PLTD vs. SOXL
PLTD (Direxion Daily PLTR Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) 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 ICE Semiconductor Index. Both are passively managed. Over the past year, PLTD returned 5.29% vs 858.82% for SOXL. At a correlation of -0.37, they often move in opposite directions. PLTD charges 0.98%/yr vs 0.75%/yr for SOXL.
Performance
PLTD vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, PLTD achieves a 40.92% return, which is significantly lower than SOXL's 446.21% return.
PLTD
- 1D
- 3.03%
- 1M
- 17.18%
- YTD
- 40.92%
- 6M
- 54.26%
- 1Y
- 5.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -0.80%
- 1M
- 20.47%
- YTD
- 446.21%
- 6M
- 419.27%
- 1Y
- 858.82%
- 3Y*
- 120.25%
- 5Y*
- 42.22%
- 10Y*
- 64.42%
PLTD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 40.92% | -70.53% | -5.12% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 446.21% | 54.91% | 1.21% |
Correlation
The correlation between PLTD and SOXL is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | -0.37 |
The correlation between PLTD and SOXL shifts across timeframes, from -0.37 (all time) to -0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PLTD vs. SOXL — Risk / Return Rank
PLTD
SOXL
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 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.
| PLTD | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.56 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 19.95 | -19.82 |
| Martin ratioReturn relative to average drawdown | 0.22 | 63.67 | -63.45 |
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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.
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Drawdown Indicators
| PLTD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -90.46% | +13.12% |
Max Drawdown (1Y)Largest decline over 1 year | -39.15% | -43.47% | +4.32% |
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 | -63.91% | -23.67% | -40.24% |
Average DrawdownAverage peak-to-trough decline | -59.60% | -34.95% | -24.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.83% | 13.60% | +10.23% |
Volatility
PLTD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily PLTR Bear 1X Shares (PLTD) is 19.73%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.18%. 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.
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Volatility by Period
| PLTD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.73% | 68.18% | -48.45% |
Volatility (6M)Calculated over the trailing 6-month period | 38.05% | 99.65% | -61.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.69% | 116.81% | -65.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.24% | 110.33% | -47.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.24% | 100.60% | -37.36% |
PLTD vs. SOXL - Expense Ratio Comparison
PLTD has a 0.98% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
PLTD vs. SOXL - Dividend Comparison
PLTD's dividend yield for the trailing twelve months is around 2.49%, while SOXL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 2.49% | 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 ETF | 0.00% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
PLTD and SOXL have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (68.18%) compared to PLTD (19.73%). In terms of maximum drawdown, PLTD dropped -77.34% vs SOXL's -90.46%.
On 1-year performance, SOXL leads with 858.82% vs 5.29% for PLTD. On fees, SOXL is cheaper at 0.75% per year. On volatility, PLTD has been the lower-risk option at 19.73%. 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 858.82% return vs 5.29%. 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 0.98% for PLTD.
PLTD has the higher dividend yield at 2.49%, compared with 0.00% for SOXL.
PLTD is categorized as Inverse Equities, while SOXL is Leveraged Equities. PLTD tracks Palantir Technologies Inc. (-100%), while SOXL tracks ICE Semiconductor Index. Their fees differ too: 0.98% for PLTD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (7.45 vs 0.10), 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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