LMBO vs. SOXL

Last updated Jun 4, 2026

LMBO (Direxion Daily Crypto Industry Bull 2X Shares ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion - LMBO tracks the Solactive Distributed Ledger & Decentralized Payment Tech Index while SOXL tracks the ICE Semiconductor Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. LMBO charges 0.98%/yr vs 0.75%/yr for SOXL.

Performance

LMBO vs. SOXL - Performance Comparison

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

Returns By Period

LMBO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 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)

LMBO vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	-13.58%	-3.47%	-3.79%
SOXL Direxion Daily Semiconductor Bull 3X ETF	525.03%	54.91%	-46.78%

Correlation

The correlation between LMBO and SOXL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.61

The correlation between LMBO and SOXL shifts across timeframes, from 0.49 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

LMBO vs. SOXL - Sectors Allocation Comparison

Sectors	LMBO	SOXL
Financial Services	67.2%	-
Technology	32.8%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

LMBO 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.

LMBO vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) 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

	LMBO	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	—	0.51	—

Drawdowns

Drawdown Indicators

	LMBO	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.46%	—
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	—	-6.36%	—
Average Drawdown Average peak-to-trough decline	—	-35.01%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.66%	—

Volatility

Volatility by Period

	LMBO	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	—	102.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	107.25%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	99.05%	—

LMBO vs. SOXL - Expense Ratio Comparison

LMBO has a 0.98% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

LMBO vs. SOXL - Dividend Comparison

LMBO's dividend yield for the trailing twelve months is around 5.30%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	5.30%	4.71%	0.24%	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 LMBO and SOXL in my portfolio?

LMBO and SOXL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMBO 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, LMBO or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.98% for LMBO.

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

LMBO has the higher dividend yield at 5.30%, compared with 0.03% for SOXL.

What is the main difference between LMBO and SOXL?

LMBO tracks Solactive Distributed Ledger & Decentralized Payment Tech Index, while SOXL tracks ICE Semiconductor Index. Their fees differ too: 0.98% for LMBO and 0.75% for SOXL.