HOOX vs. SOXL

Last updated Jun 24, 2026

HOOX (Defiance Daily Target 2X Long HOOD ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. HOOX is actively managed, while SOXL is passively managed. Over the past year, HOOX returned -7.26% vs 976.09% for SOXL. At a 0.49 correlation, their price movements are largely independent. HOOX charges 1.31%/yr vs 0.75%/yr for SOXL.

Performance

HOOX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HOOD ETF (HOOX) 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, HOOX achieves a -41.20% return, which is significantly lower than SOXL's 450.61% return.

HOOX

• 1D: -4.60%
• 1M: 83.42%
• YTD: -41.20%
• 6M: -48.54%
• 1Y: -7.26%
• 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)

HOOX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
HOOX Defiance Daily Target 2X Long HOOD ETF	-41.20%	342.84%
SOXL Direxion Daily Semiconductor Bull 3X ETF	450.61%	112.27%

Correlation

The correlation between HOOX 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 19, 2025	0.49

HOOX vs. SOXL - Sectors Allocation Comparison

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

Return for Risk

HOOX vs. SOXL — Risk / Return Rank

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

HOOX

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

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.

HOOX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HOOD ETF (HOOX) 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.

	HOOX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	8.45	-8.50
Sortino ratio: Return per unit of downside risk	0.97	4.03	-3.06
Omega ratio: Gain probability vs. loss probability	1.11	1.58	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.08	22.69	-22.77
Martin ratio: Return relative to average drawdown	-0.13	72.83	-72.96

HOOX vs. SOXL - Sharpe Ratio Comparison

The current HOOX Sharpe Ratio is -0.05, which is lower than the SOXL Sharpe Ratio of 8.45. The chart below compares the historical Sharpe Ratios of HOOX 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

HOOX vs. SOXL - Drawdown Comparison

The maximum HOOX drawdown since its inception was -87.11%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for HOOX and SOXL.

Drawdown Indicators

	HOOX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-87.11%	-90.46%	+3.35%
Max Drawdown (1Y) Largest decline over 1 year	-87.11%	-43.47%	-43.64%
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	-72.78%	-23.06%	-49.72%
Average Drawdown Average peak-to-trough decline	-38.95%	-34.95%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.21%	13.52%	+42.69%

Volatility

HOOX vs. SOXL - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long HOOD ETF (HOOX) is 46.79%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. This indicates that HOOX 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

	HOOX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.79%	68.39%	-21.60%
Volatility (6M) Calculated over the trailing 6-month period	102.33%	99.84%	+2.49%
Volatility (1Y) Calculated over the trailing 1-year period	139.87%	116.79%	+23.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.98%	110.35%	+33.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.98%	100.62%	+43.36%

HOOX vs. SOXL - Expense Ratio Comparison

HOOX has a 1.31% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

HOOX vs. SOXL - Dividend Comparison

HOOX's dividend yield for the trailing twelve months is around 24.02%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HOOX Defiance Daily Target 2X Long HOOD ETF	24.02%	14.12%	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 HOOX and SOXL in my portfolio?

HOOX 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, HOOX or SOXL?

SOXL has higher volatility (68.39%) compared to HOOX (46.79%). In terms of maximum drawdown, HOOX dropped -87.11% vs SOXL's -90.46%.

Which ETF is better, HOOX or SOXL?

On 1-year performance, SOXL leads with 976.09% vs -7.26% for HOOX. On fees, SOXL is cheaper at 0.75% per year. On volatility, HOOX has been the lower-risk option at 46.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOX or SOXL?

Over the 1-year period, SOXL has performed better with a 976.09% return vs -7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.31% for HOOX.

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

HOOX has the higher dividend yield at 24.02%, compared with 0.03% for SOXL.

What is the main difference between HOOX and SOXL?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for HOOX and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (8.45 vs -0.05), 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.