NVDX vs. SOXL
NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. NVDX is actively managed, while SOXL is passively managed. Over the past year, NVDX returned -0.09% vs 376.55% for SOXL. Their 0.65 correlation means they have sometimes moved together and sometimes differently. NVDX charges 1.05%/yr vs 0.75%/yr for SOXL.
Performance
NVDX vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, NVDX achieves a -2.69% return, which is significantly lower than SOXL's 172.95% return.
NVDX
- 1D
- 5.58%
- 1M
- 3.93%
- 6M
- -5.82%
- YTD
- -2.69%
- 1Y
- -0.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 107.47%
SOXL
- 1D
- 0.00%
- 1M
- -36.78%
- 6M
- 85.66%
- YTD
- 172.95%
- 1Y
- 376.55%
- 3Y*
- 60.01%
- 5Y*
- 21.65%
- 10Y*
- 48.63%
- ALL TIME*
- 38.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.20M | $115.30M | $173.21M | |
| $10.60B | $10.77B | $11.72B |
NVDX vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | -2.69% | 26.24% | 384.03% | 28.06% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 172.95% | 54.91% | -12.31% | 72.16% |
Correlation
The correlation between NVDX and SOXL is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.65 |
The correlation between NVDX and SOXL has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
NVDX vs. SOXL - Sectors Allocation Comparison
Sectors
NVDX
SOXL
Technology
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
NVDX
SOXL
Basic Materials
NVDX
-
SOXL
-
Communication Services
NVDX
-
SOXL
-
Consumer Cyclical
NVDX
-
SOXL
-
Consumer Defensive
NVDX
-
SOXL
-
Energy
NVDX
-
SOXL
-
Financial Services
NVDX
-
SOXL
-
Healthcare
NVDX
-
SOXL
-
Industrials
NVDX
-
SOXL
-
Real Estate
NVDX
-
SOXL
-
Utilities
NVDX
-
SOXL
-
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Return for Risk
NVDX vs. SOXL — Risk / Return Rank
NVDX
SOXL
NVDX vs. SOXL - Risk-Adjusted Trends 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 ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDX | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.36 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 5.22 | -5.33 |
| Martin ratioReturn relative to average drawdown | -0.22 | 18.04 | -18.26 |
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Drawdowns
NVDX vs. SOXL - Drawdown Comparison
The maximum NVDX drawdown since its inception was -68.19%, 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.
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Drawdown Indicators
| NVDX | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -90.46% | +22.27% |
Max Drawdown (1Y)Largest decline over 1 year | -43.76% | -69.42% | +25.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -32.22% | -61.86% | +29.64% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -35.00% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.46% | 20.04% | +2.42% |
Volatility
NVDX vs. SOXL - Volatility Comparison
The current volatility for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) is 24.18%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. 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.
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Volatility by Period
| NVDX | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.18% | 52.68% | -28.50% |
Volatility (6M)Calculated over the trailing 6-month period | 56.63% | 115.51% | -58.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.80% | 130.99% | -58.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.85% | 113.21% | -18.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.85% | 102.11% | -7.26% |
NVDX vs. SOXL - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
NVDX vs. SOXL - Dividend Comparison
NVDX's dividend yield for the trailing twelve months is around 3.44%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 3.44% | 3.35% | 15.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
NVDX and SOXL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (52.68%) compared to NVDX (24.18%). In terms of maximum drawdown, NVDX dropped -68.19% vs SOXL's -90.46%.
On 1-year performance, SOXL leads with 376.55% vs -0.09% for NVDX. On fees, SOXL is cheaper at 0.75% per year. On volatility, NVDX has been the lower-risk option at 24.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXL has performed better with a 376.55% return vs -0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDX.
NVDX has the higher dividend yield at 3.44%, compared with 0.01% for SOXL.
They also come from different issuers: REX and Direxion. Their fees differ too: 1.05% for NVDX and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.77 vs -0.07), 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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