MSOX vs. SOXL

Last updated Jun 23, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. MSOX is actively managed, while SOXL is passively managed. Over the past 3 years, MSOX returned -64.41%/yr vs 141.01%/yr for SOXL. At a 0.19 correlation, their price movements are largely independent. MSOX charges 0.95%/yr vs 0.75%/yr for SOXL.

Performance

MSOX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) 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, MSOX achieves a -34.60% return, which is significantly lower than SOXL's 615.61% return.

MSOX

• 1D: -10.94%
• 1M: 6.55%
• YTD: -34.60%
• 6M: -28.54%
• 1Y: 28.79%
• 3Y*: -64.41%
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 7.69%
• 1M: 57.83%
• YTD: 615.61%
• 6M: 595.26%
• 1Y: 1,322.96%
• 3Y*: 141.01%
• 5Y*: 51.34%
• 10Y*: 68.93%

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

MSOX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSOX Advisorshares Msos 2x Daily ETF	-34.60%	-51.20%	-87.32%	-39.26%	-76.29%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	54.91%	-12.31%	226.98%	-43.82%

Correlation

The correlation between MSOX and SOXL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.19

MSOX vs. SOXL - Sectors Allocation Comparison

Sectors	MSOX	SOXL
Financial Services	181.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

MSOX vs. SOXL — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 22
MSOX Sharpe Ratio Rank: 10
MSOX Sortino Ratio Rank: 40
MSOX Omega Ratio Rank: 36
MSOX Calmar Ratio Rank: 12
MSOX Martin Ratio Rank: 11

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 94
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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.

MSOX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.

	MSOX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.13	11.72	-11.58
Sortino ratio: Return per unit of downside risk	2.01	4.57	-2.56
Omega ratio: Gain probability vs. loss probability	1.23	1.65	-0.42
Calmar ratio: Return relative to maximum drawdown	0.34	30.78	-30.44
Martin ratio: Return relative to average drawdown	0.51	99.38	-98.88

MSOX vs. SOXL - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is 0.13, which is lower than the SOXL Sharpe Ratio of 11.72. The chart below compares the historical Sharpe Ratios of MSOX 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

MSOX vs. SOXL - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MSOX and SOXL.

Drawdown Indicators

	MSOX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-90.46%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-43.47%	-41.42%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	-87.88%	-10.95%
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	-99.57%	0.00%	-99.57%
Average Drawdown Average peak-to-trough decline	-88.89%	-34.95%	-53.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.94%	13.44%	+43.50%

Volatility

MSOX vs. SOXL - Volatility Comparison

The current volatility for Advisorshares Msos 2x Daily ETF (MSOX) is 41.52%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 62.02%. This indicates that MSOX 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

	MSOX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.52%	62.02%	-20.50%
Volatility (6M) Calculated over the trailing 6-month period	132.97%	96.02%	+36.95%
Volatility (1Y) Calculated over the trailing 1-year period	220.88%	114.45%	+106.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.12%	109.85%	+58.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.12%	100.50%	+67.62%

MSOX vs. SOXL - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

MSOX vs. SOXL - Dividend Comparison

MSOX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSOX Advisorshares Msos 2x Daily ETF	0.00%	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	0.03%	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 MSOX and SOXL in my portfolio?

MSOX and SOXL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSOX or SOXL?

SOXL has higher volatility (62.02%) compared to MSOX (41.52%). In terms of maximum drawdown, MSOX dropped -99.75% vs SOXL's -90.46%.

Which ETF is better, MSOX or SOXL?

On 3-year performance, SOXL leads with 141.01% vs -64.41% for MSOX. On fees, SOXL is cheaper at 0.75% per year. On volatility, MSOX has been the lower-risk option at 41.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or SOXL?

Over the 3-year period, SOXL has performed better with a 141.01% return vs -64.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.95% for MSOX.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for MSOX.

What is the main difference between MSOX and SOXL?

They also come from different issuers: AdvisorShares and Direxion. Their fees differ too: 0.95% for MSOX and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (11.72 vs 0.13), 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.