SE vs. SOXL

Last updated Jul 11, 2026

SE (Sea Limited) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 5 years, SE returned -16.62%/yr vs 36.53%/yr for SOXL. At a 0.43 correlation, their price movements are largely independent.

Performance

SE vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sea Limited (SE) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SE achieves a -12.88% return, which is significantly lower than SOXL's 357.44% return.

SE

• 1D: 1.86%
• 1M: 34.00%
• 6M: -16.76%
• YTD: -12.88%
• 1Y: -25.04%
• 3Y*: 23.43%
• 5Y*: -16.62%
• 10Y*: —

SOXL

• 1D: -0.10%
• 1M: -18.08%
• 6M: 256.37%
• YTD: 357.44%
• 1Y: 604.71%
• 3Y*: 100.40%
• 5Y*: 36.53%
• 10Y*: 58.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SE vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SE Sea Limited	-12.88%	20.24%	161.98%	-22.16%	-76.74%	12.39%	394.90%	255.30%	-15.08%	-17.97%
SOXL Direxion Daily Semiconductor Bull 3X ETF	357.44%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	5.11%

Correlation

The correlation between SE and SOXL is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017	0.43

Over the past year, the correlation between SE and SOXL has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

SE vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SE

SE Risk / Return Rank: 26
SE Sharpe Ratio Rank: 23
SE Sortino Ratio Rank: 23
SE Omega Ratio Rank: 24
SE Calmar Ratio Rank: 30
SE Martin Ratio Rank: 33

SOXL

SOXL Risk / Return Rank: 95
SOXL Sharpe Ratio Rank: 98
SOXL Sortino Ratio Rank: 89
SOXL Omega Ratio Rank: 90
SOXL Calmar Ratio Rank: 98
SOXL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SE vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sea Limited (SE) 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.

	SE	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	4.95	-5.45
Sortino ratio: Return per unit of downside risk	-0.46	3.29	-3.75
Omega ratio: Gain probability vs. loss probability	0.94	1.46	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.43	13.50	-13.93
Martin ratio: Return relative to average drawdown	-0.66	39.95	-40.61

SE vs. SOXL - Sharpe Ratio Comparison

The current SE Sharpe Ratio is -0.50, which is lower than the SOXL Sharpe Ratio of 4.95. The chart below compares the historical Sharpe Ratios of SE and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SE vs. SOXL - Drawdown Comparison

The maximum SE drawdown since its inception was -90.51%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SE and SOXL.

Drawdown Indicators

	SE	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-90.51%	-90.46%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-60.22%	-45.05%	-15.17%
Max Drawdown (3Y) Largest decline over 3 years	-60.22%	-87.88%	+27.66%
Max Drawdown (5Y) Largest decline over 5 years	-90.51%	-90.46%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-69.72%	-36.08%	-33.64%
Average Drawdown Average peak-to-trough decline	-44.34%	-34.94%	-9.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.01%	15.19%	+23.82%

Volatility

SE vs. SOXL - Volatility Comparison

The current volatility for Sea Limited (SE) is 12.81%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 64.81%. This indicates that SE 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.

Volatility by Period

	SE	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.81%	64.81%	-52.00%
Volatility (6M) Calculated over the trailing 6-month period	38.70%	107.31%	-68.61%
Volatility (1Y) Calculated over the trailing 1-year period	51.73%	122.83%	-71.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.29%	111.62%	-47.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.48%	101.19%	-38.71%

Dividends

SE vs. SOXL - Dividend Comparison

SE has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SE Sea Limited	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 ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both SE and SOXL in my portfolio?

SE and SOXL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SE or SOXL?

SOXL has higher volatility (64.81%) compared to SE (12.81%). In terms of maximum drawdown, SE dropped -90.51% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (4.95 vs -0.50), 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.