MSII vs. SOXL

Last updated Jun 24, 2026

MSII (REX MSTR Growth & Income ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. MSII is actively managed, while SOXL is passively managed. Over the past year, MSII returned -70.57% vs 976.09% for SOXL. At a 0.39 correlation, their price movements are largely independent. MSII charges 0.99%/yr vs 0.75%/yr for SOXL.

Performance

MSII vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -28.10% return, which is significantly lower than SOXL's 450.61% return.

MSII

• 1D: 0.00%
• 1M: -30.37%
• YTD: -28.10%
• 6M: -30.19%
• 1Y: -70.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -23.06%
• 1M: 21.44%
• YTD: 450.61%
• 6M: 429.57%
• 1Y: 976.09%
• 3Y*: 120.84%
• 5Y*: 42.16%
• 10Y*: 64.56%

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

MSII vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%
SOXL Direxion Daily Semiconductor Bull 3X ETF	450.61%	130.47%

Correlation

The correlation between MSII and SOXL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.39

Return for Risk

MSII vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSII

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

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 92
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

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.

MSII vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) 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.

	MSII	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	8.45	-9.43
Sortino ratio: Return per unit of downside risk	-1.76	4.03	-5.80
Omega ratio: Gain probability vs. loss probability	0.79	1.58	-0.78
Calmar ratio: Return relative to maximum drawdown	-0.90	22.69	-23.59
Martin ratio: Return relative to average drawdown	-1.28	72.83	-74.11

MSII vs. SOXL - Sharpe Ratio Comparison

The current MSII Sharpe Ratio is -0.98, which is lower than the SOXL Sharpe Ratio of 8.45. The chart below compares the historical Sharpe Ratios of MSII and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSII vs. SOXL - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MSII and SOXL.

Drawdown Indicators

	MSII	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-90.46%	+11.73%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	-43.47%	-35.26%
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	-76.65%	-23.06%	-53.59%
Average Drawdown Average peak-to-trough decline	-47.49%	-34.95%	-12.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.34%	13.52%	+41.82%

Volatility

MSII vs. SOXL - Volatility Comparison

The current volatility for REX MSTR Growth & Income ETF (MSII) is 21.17%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. This indicates that MSII experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSII	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.17%	68.39%	-47.22%
Volatility (6M) Calculated over the trailing 6-month period	56.72%	99.84%	-43.12%
Volatility (1Y) Calculated over the trailing 1-year period	71.96%	116.79%	-44.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.62%	110.35%	-39.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.62%	100.62%	-30.00%

MSII vs. SOXL - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

MSII vs. SOXL - Dividend Comparison

MSII's dividend yield for the trailing twelve months is around 97.58%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSII REX MSTR Growth & Income ETF	97.58%	48.93%	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	0.03%	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 MSII and SOXL in my portfolio?

MSII and SOXL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSII or SOXL?

SOXL has higher volatility (68.39%) compared to MSII (21.17%). In terms of maximum drawdown, MSII dropped -78.73% vs SOXL's -90.46%.

Which ETF is better, MSII or SOXL?

On 1-year performance, SOXL leads with 976.09% vs -70.57% for MSII. On fees, SOXL is cheaper at 0.75% per year. On volatility, MSII has been the lower-risk option at 21.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSII or SOXL?

Over the 1-year period, SOXL has performed better with a 976.09% return vs -70.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSII or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.99% for MSII.

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

MSII has the higher dividend yield at 97.58%, compared with 0.03% for SOXL.

What is the main difference between MSII and SOXL?

They also come from different issuers: REX and Direxion. Their fees differ too: 0.99% for MSII and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (8.45 vs -0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.