NVDX vs. SOXL
Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
NVDX and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023. 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: NVDX or SOXL.
Performance
NVDX vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, NVDX achieves a 497.76% return, which is significantly higher than SOXL's -8.78% return.
NVDX
497.76%
2.01%
59.16%
506.39%
N/A
N/A
SOXL
-8.78%
-17.87%
-41.36%
24.82%
15.68%
30.95%
Key characteristics
| NVDX | SOXL | |
|---|---|---|
| Sharpe Ratio | 4.55 | 0.26 |
| Sortino Ratio | 3.56 | 1.04 |
| Omega Ratio | 1.45 | 1.13 |
| Calmar Ratio | 9.26 | 0.37 |
| Martin Ratio | 24.44 | 0.80 |
| Ulcer Index | 19.42% | 32.04% |
| Daily Std Dev | 104.26% | 100.68% |
| Max Drawdown | -51.26% | -90.46% |
| Current Drawdown | -4.51% | -60.15% |
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NVDX vs. SOXL - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Correlation
The correlation between NVDX and SOXL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
NVDX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) 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
NVDX vs. SOXL - Dividend Comparison
NVDX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.08%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target 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 Shares | 1.08% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
NVDX vs. SOXL - Drawdown Comparison
The maximum NVDX drawdown since its inception was -51.26%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NVDX and SOXL. For additional features, visit the drawdowns tool.
Volatility
NVDX vs. SOXL - Volatility Comparison
The current volatility for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) is 20.89%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.45%. This indicates that NVDX 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.