QPUX vs. SOXL

Last updated Jun 25, 2026

QPUX (Defiance 2X Daily Long Pure Quantum ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. QPUX is actively managed, while SOXL is passively managed. At a 0.42 correlation, their price movements are largely independent. QPUX charges 1.29%/yr vs 0.75%/yr for SOXL.

Performance

QPUX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance 2X Daily Long Pure Quantum ETF (QPUX) 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, QPUX achieves a -42.38% return, which is significantly lower than SOXL's 446.21% return.

QPUX

• 1D: -16.04%
• 1M: -43.68%
• YTD: -42.38%
• 6M: -52.28%
• 1Y: —
• 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%

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

QPUX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
QPUX Defiance 2X Daily Long Pure Quantum ETF	-42.38%	-55.09%
SOXL Direxion Daily Semiconductor Bull 3X ETF	446.21%	75.25%

Correlation

The correlation between QPUX and SOXL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.42

Return for Risk

QPUX vs. SOXL — Risk / Return Rank

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

QPUX

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

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 91
SOXL Omega Ratio Rank: 92
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.

QPUX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Quantum ETF (QPUX) 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.

	QPUX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	7.45	—
Sortino ratio: Return per unit of downside risk	—	3.87	—
Omega ratio: Gain probability vs. loss probability	—	1.56	—
Calmar ratio: Return relative to maximum drawdown	—	19.95	—
Martin ratio: Return relative to average drawdown	—	63.67	—

Drawdowns

QPUX vs. SOXL - Drawdown Comparison

The maximum QPUX drawdown since its inception was -94.73%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for QPUX and SOXL.

Drawdown Indicators

	QPUX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-90.46%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
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	-88.57%	-23.67%	-64.90%
Average Drawdown Average peak-to-trough decline	-69.08%	-34.95%	-34.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.60%	—

Volatility

Volatility by Period

	QPUX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	68.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	99.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	201.87%	116.81%	+85.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.87%	110.33%	+91.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.87%	100.60%	+101.27%

QPUX vs. SOXL - Expense Ratio Comparison

QPUX has a 1.29% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

QPUX vs. SOXL - Dividend Comparison

Neither QPUX nor SOXL has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QPUX Defiance 2X Daily Long Pure Quantum 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	0.00%	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 QPUX and SOXL in my portfolio?

QPUX and SOXL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QPUX 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, QPUX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.29% for QPUX.

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

QPUX and SOXL have nearly identical dividend yields, around 0.00%.

What is the main difference between QPUX and SOXL?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for QPUX and 0.75% for SOXL.