KEEX vs. SOXL

Last updated Jul 21, 2026

KEEX (Defiance Daily Target 2X Long KEEL ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. KEEX is actively managed, while SOXL is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. KEEX charges 1.31%/yr vs 0.75%/yr for SOXL.

Performance

KEEX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long KEEL ETF (KEEX) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KEEX

• 1D: 18.42%
• 1M: -57.94%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SOXL

• 1D: 0.99%
• 1M: -51.02%
• 6M: 125.20%
• YTD: 225.51%
• 1Y: 400.73%
• 3Y*: 77.51%
• 5Y*: 27.50%
• 10Y*: 52.03%
• ALL TIME*: 39.58%

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

KEEX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
KEEX Defiance Daily Target 2X Long KEEL ETF	34.82%
SOXL Direxion Daily Semiconductor Bull 3X ETF	6.62%

Correlation

The correlation between KEEX and SOXL is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 27, 2026	0.53

Return for Risk

KEEX vs. SOXL — Risk / Return Rank

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

KEEX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXL

SOXL Risk / Return Rank: 91
SOXL Sharpe Ratio Rank: 96
SOXL Sortino Ratio Rank: 83
SOXL Omega Ratio Rank: 85
SOXL Calmar Ratio Rank: 97
SOXL Martin Ratio Rank: 96

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.

KEEX vs. SOXL - Risk-Adjusted Trends Comparison

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

	KEEX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.23	—
Sortino ratio: Return per unit of downside risk	—	2.83	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	7.35	—
Martin ratio: Return relative to average drawdown	—	23.74	—

Drawdowns

KEEX vs. SOXL - Drawdown Comparison

The maximum KEEX drawdown since its inception was -69.40%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for KEEX and SOXL.

Drawdown Indicators

	KEEX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-69.40%	-90.46%	+21.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.96%	—
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	-62.44%	-54.51%	-7.93%
Average Drawdown Average peak-to-trough decline	-21.23%	-34.96%	+13.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.98%	—

Volatility

Volatility by Period

	KEEX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	58.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	109.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	202.73%	125.28%	+77.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.73%	112.02%	+90.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.73%	101.46%	+101.27%

KEEX vs. SOXL - Expense Ratio Comparison

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

Dividends

KEEX vs. SOXL - Dividend Comparison

KEEX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KEEX Defiance Daily Target 2X Long KEEL ETF	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	0.01%	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 KEEX and SOXL in my portfolio?

KEEX and SOXL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KEEX or SOXL?

On fees, SOXL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KEEX or SOXL?

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

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

SOXL has the higher dividend yield at 0.01%, compared with 0.00% for KEEX.

What is the main difference between KEEX and SOXL?

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