FTXL vs. SOXL
Compare and contrast key facts about First Trust Nasdaq Semiconductor ETF (FTXL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
FTXL and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTXL is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Semiconductor Index. It was launched on Sep 20, 2016. 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 FTXL 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: FTXL or SOXL.
Key characteristics
| FTXL | SOXL | |
|---|---|---|
| YTD Return | 6.91% | 24.21% |
| 1Y Return | 49.02% | 188.35% |
| 3Y Return (Ann) | 13.17% | 5.26% |
| 5Y Return (Ann) | 20.84% | 25.36% |
| Sharpe Ratio | 1.73 | 2.16 |
| Daily Std Dev | 27.15% | 84.95% |
| Max Drawdown | -43.87% | -90.46% |
| Current Drawdown | -8.25% | -45.75% |
Correlation
The correlation between FTXL and SOXL is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTXL vs. SOXL - Performance Comparison
In the year-to-date period, FTXL achieves a 6.91% return, which is significantly lower than SOXL's 24.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTXL vs. SOXL - Expense Ratio Comparison
FTXL has a 0.60% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
FTXL vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Semiconductor ETF (FTXL) 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
FTXL vs. SOXL - Dividend Comparison
FTXL's dividend yield for the trailing twelve months is around 0.55%, more than SOXL's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXL First Trust Nasdaq Semiconductor ETF | 0.55% | 0.60% | 0.89% | 0.25% | 0.48% | 0.92% | 0.71% | 0.47% | 0.11% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.43% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
FTXL vs. SOXL - Drawdown Comparison
The maximum FTXL drawdown since its inception was -43.87%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for FTXL and SOXL. For additional features, visit the drawdowns tool.
Volatility
FTXL vs. SOXL - Volatility Comparison
The current volatility for First Trust Nasdaq Semiconductor ETF (FTXL) is 9.60%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.71%. This indicates that FTXL 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.