HOOG vs. SOXL

Last updated Jun 23, 2026

HOOG (Leverage Shares 2X Long HOOD Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. HOOG is actively managed, while SOXL is passively managed. Over the past year, HOOG returned -5.85% vs 1322.96% for SOXL. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

HOOG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long HOOD Daily ETF (HOOG) 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, HOOG achieves a -37.65% return, which is significantly lower than SOXL's 615.61% return.

HOOG

• 1D: -4.37%
• 1M: 92.50%
• YTD: -37.65%
• 6M: -47.26%
• 1Y: -5.85%
• 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)

HOOG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-37.65%	320.19%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	112.27%

Correlation

The correlation between HOOG and SOXL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.49

Return for Risk

HOOG vs. SOXL — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 12
HOOG Sharpe Ratio Rank: 8
HOOG Sortino Ratio Rank: 18
HOOG Omega Ratio Rank: 17
HOOG Calmar Ratio Rank: 8
HOOG Martin Ratio Rank: 8

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.

HOOG vs. SOXL - Risk-Adjusted Trends Comparison

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

	HOOG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	11.72	-11.76
Sortino ratio: Return per unit of downside risk	0.98	4.57	-3.59
Omega ratio: Gain probability vs. loss probability	1.12	1.65	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.07	30.78	-30.85
Martin ratio: Return relative to average drawdown	-0.11	99.38	-99.49

HOOG vs. SOXL - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is -0.04, which is lower than the SOXL Sharpe Ratio of 11.72. The chart below compares the historical Sharpe Ratios of HOOG 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

HOOG vs. SOXL - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for HOOG and SOXL.

Drawdown Indicators

	HOOG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-90.46%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-43.47%	-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	-70.92%	0.00%	-70.92%
Average Drawdown Average peak-to-trough decline	-38.94%	-34.95%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.79%	13.44%	+42.35%

Volatility

HOOG vs. SOXL - Volatility Comparison

The current volatility for Leverage Shares 2X Long HOOD Daily ETF (HOOG) is 46.00%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 62.02%. This indicates that HOOG 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

	HOOG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.00%	62.02%	-16.02%
Volatility (6M) Calculated over the trailing 6-month period	101.86%	96.02%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	139.56%	114.45%	+25.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.89%	109.85%	+35.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.89%	100.50%	+44.39%

HOOG vs. SOXL - Expense Ratio Comparison

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

Dividends

HOOG vs. SOXL - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 19.73%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HOOG Leverage Shares 2X Long HOOD Daily ETF	19.73%	12.30%	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 HOOG and SOXL in my portfolio?

HOOG and SOXL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOG or SOXL?

SOXL has higher volatility (62.02%) compared to HOOG (46.00%). In terms of maximum drawdown, HOOG dropped -86.94% vs SOXL's -90.46%.

Which ETF is better, HOOG or SOXL?

On 1-year performance, SOXL leads with 1322.96% vs -5.85% for HOOG. Both ETFs have the same 0.75% expense ratio. On volatility, HOOG has been the lower-risk option at 46.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOG or SOXL?

Over the 1-year period, SOXL has performed better with a 1322.96% return vs -5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOG or SOXL?

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

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

HOOG has the higher dividend yield at 19.73%, compared with 0.03% for SOXL.

What is the main difference between HOOG and SOXL?

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

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (11.72 vs -0.04), 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.