EURL vs. SOXL
Compare and contrast key facts about Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
EURL and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EURL is a passively managed fund by Direxion that tracks the performance of the FTSE Developed Europe Index (300%). It was launched on Jan 22, 2014. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both EURL and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EURL or SOXL.
Performance
EURL vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, EURL achieves a -7.67% return, which is significantly higher than SOXL's -13.13% return. Over the past 10 years, EURL has underperformed SOXL with an annualized return of -3.10%, while SOXL has yielded a comparatively higher 30.71% annualized return.
EURL
-7.67%
-18.00%
-22.59%
9.44%
-4.78%
-3.10%
SOXL
-13.13%
-22.68%
-44.81%
19.70%
14.56%
30.71%
Key characteristics
| EURL | SOXL | |
|---|---|---|
| Sharpe Ratio | 0.20 | 0.13 |
| Sortino Ratio | 0.55 | 0.89 |
| Omega Ratio | 1.06 | 1.11 |
| Calmar Ratio | 0.15 | 0.19 |
| Martin Ratio | 0.85 | 0.41 |
| Ulcer Index | 9.58% | 31.83% |
| Daily Std Dev | 39.79% | 100.74% |
| Max Drawdown | -84.65% | -90.46% |
| Current Drawdown | -48.60% | -62.06% |
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EURL vs. SOXL - Expense Ratio Comparison
EURL has a 1.07% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Correlation
The correlation between EURL and SOXL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
EURL vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Direxion Daily Semiconductor Bull 3x Shares (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.
Dividends
EURL vs. SOXL - Dividend Comparison
EURL's dividend yield for the trailing twelve months is around 3.32%, more than SOXL's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 3.32% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% | 0.79% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.13% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
EURL vs. SOXL - Drawdown Comparison
The maximum EURL drawdown since its inception was -84.65%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for EURL and SOXL. For additional features, visit the drawdowns tool.
Volatility
EURL vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily FTSE Europe Bull 3x Shares (EURL) is 12.76%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 26.83%. This indicates that EURL 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.