LLYX vs. SOXL

Last updated Jun 4, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. LLYX is actively managed, while SOXL is passively managed. Over the past year, LLYX returned 58.74% vs 1438.30% for SOXL. At a 0.19 correlation, their price movements are largely independent. LLYX charges 1.32%/yr vs 0.75%/yr for SOXL.

Performance

LLYX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) 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, LLYX achieves a -9.81% return, which is significantly lower than SOXL's 567.48% return.

LLYX

• 1D: 3.19%
• 1M: 23.54%
• YTD: -9.81%
• 6M: -3.59%
• 1Y: 58.74%
• 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)

LLYX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLYX Defiance Daily Target 2X Long LLY ETF	-9.81%	44.29%	-23.40%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	54.91%	-12.79%

Correlation

The correlation between LLYX and SOXL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024	0.19

Return for Risk

LLYX vs. SOXL — Risk / Return Rank

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

LLYX

LLYX Risk / Return Rank: 26
LLYX Sharpe Ratio Rank: 23
LLYX Sortino Ratio Rank: 28
LLYX Omega Ratio Rank: 30
LLYX Calmar Ratio Rank: 27
LLYX Martin Ratio Rank: 22

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.

LLYX vs. SOXL - Risk-Adjusted Trends Comparison

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

	LLYX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.79	14.28	-13.50
Sortino ratio: Return per unit of downside risk	1.48	5.17	-3.69
Omega ratio: Gain probability vs. loss probability	1.20	1.72	-0.52
Calmar ratio: Return relative to maximum drawdown	1.25	33.47	-32.23
Martin ratio: Return relative to average drawdown	2.68	114.79	-112.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LLYX vs. SOXL - Sharpe Ratio Comparison

The current LLYX Sharpe Ratio is 0.79, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of LLYX 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

	LLYX	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	14.28	-13.50
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	-0.00	0.52	-0.52

Drawdowns

LLYX vs. SOXL - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for LLYX and SOXL.

Drawdown Indicators

	LLYX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-90.46%	+22.48%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	-43.47%	-3.89%
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	-21.95%	0.00%	-21.95%
Average Drawdown Average peak-to-trough decline	-33.60%	-35.01%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.00%	12.65%	+9.35%

Volatility

LLYX vs. SOXL - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long LLY ETF (LLYX) is 18.20%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that LLYX 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

	LLYX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.20%	40.82%	-22.62%
Volatility (6M) Calculated over the trailing 6-month period	52.69%	81.29%	-28.60%
Volatility (1Y) Calculated over the trailing 1-year period	74.98%	102.11%	-27.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.29%	107.25%	-30.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.29%	99.04%	-22.75%

LLYX vs. SOXL - Expense Ratio Comparison

LLYX has a 1.32% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

LLYX vs. SOXL - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 3.06%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LLYX Defiance Daily Target 2X Long LLY ETF	3.06%	2.76%	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 LLYX and SOXL in my portfolio?

LLYX and SOXL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLYX or SOXL?

SOXL has higher volatility (40.82%) compared to LLYX (18.20%). In terms of maximum drawdown, LLYX dropped -67.98% vs SOXL's -90.46%.

Which ETF is better, LLYX or SOXL?

On 1-year performance, SOXL leads with 1438.30% vs 58.74% for LLYX. On fees, SOXL is cheaper at 0.75% per year. On volatility, LLYX has been the lower-risk option at 18.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLYX or SOXL?

Over the 1-year period, SOXL has performed better with a 1438.30% return vs 58.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLYX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.32% for LLYX.

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

LLYX has the higher dividend yield at 3.06%, compared with 0.03% for SOXL.

What is the main difference between LLYX and SOXL?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.32% for LLYX and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs 0.79), 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.