GCT vs. SOXL

Last updated Jun 4, 2026

GCT (GigaCloud Technology Inc) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 3 years, GCT returned 68.45%/yr vs 135.13%/yr for SOXL. At a 0.28 correlation, their price movements are largely independent.

Performance

GCT vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GigaCloud Technology Inc (GCT) 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, GCT achieves a -17.49% return, which is significantly lower than SOXL's 567.48% return.

GCT

• 1D: -6.03%
• 1M: -25.94%
• YTD: -17.49%
• 6M: -17.78%
• 1Y: 78.27%
• 3Y*: 68.45%
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

GCT vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GCT GigaCloud Technology Inc	-17.49%	112.10%	1.23%	221.53%	-63.73%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	54.91%	-12.31%	226.98%	-53.39%

Correlation

The correlation between GCT and SOXL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.28

Return for Risk

GCT vs. SOXL — Risk / Return Rank

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

GCT

GCT Risk / Return Rank: 75
GCT Sharpe Ratio Rank: 72
GCT Sortino Ratio Rank: 77
GCT Omega Ratio Rank: 72
GCT Calmar Ratio Rank: 75
GCT Martin Ratio Rank: 79

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
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.

GCT vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GigaCloud Technology Inc (GCT) 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.

	GCT	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	1.01	14.28	-13.27
Sortino ratio: Return per unit of downside risk	2.18	5.17	-2.99
Omega ratio: Gain probability vs. loss probability	1.24	1.72	-0.48
Calmar ratio: Return relative to maximum drawdown	2.10	33.47	-31.37
Martin ratio: Return relative to average drawdown	6.36	114.79	-108.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCT vs. SOXL - Sharpe Ratio Comparison

The current GCT Sharpe Ratio is 1.01, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of GCT 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.

Sharpe Ratios by Period

	GCT	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	14.28	-13.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.52	-0.37

Drawdowns

GCT vs. SOXL - Drawdown Comparison

The maximum GCT drawdown since its inception was -91.11%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for GCT and SOXL.

Drawdown Indicators

	GCT	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-91.11%	-90.46%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-37.43%	-43.47%	+6.04%
Max Drawdown (3Y) Largest decline over 3 years	-73.16%	-87.88%	+14.72%
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	-37.43%	0.00%	-37.43%
Average Drawdown Average peak-to-trough decline	-56.21%	-35.01%	-21.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.34%	12.65%	-0.31%

Volatility

GCT vs. SOXL - Volatility Comparison

The current volatility for GigaCloud Technology Inc (GCT) is 15.80%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that GCT 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

	GCT	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.80%	40.82%	-25.02%
Volatility (6M) Calculated over the trailing 6-month period	50.39%	81.29%	-30.90%
Volatility (1Y) Calculated over the trailing 1-year period	77.72%	102.11%	-24.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.10%	107.25%	+37.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.10%	99.04%	+46.06%

Dividends

GCT vs. SOXL - Dividend Comparison

GCT 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
GCT GigaCloud Technology Inc	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 GCT and SOXL in my portfolio?

GCT and SOXL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCT or SOXL?

SOXL has higher volatility (40.82%) compared to GCT (15.80%). In terms of maximum drawdown, GCT dropped -91.11% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs 1.01), 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.