SMPIX vs. SOXL
Compare and contrast key facts about ProFunds Semiconductor UltraSector Fund (SMPIX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SMPIX is managed by ProFunds. It was launched on Jun 18, 2000. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMPIX or SOXL.
Key characteristics
| SMPIX | SOXL | |
|---|---|---|
| YTD Return | 114.30% | -4.93% |
| 1Y Return | 143.18% | 35.13% |
| 3Y Return (Ann) | 35.21% | -21.83% |
| 5Y Return (Ann) | 49.18% | 14.52% |
| 10Y Return (Ann) | 32.61% | 32.97% |
| Sharpe Ratio | 2.56 | 0.49 |
| Sortino Ratio | 2.79 | 1.29 |
| Omega Ratio | 1.37 | 1.17 |
| Calmar Ratio | 4.11 | 0.70 |
| Martin Ratio | 11.80 | 1.61 |
| Ulcer Index | 13.05% | 30.74% |
| Daily Std Dev | 60.15% | 100.76% |
| Max Drawdown | -93.64% | -90.46% |
| Current Drawdown | -8.77% | -58.48% |
Correlation
The correlation between SMPIX and SOXL is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMPIX vs. SOXL - Performance Comparison
In the year-to-date period, SMPIX achieves a 114.30% return, which is significantly higher than SOXL's -4.93% return. Both investments have delivered pretty close results over the past 10 years, with SMPIX having a 32.61% annualized return and SOXL not far ahead at 32.97%. 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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SMPIX vs. SOXL - Expense Ratio Comparison
SMPIX has a 1.49% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
SMPIX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Semiconductor UltraSector Fund (SMPIX) 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
SMPIX vs. SOXL - Dividend Comparison
SMPIX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMPIX ProFunds Semiconductor UltraSector Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.34% | 12.90% | 0.85% | 1.17% | 0.00% | 0.00% | 1.16% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.03% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMPIX vs. SOXL - Drawdown Comparison
The maximum SMPIX drawdown since its inception was -93.64%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SMPIX and SOXL. For additional features, visit the drawdowns tool.
Volatility
SMPIX vs. SOXL - Volatility Comparison
The current volatility for ProFunds Semiconductor UltraSector Fund (SMPIX) is 13.16%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.66%. This indicates that SMPIX 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.