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ENEL.MI vs. SOXL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENEL.MI vs. SOXL

Last updated Jun 13, 2026

ENEL.MI (Enel SpA) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 10 years, ENEL.MI returned 15.79%/yr vs 62.68%/yr for SOXL. At a 0.26 correlation, their price movements are largely independent.

Performance

ENEL.MI vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Enel SpA (ENEL.MI) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ENEL.MI is traded in EUR, while SOXL is traded in USD. To make them comparable, the SOXL values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ENEL.MI achieves a 13.01% return, which is significantly lower than SOXL's 466.96% return. Over the past 10 years, ENEL.MI has underperformed SOXL with an annualized return of 15.79%, while SOXL has yielded a comparatively higher 62.68% annualized return.

ENEL.MI

1D
1.35%
1M
0.72%
YTD
13.01%
6M
15.09%
1Y
29.94%
3Y*
24.05%
5Y*
10.38%
10Y*
15.79%

SOXL

1D
4.86%
1M
27.16%
YTD
466.96%
6M
470.97%
1Y
1,073.34%
3Y*
105.97%
5Y*
45.00%
10Y*
62.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENEL.MI vs. SOXL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ENEL.MI
Enel SpA		13.01%36.75%8.35%42.63%-23.74%-11.11%22.02%47.36%2.97%27.49%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		466.96%36.53%-6.52%217.18%-84.78%135.21%56.02%239.32%-36.21%112.00%

Correlation

The correlation between ENEL.MI and SOXL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2010

0.26

The correlation between ENEL.MI and SOXL shifts across timeframes, from 0.07 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Enel SpA

Direxion Daily Semiconductor Bull 3X ETF

Often compared with ENEL.MI:
ENEL.MI vs. ENI.MIENEL.MI vs. ENLAYENEL.MI vs. TRN.MIENEL.MI vs. PST.MIENEL.MI vs. DBXI.DEENEL.MI vs. EDPFYENEL.MI vs. ENI.DE
Often compared with SOXL:
SOXL vs. TQQQSOXL vs. SOXXSOXL vs. SOXSSOXL vs. USDSOXL vs. TECLSOXL vs. NVDLSOXL vs. SPY

Return for Risk

ENEL.MI vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENEL.MI
ENEL.MI Risk / Return Rank: 8282
Overall Rank
ENEL.MI Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ENEL.MI Sortino Ratio Rank: 7979
Sortino Ratio Rank
ENEL.MI Omega Ratio Rank: 8080
Omega Ratio Rank
ENEL.MI Calmar Ratio Rank: 8181
Calmar Ratio Rank
ENEL.MI Martin Ratio Rank: 8484
Martin Ratio Rank
SOXL
SOXL Risk / Return Rank: 9797
Overall Rank
SOXL Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 9494
Sortino Ratio Rank
SOXL Omega Ratio Rank: 9494
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9999
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9898
Martin Ratio Rank
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.

ENEL.MI vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enel SpA (ENEL.MI) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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.

ENEL.MISOXLDifference
Sharpe ratioReturn per unit of total volatility
1.51
9.09

-7.57

Sortino ratioReturn per unit of downside risk
2.11
4.25

-2.13

Omega ratioGain probability vs. loss probability

1.29

1.60

-0.32

Calmar ratioReturn relative to maximum drawdown

2.65

23.90

-21.25

Martin ratioReturn relative to average drawdown

7.83

76.66

-68.83

ENEL.MI vs. SOXL - Sharpe Ratio Comparison

The current ENEL.MI Sharpe Ratio is 1.51, which is lower than the SOXL Sharpe Ratio of 9.09. The chart below compares the historical Sharpe Ratios of ENEL.MI and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ENEL.MI vs. SOXL - Drawdown Comparison

The maximum ENEL.MI drawdown since its inception was -56.40%, smaller than the maximum SOXL drawdown of -88.89%. Use the drawdown chart below to compare losses from any high point for ENEL.MI and SOXL.

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Drawdown Indicators

ENEL.MISOXLDifference

Max Drawdown

Largest peak-to-trough decline

-56.40%

-88.89%

+32.49%

Max Drawdown (1Y)

Largest decline over 1 year

-10.99%

-41.76%

+30.77%

Max Drawdown (3Y)

Largest decline over 3 years

-13.88%

-88.02%

+74.14%

Max Drawdown (5Y)

Largest decline over 5 years

-47.08%

-88.89%

+41.81%

Max Drawdown (10Y)

Largest decline over 10 years

-50.13%

-88.89%

+38.76%

Current Drawdown

Current decline from peak

-3.93%

-16.13%

+12.20%

Average Drawdown

Average peak-to-trough decline

-15.15%

-34.40%

+19.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.72%

13.00%

-9.28%

Volatility

ENEL.MI vs. SOXL - Volatility Comparison

The current volatility for Enel SpA (ENEL.MI) is 5.33%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 57.36%. This indicates that ENEL.MI experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENEL.MISOXLDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.33%

57.36%

-52.03%

Volatility (6M)

Calculated over the trailing 6-month period

17.28%

92.58%

-75.30%

Volatility (1Y)

Calculated over the trailing 1-year period

19.27%

109.84%

-90.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.09%

107.57%

-86.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.78%

99.26%

-76.48%

Dividends

ENEL.MI vs. SOXL - Dividend Comparison

ENEL.MI's dividend yield for the trailing twelve months is around 4.95%, more than SOXL's 0.03% yield.

PositionTTM20252024202320222021202020192018201720162015
ENEL.MI
Enel SpA		4.95%4.98%5.44%5.56%7.55%5.08%3.96%3.96%4.70%3.51%3.82%3.60%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		0.03%0.34%1.18%0.51%1.07%0.04%0.05%0.38%1.30%0.09%4.84%0.00%

Frequently Asked Questions

ENEL.MI and SOXL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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