HOOW vs. SOXL

Last updated Jun 24, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. HOOW is actively managed, while SOXL is passively managed. Over the past year, HOOW returned 28.92% vs 976.09% for SOXL. At a 0.44 correlation, their price movements are largely independent. HOOW charges 0.99%/yr vs 0.75%/yr for SOXL.

Performance

HOOW vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -14.70% return, which is significantly lower than SOXL's 450.61% return.

HOOW

• 1D: -2.94%
• 1M: 47.20%
• YTD: -14.70%
• 6M: -20.92%
• 1Y: 28.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -23.06%
• 1M: 21.44%
• YTD: 450.61%
• 6M: 429.57%
• 1Y: 976.09%
• 3Y*: 120.84%
• 5Y*: 42.16%
• 10Y*: 64.56%

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

HOOW vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-14.70%	52.60%
SOXL Direxion Daily Semiconductor Bull 3X ETF	450.61%	96.90%

Correlation

The correlation between HOOW 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 Jun 18, 2025	0.44

HOOW vs. SOXL - Sectors Allocation Comparison

Sectors	HOOW	SOXL
Financial Services	3.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

HOOW vs. SOXL — Risk / Return Rank

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

HOOW

HOOW Risk / Return Rank: 16
HOOW Sharpe Ratio Rank: 14
HOOW Sortino Ratio Rank: 20
HOOW Omega Ratio Rank: 19
HOOW Calmar Ratio Rank: 14
HOOW Martin Ratio Rank: 12

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 92
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

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.

HOOW vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

	HOOW	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.34	8.45	-8.10
Sortino ratio: Return per unit of downside risk	1.10	4.03	-2.93
Omega ratio: Gain probability vs. loss probability	1.13	1.58	-0.45
Calmar ratio: Return relative to maximum drawdown	0.44	22.69	-22.25
Martin ratio: Return relative to average drawdown	0.76	72.83	-72.07

HOOW vs. SOXL - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is 0.34, which is lower than the SOXL Sharpe Ratio of 8.45. The chart below compares the historical Sharpe Ratios of HOOW 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

HOOW vs. SOXL - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for HOOW and SOXL.

Drawdown Indicators

	HOOW	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-90.46%	+24.72%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-43.47%	-22.27%
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	-42.07%	-23.06%	-19.01%
Average Drawdown Average peak-to-trough decline	-29.96%	-34.95%	+4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.05%	13.52%	+24.53%

Volatility

HOOW vs. SOXL - Volatility Comparison

The current volatility for Roundhill HOOD WeeklyPay ETF (HOOW) is 28.68%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. This indicates that HOOW 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

	HOOW	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.68%	68.39%	-39.71%
Volatility (6M) Calculated over the trailing 6-month period	62.22%	99.84%	-37.62%
Volatility (1Y) Calculated over the trailing 1-year period	84.38%	116.79%	-32.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.14%	110.35%	-26.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.14%	100.62%	-16.48%

HOOW vs. SOXL - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

HOOW vs. SOXL - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 136.33%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HOOW Roundhill HOOD WeeklyPay ETF	136.33%	67.92%	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 HOOW and SOXL in my portfolio?

HOOW 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, HOOW or SOXL?

SOXL has higher volatility (68.39%) compared to HOOW (28.68%). In terms of maximum drawdown, HOOW dropped -65.74% vs SOXL's -90.46%.

Which ETF is better, HOOW or SOXL?

On 1-year performance, SOXL leads with 976.09% vs 28.92% for HOOW. On fees, SOXL is cheaper at 0.75% per year. On volatility, HOOW has been the lower-risk option at 28.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or SOXL?

Over the 1-year period, SOXL has performed better with a 976.09% return vs 28.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 136.33%, compared with 0.03% for SOXL.

What is the main difference between HOOW and SOXL?

They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for HOOW and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (8.45 vs 0.34), 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.