PLTD vs. SOXL

Last updated Apr 17, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3x Shares) are both exchange-traded funds — PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while SOXL is a Leveraged Equities fund tracking the PHLX Semiconductor Index (300%). Both are passively managed. Over the past year, PLTD returned -46.69% vs 849.41% for SOXL. At -0.44, they often move in opposite directions. PLTD charges 0.98%/yr vs 0.99%/yr for SOXL.

Performance

PLTD vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTD achieves a 16.59% return, which is significantly lower than SOXL's 110.25% return.

PLTD

• 1D: -0.39%
• 1M: 5.98%
• YTD: 16.59%
• 6M: 12.76%
• 1Y: -46.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 2.80%
• 1M: 60.82%
• YTD: 110.25%
• 6M: 117.82%
• 1Y: 849.41%
• 3Y*: 79.54%
• 5Y*: 16.33%
• 10Y*: 49.28%

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

PLTD vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTD Direxion Daily PLTR Bear 1X Shares	16.59%	-70.53%	-5.12%
SOXL Direxion Daily Semiconductor Bull 3x Shares	110.25%	54.91%	-5.95%

Correlation

The correlation between PLTD and SOXL is -0.35, 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 (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	-0.44

Return for Risk

PLTD vs. SOXL — Risk / Return Rank

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

PLTD

PLTD Risk / Return Rank: 2
PLTD Sharpe Ratio Rank: 1
PLTD Sortino Ratio Rank: 1
PLTD Omega Ratio Rank: 2
PLTD Calmar Ratio Rank: 2
PLTD Martin Ratio Rank: 2

SOXL

SOXL Risk / Return Rank: 95
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 91
SOXL Omega Ratio Rank: 91
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

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.

PLTD vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.

	PLTD	SOXL	Difference
Sharpe ratio Return per unit of total volatility	-0.88	8.97	-9.85
Sortino ratio Return per unit of downside risk	-1.32	4.53	-5.84
Omega ratio Gain probability vs. loss probability	0.85	1.62	-0.77
Calmar ratio Return relative to maximum drawdown	-0.78	17.18	-17.96
Martin ratio Return relative to average drawdown	-1.00	58.77	-59.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTD vs. SOXL - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is -0.88, which is lower than the SOXL Sharpe Ratio of 8.97. The chart below compares the historical Sharpe Ratios of PLTD and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTD	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	8.97	-9.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.89	0.41	-1.30

Drawdowns

PLTD vs. SOXL - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for PLTD and SOXL.

Drawdown Indicators

	PLTD	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-90.46%	+13.12%
Max Drawdown (1Y) Largest decline over 1 year	-60.37%	-43.47%	-16.90%
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	-70.14%	0.00%	-70.14%
Average Drawdown Average peak-to-trough decline	-58.39%	-35.27%	-23.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.14%	12.71%	+34.43%

Volatility

PLTD vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily PLTR Bear 1X Shares (PLTD) is 17.67%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 36.45%. This indicates that PLTD 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.

Volatility by Period

	PLTD	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	36.45%	-18.78%
Volatility (6M) Calculated over the trailing 6-month period	37.67%	76.54%	-38.87%
Volatility (1Y) Calculated over the trailing 1-year period	53.58%	97.51%	-43.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.34%	105.79%	-41.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.34%	97.93%	-33.59%

PLTD vs. SOXL - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is lower than SOXL's 0.99% expense ratio.

Dividends

PLTD vs. SOXL - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 3.17%, more than SOXL's 0.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PLTD Direxion Daily PLTR Bear 1X Shares	3.17%	5.17%	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	0.09%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%