MULL vs. SOXS
Compare and contrast key facts about GraniteShares 2x Long MU Daily ETF (MULL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
MULL and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MULL is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010.
Performance
MULL vs. SOXS - Performance Comparison
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MULL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 40.10% | 558.51% | -40.10% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -41.64% | -85.53% | 6.24% |
Returns By Period
In the year-to-date period, MULL achieves a 40.10% return, which is significantly higher than SOXS's -41.64% return.
MULL
- 1D
- 18.15%
- 1M
- -25.99%
- YTD
- 40.10%
- 6M
- 196.67%
- 1Y
- 845.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -9.03%
- 1M
- 2.04%
- YTD
- -41.64%
- 6M
- -62.23%
- 1Y
- -93.50%
- 3Y*
- -76.69%
- 5Y*
- -70.08%
- 10Y*
- -74.65%
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MULL vs. SOXS - Expense Ratio Comparison
MULL has a 1.50% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Return for Risk
MULL vs. SOXS — Risk / Return Rank
MULL
SOXS
MULL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MU Daily ETF (MULL) 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.
| MULL | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.53 | -0.78 | +7.31 |
Sortino ratioReturn per unit of downside risk | 3.77 | -2.06 | +5.82 |
Omega ratioGain probability vs. loss probability | 1.50 | 0.74 | +0.76 |
Calmar ratioReturn relative to maximum drawdown | 16.69 | -0.97 | +17.66 |
Martin ratioReturn relative to average drawdown | 46.83 | -1.09 | +47.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MULL | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.53 | -0.78 | +7.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | -0.76 | +2.67 |
Correlation
The correlation between MULL and SOXS is -0.76. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MULL vs. SOXS - Dividend Comparison
MULL's dividend yield for the trailing twelve months is around 0.28%, less than SOXS's 9.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 0.28% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 9.25% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Drawdowns
MULL vs. SOXS - Drawdown Comparison
The maximum MULL drawdown since its inception was -72.29%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MULL and SOXS.
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Drawdown Indicators
| MULL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.29% | -100.00% | +27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -53.09% | -96.52% | +43.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -39.05% | -100.00% | +60.95% |
Average DrawdownAverage peak-to-trough decline | -21.99% | -92.53% | +70.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 85.61% | -66.69% |
Volatility
MULL vs. SOXS - Volatility Comparison
GraniteShares 2x Long MU Daily ETF (MULL) has a higher volatility of 47.87% compared to Direxion Daily Semiconductor Bear 3x Shares (SOXS) at 39.00%. This indicates that MULL's price experiences larger fluctuations and is considered to be riskier than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MULL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.87% | 39.00% | +8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 99.70% | 79.00% | +20.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.90% | 120.15% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.06% | 106.42% | +23.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.06% | 99.19% | +30.87% |