FCXG vs. SOXL

Last updated Jun 5, 2026

FCXG (Leverage Shares 2X Long FCX Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - FCXG tracks the Freeport-McMoRan Inc. (FCX) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

FCXG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long FCX Daily ETF (FCXG) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCXG

• 1D: -2.59%
• 1M: 41.30%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -6.36%
• 1M: 82.23%
• YTD: 525.03%
• 6M: 481.71%
• 1Y: 1,280.87%
• 3Y*: 133.82%
• 5Y*: 46.78%
• 10Y*: 64.43%

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

FCXG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
FCXG Leverage Shares 2X Long FCX Daily ETF	10.01%
SOXL Direxion Daily Semiconductor Bull 3X ETF	302.73%

Correlation

The correlation between FCXG and SOXL is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	0.65

Return for Risk

FCXG vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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.

FCXG vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FCX Daily ETF (FCXG) 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.

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

Sharpe Ratios by Period

	FCXG	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.51	-0.15

Drawdowns

FCXG vs. SOXL - Drawdown Comparison

The maximum FCXG drawdown since its inception was -44.55%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for FCXG and SOXL.

Drawdown Indicators

	FCXG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-90.46%	+45.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-8.82%	-6.36%	-2.46%
Average Drawdown Average peak-to-trough decline	-21.12%	-35.01%	+13.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.66%	—

Volatility

Volatility by Period

	FCXG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	109.09%	102.16%	+6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.09%	107.25%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.09%	99.05%	+10.04%

FCXG vs. SOXL - Expense Ratio Comparison

Both FCXG and SOXL have an expense ratio of 0.75%.

Dividends

FCXG vs. SOXL - Dividend Comparison

FCXG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FCXG Leverage Shares 2X Long FCX Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both FCXG and SOXL in my portfolio?

FCXG and SOXL have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCXG or SOXL?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCXG or SOXL?

FCXG and SOXL have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, FCXG or SOXL?

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for FCXG.

What is the main difference between FCXG and SOXL?

FCXG tracks Freeport-McMoRan Inc. (FCX), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Leverage Shares and Direxion.