KPDD vs. SOXL

Last updated Jun 4, 2026

KPDD (KraneShares 2x Long PDD Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - KPDD tracks the PDD Holdings Inc. ADR (PDD) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past year, KPDD returned -39.50% vs 1438.30% for SOXL. At a 0.41 correlation, their price movements are largely independent. KPDD charges 1.27%/yr vs 0.75%/yr for SOXL.

Performance

KPDD vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long PDD Daily ETF (KPDD) 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, KPDD achieves a -49.17% return, which is significantly lower than SOXL's 567.48% return.

KPDD

• 1D: -6.41%
• 1M: -26.78%
• YTD: -49.17%
• 6M: -53.13%
• 1Y: -39.50%
• 3Y*: —
• 5Y*: —
• 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)

KPDD vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
KPDD KraneShares 2x Long PDD Daily ETF	-49.17%	-25.58%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	131.18%

Correlation

The correlation between KPDD and SOXL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.41

KPDD vs. SOXL - Sectors Allocation Comparison

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

Return for Risk

KPDD vs. SOXL — Risk / Return Rank

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

KPDD

KPDD Risk / Return Rank: 4
KPDD Sharpe Ratio Rank: 4
KPDD Sortino Ratio Rank: 4
KPDD Omega Ratio Rank: 4
KPDD Calmar Ratio Rank: 4
KPDD Martin Ratio Rank: 4

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.

KPDD vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long PDD Daily ETF (KPDD) 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.

	KPDD	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	14.28	-14.90
Sortino ratio: Return per unit of downside risk	-0.59	5.17	-5.76
Omega ratio: Gain probability vs. loss probability	0.92	1.72	-0.79
Calmar ratio: Return relative to maximum drawdown	-0.58	33.47	-34.05
Martin ratio: Return relative to average drawdown	-1.14	114.79	-115.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KPDD vs. SOXL - Sharpe Ratio Comparison

The current KPDD Sharpe Ratio is -0.61, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of KPDD 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

	KPDD	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	14.28	-14.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	0.52	-1.25

Drawdowns

KPDD vs. SOXL - Drawdown Comparison

The maximum KPDD drawdown since its inception was -70.57%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for KPDD and SOXL.

Drawdown Indicators

	KPDD	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-70.57%	-90.46%	+19.89%
Max Drawdown (1Y) Largest decline over 1 year	-68.49%	-43.47%	-25.02%
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	-69.09%	0.00%	-69.09%
Average Drawdown Average peak-to-trough decline	-37.19%	-35.01%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.59%	12.65%	+21.94%

Volatility

KPDD vs. SOXL - Volatility Comparison

The current volatility for KraneShares 2x Long PDD Daily ETF (KPDD) is 34.05%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that KPDD 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

	KPDD	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.05%	40.82%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	51.37%	81.29%	-29.92%
Volatility (1Y) Calculated over the trailing 1-year period	64.76%	102.11%	-37.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.72%	107.25%	-32.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.72%	99.04%	-24.32%

KPDD vs. SOXL - Expense Ratio Comparison

KPDD has a 1.27% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

KPDD vs. SOXL - Dividend Comparison

KPDD's dividend yield for the trailing twelve months is around 113.85%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KPDD KraneShares 2x Long PDD Daily ETF	113.85%	57.87%	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 KPDD and SOXL in my portfolio?

KPDD and SOXL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KPDD or SOXL?

SOXL has higher volatility (40.82%) compared to KPDD (34.05%). In terms of maximum drawdown, KPDD dropped -70.57% vs SOXL's -90.46%.

Which ETF is better, KPDD or SOXL?

On 1-year performance, SOXL leads with 1438.30% vs -39.50% for KPDD. On fees, SOXL is cheaper at 0.75% per year. On volatility, KPDD has been the lower-risk option at 34.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KPDD or SOXL?

Over the 1-year period, SOXL has performed better with a 1438.30% return vs -39.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KPDD or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.27% for KPDD.

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

KPDD has the higher dividend yield at 113.85%, compared with 0.03% for SOXL.

What is the main difference between KPDD and SOXL?

KPDD tracks PDD Holdings Inc. ADR (PDD), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: KraneShares and Direxion. Their fees differ too: 1.27% for KPDD and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs -0.61), 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.