ICHR vs. SOXL

Last updated Jun 4, 2026

ICHR (Ichor Holdings, Ltd.) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 5 years, ICHR returned 5.26%/yr vs 48.72%/yr for SOXL. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

ICHR vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ichor Holdings, Ltd. (ICHR) 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, ICHR achieves a 293.11% return, which is significantly lower than SOXL's 567.48% return.

ICHR

• 1D: -3.34%
• 1M: 3.92%
• YTD: 293.11%
• 6M: 312.82%
• 1Y: 316.38%
• 3Y*: 31.96%
• 5Y*: 5.26%
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

ICHR vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICHR Ichor Holdings, Ltd.	293.11%	-42.80%	-4.19%	25.39%	-41.73%	52.70%	-9.39%	104.11%	-33.74%	127.36%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between ICHR and SOXL is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 12, 2016	0.71

The correlation between ICHR and SOXL has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

Return for Risk

ICHR vs. SOXL — Risk / Return Rank

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

ICHR

ICHR Risk / Return Rank: 93
ICHR Sharpe Ratio Rank: 96
ICHR Sortino Ratio Rank: 88
ICHR Omega Ratio Rank: 91
ICHR Calmar Ratio Rank: 96
ICHR Martin Ratio Rank: 94

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
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.

ICHR vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ichor Holdings, Ltd. (ICHR) 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.

	ICHR	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	3.46	14.28	-10.82
Sortino ratio: Return per unit of downside risk	3.05	5.17	-2.13
Omega ratio: Gain probability vs. loss probability	1.46	1.72	-0.26
Calmar ratio: Return relative to maximum drawdown	7.81	33.47	-25.66
Martin ratio: Return relative to average drawdown	17.66	114.79	-97.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICHR vs. SOXL - Sharpe Ratio Comparison

The current ICHR Sharpe Ratio is 3.46, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of ICHR 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.

Sharpe Ratios by Period

	ICHR	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.46	14.28	-10.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.46	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.52	-0.16

Drawdowns

ICHR vs. SOXL - Drawdown Comparison

The maximum ICHR drawdown since its inception was -77.39%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ICHR and SOXL.

Drawdown Indicators

	ICHR	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-77.39%	-90.46%	+13.07%
Max Drawdown (1Y) Largest decline over 1 year	-40.80%	-43.47%	+2.67%
Max Drawdown (3Y) Largest decline over 3 years	-69.09%	-87.88%	+18.79%
Max Drawdown (5Y) Largest decline over 5 years	-74.93%	-90.46%	+15.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-5.85%	0.00%	-5.85%
Average Drawdown Average peak-to-trough decline	-36.38%	-35.01%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.02%	12.65%	+5.37%

Volatility

ICHR vs. SOXL - Volatility Comparison

The current volatility for Ichor Holdings, Ltd. (ICHR) is 19.72%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that ICHR 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

	ICHR	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.72%	40.82%	-21.10%
Volatility (6M) Calculated over the trailing 6-month period	60.25%	81.29%	-21.04%
Volatility (1Y) Calculated over the trailing 1-year period	92.42%	102.11%	-9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.68%	107.25%	-40.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.88%	99.04%	-33.16%

Dividends

ICHR vs. SOXL - Dividend Comparison

ICHR has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ICHR Ichor Holdings, Ltd.	0.00%	0.00%	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 ICHR and SOXL in my portfolio?

ICHR and SOXL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICHR or SOXL?

SOXL has higher volatility (40.82%) compared to ICHR (19.72%). In terms of maximum drawdown, ICHR dropped -77.39% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs 3.46), 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.