QCMU vs. SOXL

Last updated Aug 2, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion - QCMU tracks the QUALCOMM Incorporated (QCOM) while SOXL tracks the NYSE Semiconductor Index. Both are passively managed. Over the past year, QCMU returned -29.22% vs 376.55% for SOXL. Their 0.59 correlation means they have sometimes moved together and sometimes differently. QCMU charges 1.07%/yr vs 0.75%/yr for SOXL.

Performance

QCMU vs. SOXL - Performance Comparison

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

Returns By Period

In the year-to-date period, QCMU achieves a -42.97% return, which is significantly lower than SOXL's 172.95% return.

QCMU

• 1D: -5.04%
• 1M: -31.69%
• 6M: -26.01%
• YTD: -42.97%
• 1Y: -29.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -33.95%

SOXL

• 1D: 0.00%
• 1M: -36.78%
• 6M: 85.66%
• YTD: 172.95%
• 1Y: 376.55%
• 3Y*: 60.01%
• 5Y*: 21.65%
• 10Y*: 48.63%
• ALL TIME*: 38.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QCMU Direxion Daily QCOM Bull 2X Shares	$2.68M	$2.97M	$12.33M
SOXL Direxion Daily Semiconductor Bull 3X ETF	$10.60B	$10.77B	$11.72B

QCMU vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	-42.97%	11.21%
SOXL Direxion Daily Semiconductor Bull 3X ETF	172.95%	75.54%

Correlation

The correlation between QCMU and SOXL is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.59

The correlation between QCMU and SOXL has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.

QCMU vs. SOXL - Sectors Allocation Comparison

Sectors	QCMU	SOXL
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QCMU vs. SOXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QCMU

QCMU Risk / Return Rank: 9
QCMU Sharpe Ratio Rank: 7
QCMU Sortino Ratio Rank: 14
QCMU Omega Ratio Rank: 14
QCMU Calmar Ratio Rank: 6
QCMU Martin Ratio Rank: 6

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 95
SOXL Sortino Ratio Rank: 83
SOXL Omega Ratio Rank: 85
SOXL Calmar Ratio Rank: 95
SOXL Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QCMU vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bull 2X Shares (QCMU) 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.

	QCMU	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	2.77	-3.04
Sortino ratio: Return per unit of downside risk	0.31	2.70	-2.39
Omega ratio: Gain probability vs. loss probability	1.04	1.36	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.41	5.22	-5.62
Martin ratio: Return relative to average drawdown	-0.82	18.04	-18.86

QCMU vs. SOXL - Sharpe Ratio Comparison

The current QCMU Sharpe Ratio is -0.27, which is lower than the SOXL Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of QCMU 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.

Drawdowns

QCMU vs. SOXL - Drawdown Comparison

The maximum QCMU drawdown since its inception was -68.70%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for QCMU and SOXL.

Drawdown Indicators

	QCMU	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-90.46%	+21.76%
Max Drawdown (1Y) Largest decline over 1 year	-68.70%	-69.42%	+0.72%
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	-68.70%	-61.86%	-6.84%
Average Drawdown Average peak-to-trough decline	-25.89%	-35.00%	+9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.86%	20.04%	+13.82%

Volatility

QCMU vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily QCOM Bull 2X Shares (QCMU) is 25.77%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that QCMU 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

	QCMU	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.77%	52.68%	-26.91%
Volatility (6M) Calculated over the trailing 6-month period	93.43%	115.51%	-22.08%
Volatility (1Y) Calculated over the trailing 1-year period	106.17%	130.99%	-24.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.91%	113.21%	-11.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.91%	102.11%	-0.20%

QCMU vs. SOXL - Expense Ratio Comparison

QCMU has a 1.07% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

QCMU vs. SOXL - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 4.38%, more than SOXL's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QCMU Direxion Daily QCOM Bull 2X Shares	4.38%	1.57%	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 QCMU and SOXL in my portfolio?

QCMU and SOXL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCMU or SOXL?

SOXL has higher volatility (52.68%) compared to QCMU (25.77%). In terms of maximum drawdown, QCMU dropped -68.70% vs SOXL's -90.46%.

Which ETF is better, QCMU or SOXL?

On 1-year performance, SOXL leads with 376.55% vs -29.22% for QCMU. On fees, SOXL is cheaper at 0.75% per year. On volatility, QCMU has been the lower-risk option at 25.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMU or SOXL?

Over the 1-year period, SOXL has performed better with a 376.55% return vs -29.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCMU or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.07% for QCMU.

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

QCMU has the higher dividend yield at 4.38%, compared with 0.01% for SOXL.

What is the main difference between QCMU and SOXL?

QCMU tracks QUALCOMM Incorporated (QCOM), while SOXL tracks NYSE Semiconductor Index. Their fees differ too: 1.07% for QCMU and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (2.77 vs -0.27), 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.