OOTO vs. SOXL
Compare and contrast key facts about Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
OOTO and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OOTO is a passively managed fund by Direxion that tracks the performance of the BlueStar Travel and Vacation Index (200%). It was launched on Jun 10, 2021. 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. Both OOTO and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OOTO or SOXL.
Key characteristics
| OOTO | SOXL | |
|---|---|---|
| YTD Return | 4.51% | 37.73% |
| 1Y Return | 26.12% | 187.77% |
| Sharpe Ratio | 0.78 | 2.48 |
| Daily Std Dev | 36.63% | 84.85% |
| Max Drawdown | -66.92% | -90.46% |
| Current Drawdown | -40.60% | -39.84% |
Correlation
The correlation between OOTO and SOXL is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OOTO vs. SOXL - Performance Comparison
In the year-to-date period, OOTO achieves a 4.51% return, which is significantly lower than SOXL's 37.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OOTO vs. SOXL - Expense Ratio Comparison
OOTO has a 1.07% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
OOTO vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) 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
OOTO vs. SOXL - Dividend Comparison
OOTO's dividend yield for the trailing twelve months is around 1.16%, more than SOXL's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OOTO Direxion Daily Travel & Vacation Bull 2X Shares | 1.16% | 0.99% | 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 | 0.39% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
OOTO vs. SOXL - Drawdown Comparison
The maximum OOTO drawdown since its inception was -66.92%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for OOTO and SOXL. For additional features, visit the drawdowns tool.
Volatility
OOTO vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) is 8.39%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.33%. This indicates that OOTO 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.