LABX vs. SOXL

Last updated Jun 5, 2026

LABX (Tradr 2X Long ALAB Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. LABX is actively managed, while SOXL is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. LABX charges 1.30%/yr vs 0.75%/yr for SOXL.

Performance

LABX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ALAB Daily ETF (LABX) 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, LABX achieves a 193.40% return, which is significantly lower than SOXL's 525.03% return.

LABX

• 1D: -2.80%
• 1M: 152.02%
• YTD: 193.40%
• 6M: 225.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -6.36%
• 1M: 82.23%
• YTD: 525.03%
• 6M: 481.71%
• 1Y: 1,280.87%
• 3Y*: 133.82%
• 5Y*: 46.78%
• 10Y*: 64.43%

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

LABX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
LABX Tradr 2X Long ALAB Daily ETF	193.40%	-46.45%
SOXL Direxion Daily Semiconductor Bull 3X ETF	525.03%	50.15%

Correlation

The correlation between LABX and SOXL is 0.56, 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 Aug 13, 2025	0.56

Return for Risk

LABX vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 94
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.

LABX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ALAB Daily ETF (LABX) 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.

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

Sharpe Ratios by Period

	LABX	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.51	-0.10

Drawdowns

LABX vs. SOXL - Drawdown Comparison

The maximum LABX drawdown since its inception was -90.93%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for LABX and SOXL.

Drawdown Indicators

	LABX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-90.46%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
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	-3.27%	-6.36%	+3.09%
Average Drawdown Average peak-to-trough decline	-57.33%	-35.01%	-22.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.66%	—

Volatility

Volatility by Period

	LABX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	41.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	185.06%	102.16%	+82.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	185.06%	107.25%	+77.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	185.06%	99.05%	+86.01%

LABX vs. SOXL - Expense Ratio Comparison

LABX has a 1.30% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

LABX vs. SOXL - Dividend Comparison

LABX 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
LABX Tradr 2X Long ALAB Daily 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	0.03%	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 LABX and SOXL in my portfolio?

LABX and SOXL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LABX 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, LABX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.30% for LABX.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for LABX.

What is the main difference between LABX and SOXL?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for LABX and 0.75% for SOXL.