SHPU vs. SOXS
SHPU (Direxion Daily SHOP Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - SHPU is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). SHPU is actively managed, while SOXS is passively managed. At a correlation of -0.30, they often move in opposite directions. SHPU charges 1.09%/yr vs 1.08%/yr for SOXS.
Performance
SHPU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, SHPU achieves a -63.07% return, which is significantly higher than SOXS's -94.09% return.
SHPU
- 1D
- -4.90%
- 1M
- 8.87%
- YTD
- -63.07%
- 6M
- -66.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
SHPU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | -63.07% | 8.74% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -59.16% |
Correlation
The correlation between SHPU and SOXS is -0.30, 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 (All Time) Calculated using the full available price history since Aug 6, 2025 | -0.30 |
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Return for Risk
SHPU vs. SOXS — Risk / Return Rank
SHPU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
SHPU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| SHPU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.64 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.00 | — |
| Martin ratioReturn relative to average drawdown | — | -1.51 | — |
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Drawdowns
SHPU vs. SOXS - Drawdown Comparison
The maximum SHPU drawdown since its inception was -77.97%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SHPU and SOXS.
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Drawdown Indicators
| SHPU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -100.00% | +22.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -71.28% | -100.00% | +28.72% |
Average DrawdownAverage peak-to-trough decline | -38.89% | -92.61% | +53.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 64.48% | — |
Volatility
SHPU vs. SOXS - Volatility Comparison
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Volatility by Period
| SHPU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 65.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 100.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 109.61% | 117.61% | -8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.61% | 111.53% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.61% | 102.14% | +7.47% |
SHPU vs. SOXS - Expense Ratio Comparison
SHPU has a 1.09% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
SHPU vs. SOXS - Dividend Comparison
SHPU's dividend yield for the trailing twelve months is around 56.18%, less than SOXS's 62.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | 56.18% | 20.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 62.55% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
SHPU and SOXS have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOXS is cheaper at 1.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.09% for SHPU.
SOXS has the higher dividend yield at 62.55%, compared with 56.18% for SHPU.
SHPU is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 1.09% for SHPU and 1.08% for SOXS.
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