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 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 20.01% vs -97.64% for SOXS. At a correlation of -0.63, they often move in opposite directions. QQQU charges 0.98%/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 -17.64% return, which is significantly higher than SOXS's -94.09% return.
QQQU
- 1D
- -4.93%
- 1M
- -23.60%
- YTD
- -17.64%
- 6M
- -20.69%
- 1Y
- 20.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
QQQU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | -17.64% | 32.87% | 87.67% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -85.53% | -25.73% |
Correlation
The correlation between QQQU and SOXS is -0.53, 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 | -0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.63 |
The correlation between QQQU and SOXS shifts across timeframes, from -0.63 (all time) to -0.53 (1 year), reflecting how their relationship changes across market environments.
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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.
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.
| QQQU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.64 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -1.00 | +1.55 |
| Martin ratioReturn relative to average drawdown | 1.63 | -1.51 | +3.14 |
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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% | -97.88% | +61.59% |
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 | -26.44% | -100.00% | +73.56% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -92.61% | +79.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.32% | 64.48% | -52.16% |
Volatility
QQQU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is 14.99%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 65.23%. 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 | 14.99% | 65.23% | -50.24% |
Volatility (6M)Calculated over the trailing 6-month period | 31.22% | 100.97% | -69.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.47% | 117.61% | -76.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.24% | 111.53% | -58.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.24% | 102.14% | -48.90% |
QQQU vs. SOXS - Expense Ratio Comparison
QQQU has a 0.98% 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 11.59%, less than SOXS's 62.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 11.59% | 9.62% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 62.55% | 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 -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (65.23%) compared to QQQU (14.99%). In terms of maximum drawdown, QQQU dropped -53.70% vs SOXS's -100.00%.
On 1-year performance, QQQU leads with 20.01% vs -97.64% for SOXS. On fees, QQQU is cheaper at 0.98% per year. On volatility, QQQU has been the lower-risk option at 14.99%. 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 20.01% return vs -97.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQU is cheaper with a 0.98% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 62.55%, compared with 11.59% for QQQU.
QQQU is categorized as Leveraged Equities, while SOXS is Inverse Equities. QQQU tracks Indxx Magnificent 7 Index (200%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.98% for QQQU and 1.08% for SOXS.
QQQU currently has the higher Sharpe Ratio (0.48 vs -0.83), 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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