LMTL vs. SOXS
LMTL (Direxion Daily LMT Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - LMTL is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). LMTL is actively managed, while SOXS is passively managed. Their 0.03 correlation means their historical movements had little consistent relationship. LMTL charges 1.07%/yr vs 1.08%/yr for SOXS.
Performance
LMTL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, LMTL achieves a 31.80% return, which is significantly higher than SOXS's -91.17% return.
LMTL
- 1D
- 3.26%
- 1M
- 12.42%
- 6M
- -21.47%
- YTD
- 31.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $1.09M | $1.04M | |
| $3.72B | $3.43B | $3.32B |
LMTL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 31.80% | 20.96% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -59.16% |
Correlation
The correlation between LMTL and SOXS is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025 | 0.03 |
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Return for Risk
LMTL vs. SOXS — Risk / Return Rank
LMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
LMTL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| LMTL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.74 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.35 | — |
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Drawdowns
LMTL vs. SOXS - Drawdown Comparison
The maximum LMTL drawdown since its inception was -49.46%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for LMTL and SOXS.
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Drawdown Indicators
| LMTL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.46% | -100.00% | +50.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -30.83% | -100.00% | +69.17% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -92.65% | +74.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 71.27% | — |
Volatility
LMTL vs. SOXS - Volatility Comparison
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Volatility by Period
| LMTL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 55.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 117.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 132.87% | -78.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.40% | 114.55% | -60.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.40% | 103.76% | -49.36% |
LMTL vs. SOXS - Expense Ratio Comparison
LMTL has a 1.07% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
LMTL vs. SOXS - Dividend Comparison
LMTL's dividend yield for the trailing twelve months is around 3.46%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 3.46% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
LMTL and SOXS have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LMTL is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LMTL is cheaper with a 1.07% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 3.46% for LMTL.
LMTL is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 1.07% for LMTL and 1.08% for SOXS.
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