QQXL vs. SOXL
QQXL (ProShares Ultra QQQ Top 30) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. QQXL is actively managed, while SOXL is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. QQXL charges 0.95%/yr vs 0.75%/yr for SOXL.
Performance
QQXL vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 29.93% return, which is significantly lower than SOXL's 501.02% return.
QQXL
- 1D
- 1.80%
- 1M
- -7.57%
- YTD
- 29.93%
- 6M
- 25.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 10.04%
- 1M
- 11.88%
- YTD
- 501.02%
- 6M
- 471.39%
- 1Y
- 928.01%
- 3Y*
- 126.70%
- 5Y*
- 44.97%
- 10Y*
- 68.12%
QQXL vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 29.93% | 9.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 501.02% | 42.90% |
Correlation
The correlation between QQXL and SOXL is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 15, 2025 | 0.81 |
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Return for Risk
QQXL vs. SOXL — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
QQXL vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
| QQXL | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.57 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 21.57 | — |
| Martin ratioReturn relative to average drawdown | — | 68.63 | — |
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Drawdowns
QQXL vs. SOXL - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for QQXL and SOXL.
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Drawdown Indicators
| QQXL | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -90.46% | +63.12% |
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 DrawdownCurrent decline from peak | -10.07% | -16.01% | +5.94% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -34.94% | +28.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.64% | — |
Volatility
QQXL vs. SOXL - Volatility Comparison
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Volatility by Period
| QQXL | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 66.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 99.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.52% | 116.70% | -76.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.52% | 110.41% | -69.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.52% | 100.63% | -60.11% |
QQXL vs. SOXL - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
QQXL vs. SOXL - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.78%, while SOXL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.78% | 0.08% | 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
QQXL and SOXL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.95% for QQXL.
QQXL has the higher dividend yield at 0.78%, compared with 0.00% for SOXL.
They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for QQXL and 0.75% for SOXL.
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