FTXL vs. SOXL

Last updated Jul 30, 2026

FTXL (First Trust Nasdaq Semiconductor ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past 5 years, FTXL returned 24.88%/yr vs 16.39%/yr for SOXL. Their 0.96 correlation means they have historically moved very closely together. FTXL charges 0.60%/yr vs 0.75%/yr for SOXL.

Performance

FTXL vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Semiconductor ETF (FTXL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXL achieves a 54.49% return, which is significantly lower than SOXL's 118.87% return.

FTXL

• 1D: -5.92%
• 1M: -26.94%
• 6M: 26.08%
• YTD: 54.49%
• 1Y: 101.64%
• 3Y*: 39.15%
• 5Y*: 24.88%
• 10Y*: —
• ALL TIME*: 26.98%

SOXL

• 1D: -16.02%
• 1M: -61.11%
• 6M: 31.25%
• YTD: 118.87%
• 1Y: 240.43%
• 3Y*: 49.32%
• 5Y*: 16.39%
• 10Y*: 44.75%
• ALL TIME*: 36.17%

*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)
FTXL First Trust Nasdaq Semiconductor ETF	$141.22M	$98.46M	$86.37M
SOXL Direxion Daily Semiconductor Bull 3X ETF	$10.69B	$10.70B	$11.60B

FTXL vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTXL First Trust Nasdaq Semiconductor ETF	54.49%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-14.47%	32.19%
SOXL Direxion Daily Semiconductor Bull 3X ETF	118.87%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between FTXL and SOXL is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (All Time) Calculated using the full available price history since Sep 21, 2016	0.96

The correlation between FTXL and SOXL has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

FTXL vs. SOXL - Sectors Allocation Comparison

Sectors	FTXL	SOXL
Technology	99.6%	100.0%
Industrials	0.4%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTXL vs. SOXL — Risk / Return Rank

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

FTXL

FTXL Risk / Return Rank: 85
FTXL Sharpe Ratio Rank: 90
FTXL Sortino Ratio Rank: 80
FTXL Omega Ratio Rank: 80
FTXL Calmar Ratio Rank: 83
FTXL Martin Ratio Rank: 90

SOXL

SOXL Risk / Return Rank: 80
SOXL Sharpe Ratio Rank: 82
SOXL Sortino Ratio Rank: 71
SOXL Omega Ratio Rank: 74
SOXL Calmar Ratio Rank: 87
SOXL Martin Ratio Rank: 86

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.

FTXL vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Semiconductor ETF (FTXL) 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.

	FTXL	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.88	+0.37
Sortino ratio: Return per unit of downside risk	2.58	2.33	+0.26
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	3.13	3.49	-0.36
Martin ratio: Return relative to average drawdown	14.28	12.49	+1.79

FTXL vs. SOXL - Sharpe Ratio Comparison

The current FTXL Sharpe Ratio is 2.25, which is comparable to the SOXL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FTXL 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.

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.

Drawdown Indicators

	FTXL	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-43.87%	-90.46%	+46.59%
Max Drawdown (1Y) Largest decline over 1 year	-32.64%	-69.42%	+36.78%
Max Drawdown (3Y) Largest decline over 3 years	-41.57%	-87.88%	+46.31%
Max Drawdown (5Y) Largest decline over 5 years	-43.87%	-90.46%	+46.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-32.64%	-69.42%	+36.78%
Average Drawdown Average peak-to-trough decline	-10.59%	-34.99%	+24.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	19.34%	-12.20%

Volatility

FTXL vs. SOXL - Volatility Comparison

The current volatility for First Trust Nasdaq Semiconductor ETF (FTXL) is 17.80%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 51.08%. 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.

Volatility by Period

	FTXL	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.80%	51.08%	-33.28%
Volatility (6M) Calculated over the trailing 6-month period	39.24%	113.66%	-74.42%
Volatility (1Y) Calculated over the trailing 1-year period	45.48%	128.79%	-83.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.05%	112.73%	-74.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.19%	101.84%	-66.65%

FTXL vs. SOXL - Expense Ratio Comparison

FTXL has a 0.60% expense ratio, which is lower than SOXL's 0.75% expense ratio.

Dividends

FTXL vs. SOXL - Dividend Comparison

FTXL's dividend yield for the trailing twelve months is around 0.12%, more than SOXL's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.12%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
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 FTXL and SOXL in my portfolio?

With a correlation of 0.99, FTXL and SOXL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTXL or SOXL?

SOXL has higher volatility (51.08%) compared to FTXL (17.80%). In terms of maximum drawdown, FTXL dropped -43.87% vs SOXL's -90.46%.

Which ETF is better, FTXL or SOXL?

On 5-year performance, FTXL leads with 24.88% vs 16.39% for SOXL. On fees, FTXL is cheaper at 0.60% per year. On volatility, FTXL has been the lower-risk option at 17.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXL or SOXL?

Over the 5-year period, FTXL has performed better with a 24.88% return vs 16.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXL or SOXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.75% for SOXL.

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

FTXL has the higher dividend yield at 0.12%, compared with 0.01% for SOXL.

What is the main difference between FTXL and SOXL?

FTXL is categorized as Semiconductors, while SOXL is Leveraged Equities. FTXL tracks Nasdaq U.S. Smart Semiconductor Index, while SOXL tracks ICE Semiconductor Index. They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.60% for FTXL and 0.75% for SOXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (2.25 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.