LOFF vs. SOXL
LOFF (Direxion Daily SpaceX Bull 2X ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion. LOFF is actively managed, while SOXL is passively managed. At a 0.23 correlation, their price movements are largely independent. LOFF charges 0.97%/yr vs 0.75%/yr for SOXL.
Performance
LOFF vs. SOXL - Performance Comparison
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Returns By Period
LOFF
- 1D
- -5.94%
- 1M
- -47.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXL
- 1D
- -13.14%
- 1M
- -40.41%
- 6M
- 122.09%
- YTD
- 225.51%
- 1Y
- 434.15%
- 3Y*
- 74.73%
- 5Y*
- 27.68%
- 10Y*
- 50.05%
- ALL TIME*
- 39.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.23M | $19.42M | $33.43M | |
| $9.63B | $10.62B | $11.32B |
LOFF vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | -60.77% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | -41.70% |
Correlation
The correlation between LOFF and SOXL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 15, 2026 | 0.23 |
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Return for Risk
LOFF vs. SOXL — Risk / Return Rank
LOFF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
LOFF vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SpaceX Bull 2X ETF (LOFF) 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.
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.
| LOFF | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.96 | — |
| Martin ratioReturn relative to average drawdown | — | 24.20 | — |
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Drawdowns
LOFF vs. SOXL - Drawdown Comparison
The maximum LOFF drawdown since its inception was -70.97%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for LOFF and SOXL.
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Drawdown Indicators
| LOFF | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -90.46% | +19.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.96% | — |
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 DrawdownCurrent decline from peak | -70.97% | -54.51% | -16.46% |
Average DrawdownAverage peak-to-trough decline | -46.12% | -34.97% | -11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.05% | — |
Volatility
LOFF vs. SOXL - Volatility Comparison
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Volatility by Period
| LOFF | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 52.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 169.72% | 126.60% | +43.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.72% | 112.28% | +57.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.72% | 101.63% | +68.09% |
LOFF vs. SOXL - Expense Ratio Comparison
LOFF has a 0.97% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
LOFF vs. SOXL - Dividend Comparison
LOFF's dividend yield for the trailing twelve months is around 0.09%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | 0.09% | 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 | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
LOFF and SOXL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.97% for LOFF.
LOFF has the higher dividend yield at 0.09%, compared with 0.01% for SOXL.
Their fees differ too: 0.97% for LOFF and 0.75% for SOXL.
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