QCMU vs. SOXS
QCMU (Direxion Daily QCOM Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - QCMU is a Leveraged Equities fund tracking the QUALCOMM Incorporated (QCOM), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past year, QCMU returned -29.22% vs -96.46% for SOXS. Their -0.59 correlation means they have often moved in opposite directions in the past. QCMU charges 1.07%/yr vs 1.08%/yr for SOXS.
Performance
QCMU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, QCMU achieves a -42.97% return, which is significantly higher than SOXS's -91.17% return.
QCMU
- 1D
- -5.04%
- 1M
- -31.69%
- 6M
- -26.01%
- YTD
- -42.97%
- 1Y
- -29.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.95%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.97M | $12.33M | |
| $3.72B | $3.43B | $3.32B |
QCMU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMU Direxion Daily QCOM Bull 2X Shares | -42.97% | 11.21% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -61.19% |
Correlation
The correlation between QCMU and SOXS is -0.60, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | -0.59 |
The correlation between QCMU and SOXS has been stable across timeframes, ranging from -0.60 to -0.59 - a consistent structural relationship.
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Return for Risk
QCMU vs. SOXS — Risk / Return Rank
QCMU
SOXS
QCMU vs. SOXS - 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 Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.74 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.98 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.82 | -1.35 | +0.53 |
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Drawdowns
QCMU vs. SOXS - Drawdown Comparison
The maximum QCMU drawdown since its inception was -68.70%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QCMU and SOXS.
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Drawdown Indicators
| QCMU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.70% | -100.00% | +31.30% |
Max Drawdown (1Y)Largest decline over 1 year | -68.70% | -97.89% | +29.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -68.70% | -100.00% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -25.89% | -92.65% | +66.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.86% | 71.27% | -37.41% |
Volatility
QCMU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily QCOM Bull 2X Shares (QCMU) is 25.77%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. This indicates that QCMU experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCMU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.77% | 55.41% | -29.64% |
Volatility (6M)Calculated over the trailing 6-month period | 93.43% | 117.32% | -23.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.17% | 132.87% | -26.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.91% | 114.55% | -12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.91% | 103.76% | -1.85% |
QCMU vs. SOXS - Expense Ratio Comparison
QCMU has a 1.07% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
QCMU vs. SOXS - Dividend Comparison
QCMU's dividend yield for the trailing twelve months is around 4.38%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
QCMU and SOXS have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to QCMU (25.77%). In terms of maximum drawdown, QCMU dropped -68.70% vs SOXS's -100.00%.
On 1-year performance, QCMU leads with -29.22% vs -96.46% for SOXS. On fees, QCMU is cheaper at 1.07% 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.
Over the 1-year period, QCMU has performed better with a -29.22% return vs -96.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCMU is cheaper with a 1.07% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 4.38% for QCMU.
QCMU is categorized as Leveraged Equities, while SOXS is Inverse Equities. QCMU tracks QUALCOMM Incorporated (QCOM), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.07% for QCMU and 1.08% for SOXS.
QCMU currently has the higher Sharpe Ratio (-0.27 vs -0.73), 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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