PATX vs. SOXL

Last updated Jul 17, 2026

PATX (Tradr 2X Long PATH Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - PATX tracks the UiPath, Inc. (PATH) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. At a correlation of -0.13, they often move in opposite directions. PATX charges 1.49%/yr vs 0.75%/yr for SOXL.

Performance

PATX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long PATH Daily ETF (PATX) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PATX

• 1D: 1.61%
• 1M: 27.84%
• 6M: -48.00%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -13.94%
• 1M: -37.01%
• 6M: 145.32%
• YTD: 239.00%
• 1Y: 427.27%
• 3Y*: 72.95%
• 5Y*: 31.92%
• 10Y*: 53.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PATX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
PATX Tradr 2X Long PATH Daily ETF	-61.98%
SOXL Direxion Daily Semiconductor Bull 3X ETF	160.71%

Correlation

The correlation between PATX and SOXL is -0.13, 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 (All Time) Calculated using the full available price history since Jan 13, 2026	-0.13

Return for Risk

PATX vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PATX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXL

SOXL Risk / Return Rank: 91
SOXL Sharpe Ratio Rank: 97
SOXL Sortino Ratio Rank: 81
SOXL Omega Ratio Rank: 84
SOXL Calmar Ratio Rank: 97
SOXL Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PATX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PATH Daily ETF (PATX) 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.

	PATX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.45	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	8.19	—
Martin ratio: Return relative to average drawdown	—	26.43	—

Drawdowns

PATX vs. SOXL - Drawdown Comparison

The maximum PATX drawdown since its inception was -74.56%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for PATX and SOXL.

Drawdown Indicators

	PATX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-74.56%	-90.46%	+15.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.63%	—
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 Drawdown Current decline from peak	-61.98%	-52.63%	-9.35%
Average Drawdown Average peak-to-trough decline	-60.78%	-34.95%	-25.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.27%	—

Volatility

Volatility by Period

	PATX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	60.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	109.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	116.56%	124.91%	-8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.56%	112.01%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.56%	101.43%	+15.13%

PATX vs. SOXL - Expense Ratio Comparison

PATX has a 1.49% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

PATX vs. SOXL - Dividend Comparison

PATX 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
PATX Tradr 2X Long PATH Daily 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

Can I hold both PATX and SOXL in my portfolio?

PATX and SOXL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PATX or SOXL?

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.

Which ETF is cheaper, PATX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.49% for PATX.

Which ETF pays a higher dividend yield, PATX or SOXL?

SOXL has the higher dividend yield at 0.01%, compared with 0.00% for PATX.

What is the main difference between PATX and SOXL?

PATX tracks UiPath, Inc. (PATH), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for PATX and 0.75% for SOXL.