparison

ELIS's dividend yield for the trailing twelve months is around 5.26%, less than SOXS's 68.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	68.34%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both ELIS and SOXS in my portfolio?

ELIS and SOXS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELIS or SOXS?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELIS or SOXS?

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

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

SOXS has the higher dividend yield at 68.34%, compared with 5.26% for ELIS.

What is the main difference between ELIS and SOXS?

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