HIMX vs. SOXL
Compare and contrast key facts about Himax Technologies, Inc. (HIMX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIMX or SOXL.
Correlation
The correlation between HIMX and SOXL is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HIMX vs. SOXL - Performance Comparison
Key characteristics
HIMX:
0.61
SOXL:
0.07
HIMX:
1.75
SOXL:
0.82
HIMX:
1.20
SOXL:
1.10
HIMX:
0.64
SOXL:
0.12
HIMX:
1.90
SOXL:
0.19
HIMX:
21.51%
SOXL:
38.39%
HIMX:
66.47%
SOXL:
101.79%
HIMX:
-87.55%
SOXL:
-90.46%
HIMX:
-36.01%
SOXL:
-58.01%
Returns By Period
In the year-to-date period, HIMX achieves a 2.74% return, which is significantly lower than SOXL's 9.63% return. Over the past 10 years, HIMX has underperformed SOXL with an annualized return of 5.45%, while SOXL has yielded a comparatively higher 32.23% annualized return.
HIMX
2.74%
1.35%
6.99%
44.56%
23.79%
5.45%
SOXL
9.63%
-7.64%
-41.65%
3.42%
8.78%
32.23%
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Risk-Adjusted Performance
HIMX vs. SOXL — Risk-Adjusted Performance Rank
HIMX
SOXL
HIMX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Himax Technologies, Inc. (HIMX) 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
HIMX vs. SOXL - Dividend Comparison
HIMX's dividend yield for the trailing twelve months is around 3.51%, more than SOXL's 1.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMX Himax Technologies, Inc. | 3.51% | 3.61% | 7.91% | 20.13% | 1.70% | 0.00% | 0.00% | 2.92% | 2.30% | 2.15% | 3.66% | 3.35% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.07% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
HIMX vs. SOXL - Drawdown Comparison
The maximum HIMX drawdown since its inception was -87.55%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for HIMX and SOXL. For additional features, visit the drawdowns tool.
Volatility
HIMX vs. SOXL - Volatility Comparison
The current volatility for Himax Technologies, Inc. (HIMX) is 24.50%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 26.35%. This indicates that HIMX 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.