MULN vs. SOXL
Compare and contrast key facts about Mullen Automotive, Inc. (MULN) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MULN or SOXL.
Key characteristics
| MULN | SOXL | |
|---|---|---|
| YTD Return | -70.85% | 24.21% |
| 1Y Return | -99.69% | 188.35% |
| 3Y Return (Ann) | -97.38% | 5.26% |
| 5Y Return (Ann) | -87.33% | 25.36% |
| 10Y Return (Ann) | -71.09% | 40.85% |
| Sharpe Ratio | -0.45 | 2.16 |
| Daily Std Dev | 220.47% | 84.95% |
| Max Drawdown | -100.00% | -90.46% |
| Current Drawdown | -100.00% | -45.75% |
Correlation
The correlation between MULN and SOXL is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MULN vs. SOXL - Performance Comparison
In the year-to-date period, MULN achieves a -70.85% return, which is significantly lower than SOXL's 24.21% return. Over the past 10 years, MULN has underperformed SOXL with an annualized return of -71.09%, while SOXL has yielded a comparatively higher 40.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MULN vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mullen Automotive, Inc. (MULN) and Direxion Daily Semiconductor Bull 3x Shares (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.
Dividends
MULN vs. SOXL - Dividend Comparison
MULN has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MULN Mullen Automotive, Inc. | 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 Shares | 0.43% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
MULN vs. SOXL - Drawdown Comparison
The maximum MULN drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MULN and SOXL. For additional features, visit the drawdowns tool.
Volatility
MULN vs. SOXL - Volatility Comparison
Mullen Automotive, Inc. (MULN) has a higher volatility of 81.40% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 29.71%. This indicates that MULN's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.