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.
Correlation
The correlation between RCAT and SOXL is 0.09, 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
Key characteristics
RCAT:
4.88
SOXL:
-0.72
RCAT:
3.83
SOXL:
-1.11
RCAT:
1.45
SOXL:
0.86
RCAT:
6.65
SOXL:
-0.92
RCAT:
22.98
SOXL:
-1.68
RCAT:
28.79%
SOXL:
48.12%
RCAT:
135.58%
SOXL:
111.99%
RCAT:
-99.76%
SOXL:
-90.46%
RCAT:
-96.30%
SOXL:
-87.72%
Returns By Period
In the year-to-date period, RCAT achieves a -51.98% return, which is significantly higher than SOXL's -67.93% return.
RCAT
-51.98%
14.47%
86.97%
653.36%
44.32%
N/A
SOXL
-67.93%
-60.10%
-76.06%
-79.18%
10.58%
15.65%
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Risk-Adjusted Performance
RCAT vs. SOXL — Risk-Adjusted Performance Rank
RCAT
SOXL
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 4.02%.
| TTM | 2024 | 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% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 4.02% | 1.18% | 0.51% | 1.08% | 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 -99.76%, 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 34.38%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 50.67%. 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.