FCXG vs. SOXL

Last updated Aug 1, 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 NYSE Semiconductor Index. Both are passively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. 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: -2.84%
• 1M: 3.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SOXL

• 1D: 0.00%
• 1M: -47.27%
• 6M: 85.66%
• YTD: 172.95%
• 1Y: 359.38%
• 3Y*: 60.01%
• 5Y*: 21.65%
• 10Y*: 48.63%
• ALL TIME*: 38.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCXG Leverage Shares 2X Long FCX Daily ETF	$223.64K	$203.00K	$533.52K
SOXL Direxion Daily Semiconductor Bull 3X ETF	$10.60B	$10.77B	$11.72B

FCXG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
FCXG Leverage Shares 2X Long FCX Daily ETF	-14.53%
SOXL Direxion Daily Semiconductor Bull 3X ETF	73.06%

Correlation

The correlation between FCXG and SOXL is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.65

Return for Risk

FCXG vs. SOXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCXG

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

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 95
SOXL Sortino Ratio Rank: 83
SOXL Omega Ratio Rank: 85
SOXL Calmar Ratio Rank: 95
SOXL Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	FCXG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.77	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	5.22	—
Martin ratio: Return relative to average drawdown	—	18.04	—

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	—	-69.42%	—
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	-31.19%	-61.86%	+30.67%
Average Drawdown Average peak-to-trough decline	-23.43%	-35.00%	+11.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.04%	—

Volatility

Volatility by Period

	FCXG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	52.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	115.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.68%	130.99%	-23.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.68%	113.21%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.68%	102.11%	+5.57%

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 0.01%.

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	0.01%	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 0.01%, compared with 0.00% for FCXG.

What is the main difference between FCXG and SOXL?

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