SCO vs. SOXL
Compare and contrast key facts about ProShares UltraShort Bloomberg Crude Oil (SCO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SCO and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCO is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). It was launched on Nov 24, 2008. 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. Both SCO and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCO or SOXL.
Key characteristics
| SCO | SOXL | |
|---|---|---|
| YTD Return | -18.86% | 24.21% |
| 1Y Return | -42.17% | 188.35% |
| 3Y Return (Ann) | -47.10% | 5.26% |
| 5Y Return (Ann) | -44.26% | 25.36% |
| 10Y Return (Ann) | -24.73% | 40.85% |
| Sharpe Ratio | -0.88 | 2.16 |
| Daily Std Dev | 48.10% | 84.95% |
| Max Drawdown | -99.50% | -90.46% |
| Current Drawdown | -99.43% | -45.75% |
Correlation
The correlation between SCO and SOXL is -0.25. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SCO vs. SOXL - Performance Comparison
In the year-to-date period, SCO achieves a -18.86% return, which is significantly lower than SOXL's 24.21% return. Over the past 10 years, SCO has underperformed SOXL with an annualized return of -24.73%, while SOXL has yielded a comparatively higher 40.85% 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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SCO vs. SOXL - Expense Ratio Comparison
SCO has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
SCO vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) 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
SCO vs. SOXL - Dividend Comparison
SCO has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SCO ProShares UltraShort Bloomberg Crude Oil | 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 | 0.43% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
SCO vs. SOXL - Drawdown Comparison
The maximum SCO drawdown since its inception was -99.50%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SCO and SOXL. For additional features, visit the drawdowns tool.
Volatility
SCO vs. SOXL - Volatility Comparison
The current volatility for ProShares UltraShort Bloomberg Crude Oil (SCO) is 8.36%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.71%. This indicates that SCO 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.