RCAT vs. SOXL
Compare and contrast key facts about Red Cat Holdings, Inc. (RCAT) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RCAT or SOXL.
Key characteristics
| RCAT | SOXL | |
|---|---|---|
| YTD Return | 235.23% | 2.79% |
| 1Y Return | 213.53% | 62.59% |
| 3Y Return (Ann) | 6.12% | -11.20% |
| 5Y Return (Ann) | 5.16% | 22.11% |
| 10Y Return (Ann) | -59.21% | 33.24% |
| Sharpe Ratio | 2.14 | 0.65 |
| Daily Std Dev | 101.34% | 98.76% |
| Max Drawdown | -100.00% | -90.46% |
| Current Drawdown | -100.00% | -55.10% |
Correlation
The correlation between RCAT and SOXL is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RCAT vs. SOXL - Performance Comparison
In the year-to-date period, RCAT achieves a 235.23% return, which is significantly higher than SOXL's 2.79% return. Over the past 10 years, RCAT has underperformed SOXL with an annualized return of -59.21%, while SOXL has yielded a comparatively higher 33.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
RCAT vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) and Direxion Daily Semiconductor Bull 3x Shares (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.
Dividends
RCAT vs. SOXL - Dividend Comparison
RCAT has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RCAT Red Cat Holdings, Inc. | 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 Shares | 0.77% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
RCAT vs. SOXL - Drawdown Comparison
The maximum RCAT drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for RCAT and SOXL. For additional features, visit the drawdowns tool.
Volatility
RCAT vs. SOXL - Volatility Comparison
The current volatility for Red Cat Holdings, Inc. (RCAT) is 25.22%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 38.71%. This indicates that RCAT experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.