LOFF vs. SOXS
LOFF (Direxion Daily SpaceX Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - LOFF is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). LOFF is actively managed, while SOXS is passively managed. At a correlation of -0.23, they often move in opposite directions. LOFF charges 0.97%/yr vs 1.08%/yr for SOXS.
Performance
LOFF vs. SOXS - Performance Comparison
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Returns By Period
LOFF
- 1D
- -5.94%
- 1M
- -47.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXS
- 1D
- 12.98%
- 1M
- 26.30%
- 6M
- -87.00%
- YTD
- -91.61%
- 1Y
- -96.48%
- 3Y*
- -85.20%
- 5Y*
- -78.99%
- 10Y*
- -78.02%
- ALL TIME*
- -70.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.23M | $19.42M | $33.43M | |
| $3.07B | $2.97B | $3.16B |
LOFF vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | -60.77% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 10.43% |
Correlation
The correlation between LOFF and SOXS is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| 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. SOXS — Risk / Return Rank
LOFF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
LOFF vs. SOXS - 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 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.
| LOFF | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.99 | — |
| Martin ratioReturn relative to average drawdown | — | -1.38 | — |
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Drawdowns
LOFF vs. SOXS - Drawdown Comparison
The maximum LOFF drawdown since its inception was -70.97%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for LOFF and SOXS.
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Drawdown Indicators
| LOFF | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -100.00% | +29.03% |
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 | -70.97% | -100.00% | +29.03% |
Average DrawdownAverage peak-to-trough decline | -46.12% | -92.65% | +46.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 69.98% | — |
Volatility
LOFF vs. SOXS - Volatility Comparison
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Volatility by Period
| LOFF | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 52.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 169.72% | 128.21% | +41.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.72% | 113.55% | +56.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.72% | 103.23% | +66.49% |
LOFF vs. SOXS - Expense Ratio Comparison
LOFF has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
LOFF vs. SOXS - Dividend Comparison
LOFF's dividend yield for the trailing twelve months is around 0.09%, less than SOXS's 44.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 44.06% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
LOFF and SOXS 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, LOFF is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LOFF is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 44.06%, compared with 0.09% for LOFF.
LOFF is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 0.97% for LOFF and 1.08% for SOXS.
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