QQQU vs. SOXS
QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - QQQU is a Leveraged Equities fund tracking the The Indxx Magnificent 7 Index (200%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past year, QQQU returned 62.95% vs -97.52% for SOXS. At a correlation of -0.64, they often move in opposite directions. QQQU charges 1.07%/yr vs 1.08%/yr for SOXS.
Performance
QQQU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, QQQU achieves a 6.21% return, which is significantly higher than SOXS's -91.63% return.
QQQU
- 1D
- 2.17%
- 1M
- 5.86%
- YTD
- 6.21%
- 6M
- 4.73%
- 1Y
- 62.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
QQQU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 6.21% | 32.87% | 81.85% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -17.10% |
Correlation
The correlation between QQQU and SOXS is -0.55, 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 | -0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | -0.64 |
The correlation between QQQU and SOXS has been stable across timeframes, ranging from -0.64 to -0.55 - a consistent structural relationship.
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Return for Risk
QQQU vs. SOXS — Risk / Return Rank
QQQU
SOXS
QQQU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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.
| QQQU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +5.92 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.59 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -1.00 | +2.74 |
| Martin ratioReturn relative to average drawdown | 5.44 | -1.43 | +6.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQU | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | -0.96 | +2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | -0.79 | +1.78 |
Drawdowns
QQQU vs. SOXS - Drawdown Comparison
The maximum QQQU drawdown since its inception was -53.70%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QQQU and SOXS.
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Drawdown Indicators
| QQQU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -100.00% | +46.30% |
Max Drawdown (1Y)Largest decline over 1 year | -36.29% | -97.68% | +61.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -5.13% | -100.00% | +94.87% |
Average DrawdownAverage peak-to-trough decline | -13.33% | -92.61% | +79.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 68.11% | -56.49% |
Volatility
QQQU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is 9.51%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. This indicates that QQQU 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
| QQQU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 44.24% | -34.73% |
Volatility (6M)Calculated over the trailing 6-month period | 28.27% | 84.19% | -55.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.92% | 102.19% | -62.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.96% | 108.21% | -55.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.96% | 100.48% | -47.52% |
QQQU vs. SOXS - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
QQQU vs. SOXS - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 9.03%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 9.03% | 9.62% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
QQQU and SOXS have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to QQQU (9.51%). In terms of maximum drawdown, QQQU dropped -53.70% vs SOXS's -100.00%.
On 1-year performance, QQQU leads with 62.95% vs -97.52% for SOXS. On fees, QQQU is cheaper at 1.07% per year. On volatility, QQQU has been the lower-risk option at 9.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQU has performed better with a 62.95% return vs -97.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQU is cheaper with a 1.07% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.53%, compared with 9.03% for QQQU.
QQQU is categorized as Leveraged Equities, while SOXS is Inverse Equities. QQQU tracks The Indxx Magnificent 7 Index (200%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.07% for QQQU and 1.08% for SOXS.
QQQU currently has the higher Sharpe Ratio (1.59 vs -0.95), 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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