SHRT vs. SOXL
Compare and contrast key facts about Gotham Short Strategies ETF (SHRT) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SHRT and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHRT is an actively managed fund by Gotham. It was launched on Jul 31, 2017. 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.
Performance
SHRT vs. SOXL - Performance Comparison
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SHRT vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHRT Gotham Short Strategies ETF | -2.73% | -0.91% | -1.44% | -5.83% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 13.99% | 54.91% | -12.31% | 72.44% |
Returns By Period
In the year-to-date period, SHRT achieves a -2.73% return, which is significantly lower than SOXL's 13.99% return.
SHRT
- 1D
- -1.51%
- 1M
- 4.54%
- YTD
- -2.73%
- 6M
- -1.63%
- 1Y
- -8.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 17.95%
- 1M
- -23.67%
- YTD
- 13.99%
- 6M
- 37.51%
- 1Y
- 201.41%
- 3Y*
- 38.75%
- 5Y*
- 3.09%
- 10Y*
- 39.88%
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SHRT vs. SOXL - Expense Ratio Comparison
SHRT has a 1.35% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Return for Risk
SHRT vs. SOXL — Risk / Return Rank
SHRT
SOXL
SHRT vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Short Strategies ETF (SHRT) 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.
| SHRT | SOXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.61 | 1.70 | -2.31 |
Sortino ratioReturn per unit of downside risk | -0.84 | 2.34 | -3.18 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.34 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.49 | 4.06 | -4.55 |
Martin ratioReturn relative to average drawdown | -0.89 | 12.39 | -13.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHRT | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 1.70 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 0.35 | -0.72 |
Correlation
The correlation between SHRT and SOXL is -0.53. 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.
Dividends
SHRT vs. SOXL - Dividend Comparison
SHRT's dividend yield for the trailing twelve months is around 0.07%, less than SOXL's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SHRT Gotham Short Strategies ETF | 0.07% | 0.07% | 0.85% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.16% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Drawdowns
SHRT vs. SOXL - Drawdown Comparison
The maximum SHRT drawdown since its inception was -18.97%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SHRT and SOXL.
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Drawdown Indicators
| SHRT | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -90.46% | +71.49% |
Max Drawdown (1Y)Largest decline over 1 year | -17.65% | -49.26% | +31.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -12.77% | -33.33% | +20.56% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -35.34% | +28.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.62% | 16.14% | -6.52% |
Volatility
SHRT vs. SOXL - Volatility Comparison
The current volatility for Gotham Short Strategies ETF (SHRT) is 6.06%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 40.35%. This indicates that SHRT 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
| SHRT | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 40.35% | -34.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 79.51% | -69.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 119.21% | -104.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 105.43% | -92.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.66% | 97.70% | -85.04% |