ONDL vs. SOXL
ONDL (Defiance Daily Target 2X Long ONDS ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - ONDL tracks the Ondas Holdings Inc. (ONDS) while SOXL tracks the NYSE Semiconductor Index. Both are passively managed. Their 0.39 correlation means their historical movements had little consistent relationship. ONDL charges 1.31%/yr vs 0.75%/yr for SOXL.
Performance
ONDL vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, ONDL achieves a -70.27% return, which is significantly lower than SOXL's 177.68% return.
ONDL
- 1D
- 23.89%
- 1M
- 11.86%
- 6M
- -71.29%
- YTD
- -70.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXL
- 1D
- 1.73%
- 1M
- -35.69%
- 6M
- 79.00%
- YTD
- 177.68%
- 1Y
- 384.82%
- 3Y*
- 68.44%
- 5Y*
- 20.37%
- 10Y*
- 47.85%
- ALL TIME*
- 38.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.49M | $10.59M | $22.91M | |
| $10.83B | $10.43B | $11.85B |
ONDL vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -70.27% | 30.85% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 177.68% | -4.08% |
Correlation
The correlation between ONDL and SOXL is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.39 |
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Return for Risk
ONDL vs. SOXL — Risk / Return Rank
ONDL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
ONDL vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ONDS ETF (ONDL) 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.
| ONDL | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.59 | — |
| Martin ratioReturn relative to average drawdown | — | 18.97 | — |
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Drawdowns
ONDL vs. SOXL - Drawdown Comparison
The maximum ONDL drawdown since its inception was -89.86%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ONDL and SOXL.
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Drawdown Indicators
| ONDL | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.86% | -90.46% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.42% | — |
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 | -84.65% | -61.20% | -23.45% |
Average DrawdownAverage peak-to-trough decline | -60.92% | -35.01% | -25.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 20.40% | — |
Volatility
ONDL vs. SOXL - Volatility Comparison
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Volatility by Period
| ONDL | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 50.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 114.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 209.72% | 130.75% | +78.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 209.72% | 113.25% | +96.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 209.72% | 102.14% | +107.58% |
ONDL vs. SOXL - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
ONDL vs. SOXL - Dividend Comparison
ONDL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS 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 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
ONDL and SOXL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOXL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.31% for ONDL.
SOXL has the higher dividend yield at 0.01%, compared with 0.00% for ONDL.
ONDL tracks Ondas Holdings Inc. (ONDS), while SOXL tracks NYSE Semiconductor Index. They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for ONDL and 0.75% for SOXL.
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