NVDU vs. SOXS
NVDU (Direxion Daily NVDA Bull 2X Shares ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - NVDU is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). NVDU is actively managed, while SOXS is passively managed. Over the past year, NVDU returned 90.38% vs -97.52% for SOXS. At a correlation of -0.66, they often move in opposite directions. NVDU charges 1.04%/yr vs 1.08%/yr for SOXS.
Performance
NVDU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, NVDU achieves a 24.68% return, which is significantly higher than SOXS's -91.63% return.
NVDU
- 1D
- 3.97%
- 1M
- 21.27%
- YTD
- 24.68%
- 6M
- 26.89%
- 1Y
- 90.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
NVDU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 24.68% | 33.65% | 289.29% | 9.96% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -59.55% | -41.99% |
Correlation
The correlation between NVDU and SOXS is -0.52, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | -0.66 |
The correlation between NVDU and SOXS shifts across timeframes, from -0.66 (all time) to -0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NVDU vs. SOXS — Risk / Return Rank
NVDU
SOXS
NVDU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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.
| NVDU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +5.78 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.59 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | -1.00 | +3.15 |
| Martin ratioReturn relative to average drawdown | 4.90 | -1.43 | +6.33 |
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
| NVDU | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | -0.96 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | -0.79 | +1.96 |
Drawdowns
NVDU vs. SOXS - Drawdown Comparison
The maximum NVDU drawdown since its inception was -67.27%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NVDU and SOXS.
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Drawdown Indicators
| NVDU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -100.00% | +32.73% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -97.68% | +55.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -15.08% | -100.00% | +84.92% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -92.61% | +73.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.50% | 68.11% | -49.61% |
Volatility
NVDU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) is 24.76%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. This indicates that NVDU experiences smaller price fluctuations and is considered to be less risky 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
| NVDU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.76% | 44.24% | -19.48% |
Volatility (6M)Calculated over the trailing 6-month period | 50.62% | 84.19% | -33.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.91% | 102.19% | -34.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.02% | 108.21% | -17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.02% | 100.48% | -9.46% |
NVDU vs. SOXS - Expense Ratio Comparison
NVDU has a 1.04% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
NVDU vs. SOXS - Dividend Comparison
NVDU's dividend yield for the trailing twelve months is around 4.65%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 4.65% | 5.68% | 16.85% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
NVDU and SOXS have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to NVDU (24.76%). In terms of maximum drawdown, NVDU dropped -67.27% vs SOXS's -100.00%.
On 1-year performance, NVDU leads with 90.38% vs -97.52% for SOXS. On fees, NVDU is cheaper at 1.04% per year. On volatility, NVDU has been the lower-risk option at 24.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDU has performed better with a 90.38% return vs -97.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVDU is cheaper with a 1.04% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.53%, compared with 4.65% for NVDU.
NVDU is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 1.04% for NVDU and 1.08% for SOXS.
NVDU currently has the higher Sharpe Ratio (1.34 vs -0.95), 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.
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