HJEN vs. SOXS

Last updated Jun 4, 2026

HJEN (Direxion Hydrogen ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - HJEN is a Alternative Energy Equities fund tracking the Indxx Hydrogen Economy Index - Benchmark TR Net, while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. At a correlation of -0.43, they often move in opposite directions. HJEN charges 0.45%/yr vs 1.08%/yr for SOXS.

Performance

HJEN vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Hydrogen ETF (HJEN) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJEN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXS

• 1D: -5.03%
• 1M: -62.97%
• YTD: -92.10%
• 6M: -91.70%
• 1Y: -97.75%
• 3Y*: -86.64%
• 5Y*: -79.66%
• 10Y*: -78.92%

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

HJEN vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-13.86%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-92.10%	-85.53%	-59.55%	-84.56%	15.76%	-70.89%

Correlation

The correlation between HJEN and SOXS is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	-0.21
Correlation (5Y) Calculated over the trailing 5-year period	-0.43
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	-0.43

The correlation between HJEN and SOXS shifts across timeframes, from -0.43 (all time) to -0.21 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

HJEN vs. SOXS — Risk / Return Rank

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 1
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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.

HJEN vs. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.

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

Sharpe Ratios by Period

	HJEN	SOXS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.79	—

Drawdowns

Drawdown Indicators

	HJEN	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	—	-100.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-97.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-99.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	—	-100.00%	—
Average Drawdown Average peak-to-trough decline	—	-92.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	68.64%	—

Volatility

Volatility by Period

	HJEN	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	44.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	83.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	102.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	108.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	100.48%	—

HJEN vs. SOXS - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

HJEN vs. SOXS - Dividend Comparison

HJEN has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 68.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	68.34%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both HJEN and SOXS in my portfolio?

HJEN and SOXS have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HJEN or SOXS?

On fees, HJEN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HJEN or SOXS?

HJEN is cheaper with a 0.45% expense ratio, compared with 1.08% for SOXS.

Which ETF pays a higher dividend yield, HJEN or SOXS?

SOXS has the higher dividend yield at 68.34%, compared with 0.00% for HJEN.

What is the main difference between HJEN and SOXS?

HJEN is categorized as Alternative Energy Equities, while SOXS is Leveraged Equities. HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.45% for HJEN and 1.08% for SOXS.