MRVU vs. SOXS

Last updated Aug 2, 2026

MRVU (Direxion Daily MRVL Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - MRVU is a Leveraged Equities fund tracking the Marvell Technology, Inc. (MRVL), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Their -0.79 correlation means they have often moved in opposite directions in the past. MRVU charges 0.97%/yr vs 1.08%/yr for SOXS.

Performance

MRVU vs. SOXS - Performance Comparison

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

Returns By Period

MRVU

• 1D: 4.43%
• 1M: -45.83%
• 6M: —
• YTD: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MRVU Direxion Daily MRVL Bull 2X ETF	$16.13M	$21.99M	$60.26M
SOXS Direxion Daily Semiconductor Bear 3x Shares	$3.72B	$3.43B	$3.32B

MRVU vs. SOXS - Yearly Performance Comparison

	2026 (YTD)
MRVU Direxion Daily MRVL Bull 2X ETF	235.77%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-84.81%

Correlation

The correlation between MRVU and SOXS is -0.79, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	-0.79

Return for Risk

MRVU vs. SOXS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MRVU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 3
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MRVU vs. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MRVL Bull 2X ETF (MRVU) 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.

	MRVU	SOXS	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.73	—
Sortino ratio: Return per unit of downside risk	—	-2.46	—
Omega ratio: Gain probability vs. loss probability	—	0.74	—
Calmar ratio: Return relative to maximum drawdown	—	-0.98	—
Martin ratio: Return relative to average drawdown	—	-1.35	—

Drawdowns

MRVU vs. SOXS - Drawdown Comparison

The maximum MRVU drawdown since its inception was -78.62%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MRVU and SOXS.

Drawdown Indicators

	MRVU	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-78.62%	-100.00%	+21.38%
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 Drawdown Current decline from peak	-72.09%	-100.00%	+27.91%
Average Drawdown Average peak-to-trough decline	-18.27%	-92.65%	+74.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	71.27%	—

Volatility

Volatility by Period

	MRVU	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	195.44%	132.87%	+62.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.44%	114.55%	+80.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.44%	103.76%	+91.68%

MRVU vs. SOXS - Expense Ratio Comparison

MRVU has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

MRVU vs. SOXS - Dividend Comparison

MRVU's dividend yield for the trailing twelve months is around 0.49%, less than SOXS's 41.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MRVU Direxion Daily MRVL Bull 2X ETF	0.49%	0.00%	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

Can I hold both MRVU and SOXS in my portfolio?

MRVU and SOXS have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MRVU or SOXS?

On fees, MRVU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MRVU or SOXS?

MRVU is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.

Which ETF pays a higher dividend yield, MRVU or SOXS?

SOXS has the higher dividend yield at 41.84%, compared with 0.49% for MRVU.

What is the main difference between MRVU and SOXS?

MRVU is categorized as Leveraged Equities, while SOXS is Inverse Equities. MRVU tracks Marvell Technology, Inc. (MRVL), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.97% for MRVU and 1.08% for SOXS.