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.
Correlation
The correlation between MULN and SOXL is 0.00, 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
Key characteristics
MULN:
-0.50
SOXL:
-0.18
MULN:
-5.05
SOXL:
0.44
MULN:
0.52
SOXL:
1.06
MULN:
-1.00
SOXL:
-0.29
MULN:
-1.20
SOXL:
-0.45
MULN:
83.10%
SOXL:
42.14%
MULN:
199.03%
SOXL:
103.45%
MULN:
-100.00%
SOXL:
-90.46%
MULN:
-100.00%
SOXL:
-55.86%
Returns By Period
In the year-to-date period, MULN achieves a -90.07% return, which is significantly lower than SOXL's 15.23% return. Over the past 10 years, MULN has underperformed SOXL with an annualized return of -69.51%, while SOXL has yielded a comparatively higher 30.22% annualized return.
MULN
-90.07%
-75.17%
-99.52%
-99.99%
-90.74%
-69.51%
SOXL
15.23%
-3.14%
-24.24%
-12.88%
11.36%
30.22%
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Risk-Adjusted Performance
MULN vs. SOXL — Risk-Adjusted Performance Rank
MULN
SOXL
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 1.02%.
| TTM | 2024 | 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% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.02% | 1.18% | 0.51% | 1.08% | 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 62.84% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 31.96%. 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.