GRAG vs. SOXL

Last updated Jun 23, 2026

GRAG (Leverage Shares 2X Long GRAB Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. GRAG is actively managed, while SOXL is passively managed. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

GRAG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GRAB Daily ETF (GRAG) 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, GRAG achieves a -56.61% return, which is significantly lower than SOXL's 615.61% return.

GRAG

• 1D: -4.47%
• 1M: -2.43%
• YTD: -56.61%
• 6M: -60.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 7.69%
• 1M: 57.83%
• YTD: 615.61%
• 6M: 595.26%
• 1Y: 1,322.96%
• 3Y*: 141.01%
• 5Y*: 51.34%
• 10Y*: 68.93%

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

GRAG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
GRAG Leverage Shares 2X Long GRAB Daily ETF	-56.61%	-5.79%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	-15.35%

Correlation

The correlation between GRAG and SOXL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.30

Return for Risk

GRAG vs. SOXL — Risk / Return Rank

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

GRAG

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 94
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.

GRAG vs. SOXL - Risk-Adjusted Trends Comparison

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

	GRAG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	11.72	—
Sortino ratio: Return per unit of downside risk	—	4.57	—
Omega ratio: Gain probability vs. loss probability	—	1.65	—
Calmar ratio: Return relative to maximum drawdown	—	30.78	—
Martin ratio: Return relative to average drawdown	—	99.38	—

Drawdowns

GRAG vs. SOXL - Drawdown Comparison

The maximum GRAG drawdown since its inception was -65.33%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for GRAG and SOXL.

Drawdown Indicators

	GRAG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-65.33%	-90.46%	+25.13%
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	-60.91%	0.00%	-60.91%
Average Drawdown Average peak-to-trough decline	-41.46%	-34.95%	-6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.44%	—

Volatility

Volatility by Period

	GRAG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	96.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	70.21%	114.45%	-44.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.21%	109.85%	-39.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.21%	100.50%	-30.29%

GRAG vs. SOXL - Expense Ratio Comparison

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

Dividends

GRAG vs. SOXL - Dividend Comparison

GRAG 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
GRAG Leverage Shares 2X Long GRAB 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 GRAG and SOXL in my portfolio?

GRAG and SOXL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRAG 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, GRAG or SOXL?

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

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

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

What is the main difference between GRAG and SOXL?

They also come from different issuers: Leverage Shares and Direxion.