IP vs. SOXL
IP (International Paper Company) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 10 years, IP returned 3.06%/yr vs 53.10%/yr for SOXL. At a 0.43 correlation, their price movements are largely independent.
Performance
IP vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -1.45% return, which is significantly lower than SOXL's 239.00% return. Over the past 10 years, IP has underperformed SOXL with an annualized return of 3.06%, while SOXL has yielded a comparatively higher 53.10% annualized return.
IP
- 1D
- 3.08%
- 1M
- 4.76%
- 6M
- -11.09%
- YTD
- -1.45%
- 1Y
- -22.63%
- 3Y*
- 11.81%
- 5Y*
- -3.33%
- 10Y*
- 3.06%
SOXL
- 1D
- -13.94%
- 1M
- -37.01%
- 6M
- 145.32%
- YTD
- 239.00%
- 1Y
- 427.27%
- 3Y*
- 72.95%
- 5Y*
- 31.92%
- 10Y*
- 53.10%
IP vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -1.45% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 239.00% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between IP and SOXL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.43 |
Over the past year, the correlation between IP and SOXL has dropped to 0.15 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
IP vs. SOXL — Risk / Return Rank
IP
SOXL
IP vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.40 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 8.19 | -8.68 |
| Martin ratioReturn relative to average drawdown | -0.85 | 26.43 | -27.28 |
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Drawdowns
IP vs. SOXL - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for IP and SOXL.
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Drawdown Indicators
| IP | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -90.46% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -52.63% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -87.88% | +39.27% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -90.46% | +41.85% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -90.46% | +35.19% |
Current DrawdownCurrent decline from peak | -32.77% | -52.63% | +19.86% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -34.95% | +14.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.79% | 16.27% | +10.52% |
Volatility
IP vs. SOXL - Volatility Comparison
The current volatility for International Paper Company (IP) is 8.64%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 60.71%. This indicates that IP 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.
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Volatility by Period
| IP | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 60.71% | -52.07% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 109.63% | -76.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.68% | 124.91% | -82.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.95% | 112.01% | -79.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 101.43% | -69.10% |
Dividends
IP vs. SOXL - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 4.89%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 4.89% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% |
Frequently Asked Questions
IP and SOXL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (60.71%) compared to IP (8.64%). In terms of maximum drawdown, IP dropped -90.62% vs SOXL's -90.46%.
SOXL currently has the higher Sharpe Ratio (3.45 vs -0.53), 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.
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