SKHL vs. SOXS
SKHL (Direxion Daily SK Hynix Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - SKHL is a Leveraged Equities fund tracking the SK hynix Inc. ADR, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Their -0.46 correlation means they have often moved in opposite directions in the past. SKHL charges 0.97%/yr vs 1.08%/yr for SOXS.
Performance
SKHL vs. SOXS - Performance Comparison
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Returns By Period
SKHL
- 1D
- -11.82%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXS
- 1D
- 14.45%
- 1M
- 48.28%
- 6M
- -83.23%
- YTD
- -89.77%
- 1Y
- -95.46%
- 3Y*
- -83.76%
- 5Y*
- -77.91%
- 10Y*
- -77.64%
- ALL TIME*
- -70.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.07M | $16.88M | $16.88M | |
| $3.36B | $3.07B | $3.19B |
SKHL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | -49.35% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 46.89% |
Correlation
The correlation between SKHL and SOXS is -0.46, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2026 | -0.46 |
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Return for Risk
SKHL vs. SOXS — Risk / Return Rank
SKHL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
SKHL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SK Hynix Bull 2X ETF (SKHL) 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.
| SKHL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.75 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.35 | — |
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Drawdowns
SKHL vs. SOXS - Drawdown Comparison
The maximum SKHL drawdown since its inception was -49.35%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SKHL and SOXS.
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Drawdown Indicators
| SKHL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.35% | -100.00% | +50.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.89% | — |
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 | -49.35% | -100.00% | +50.65% |
Average DrawdownAverage peak-to-trough decline | -28.05% | -92.65% | +64.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 70.49% | — |
Volatility
SKHL vs. SOXS - Volatility Comparison
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Volatility by Period
| SKHL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 50.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 235.16% | 129.33% | +105.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 235.16% | 113.78% | +121.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 235.16% | 103.34% | +131.82% |
SKHL vs. SOXS - Expense Ratio Comparison
SKHL has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
SKHL vs. SOXS - Dividend Comparison
SKHL has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 36.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 36.11% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
SKHL and SOXS have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKHL is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKHL is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 36.11%, compared with 0.00% for SKHL.
SKHL is categorized as Leveraged Equities, while SOXS is Inverse Equities. SKHL tracks SK hynix Inc. ADR, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.97% for SKHL and 1.08% for SOXS.
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