RXD vs. SOXL
RXD (ProShares UltraShort Health Care) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, RXD returned -20.50%/yr vs 68.12%/yr for SOXL. At a correlation of -0.43, they often move in opposite directions. RXD charges 0.95%/yr vs 0.75%/yr for SOXL.
Performance
RXD vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -1.40% return, which is significantly lower than SOXL's 501.02% return. Over the past 10 years, RXD has underperformed SOXL with an annualized return of -20.50%, while SOXL has yielded a comparatively higher 68.12% annualized return.
RXD
- 1D
- -3.08%
- 1M
- -9.66%
- YTD
- -1.40%
- 6M
- 0.04%
- 1Y
- -25.85%
- 3Y*
- -8.16%
- 5Y*
- -7.55%
- 10Y*
- -20.50%
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%
RXD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -1.40% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 501.02% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between RXD and SOXL is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.43 |
Over the past year, the inverse relationship between RXD and SOXL has weakened: their correlation has moved from -0.43 to -0.11, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. SOXL — Risk / Return Rank
RXD
SOXL
RXD vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.89 | ||
| Sortino ratioReturn per unit of downside risk | -5.04 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.57 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 21.57 | -22.32 |
| Martin ratioReturn relative to average drawdown | -1.12 | 68.63 | -69.75 |
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Drawdowns
RXD vs. SOXL - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.65%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for RXD and SOXL.
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Drawdown Indicators
| RXD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -90.46% | -9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -43.47% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -87.88% | +51.28% |
Max Drawdown (5Y)Largest decline over 5 years | -40.50% | -90.46% | +49.96% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | -90.46% | -0.18% |
Current DrawdownCurrent decline from peak | -99.63% | -16.01% | -83.62% |
Average DrawdownAverage peak-to-trough decline | -81.91% | -34.94% | -46.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.10% | 13.64% | +9.46% |
Volatility
RXD vs. SOXL - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 10.55%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 66.73%. This indicates that RXD 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.
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Volatility by Period
| RXD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 66.73% | -56.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.92% | 99.97% | -78.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.33% | 116.70% | -86.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 110.41% | -80.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 100.63% | -67.62% |
RXD vs. SOXL - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
RXD vs. SOXL - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.01%, while SOXL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.01% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 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
RXD and SOXL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (66.73%) compared to RXD (10.55%). In terms of maximum drawdown, RXD dropped -99.65% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 68.12% vs -20.50% for RXD. On fees, SOXL is cheaper at 0.75% per year. On volatility, RXD has been the lower-risk option at 10.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 68.12% return vs -20.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.95% for RXD.
RXD has the higher dividend yield at 3.01%, compared with 0.00% for SOXL.
RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for RXD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (8.03 vs -0.86), 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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