SMX vs. SOXL
Compare and contrast key facts about SMX (Security Matters) Public Limited Company (SMX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
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: SMX or SOXL.
Correlation
The correlation between SMX and SOXL is -0.00. 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.
Performance
SMX vs. SOXL - Performance Comparison
Key characteristics
SMX:
-0.33
SOXL:
-0.20
SMX:
-1.22
SOXL:
0.42
SMX:
0.86
SOXL:
1.05
SMX:
-1.00
SOXL:
-0.31
SMX:
-1.23
SOXL:
-0.48
SMX:
80.84%
SOXL:
42.43%
SMX:
303.43%
SOXL:
103.74%
SMX:
-100.00%
SOXL:
-90.46%
SMX:
-100.00%
SOXL:
-59.59%
Returns By Period
In the year-to-date period, SMX achieves a -82.38% return, which is significantly lower than SOXL's 5.49% return.
SMX
-82.38%
-33.41%
-97.12%
-99.60%
N/A
N/A
SOXL
5.49%
-18.04%
-28.36%
-29.87%
9.39%
28.82%
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Risk-Adjusted Performance
SMX vs. SOXL — Risk-Adjusted Performance Rank
SMX
SOXL
SMX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SMX (Security Matters) Public Limited Company (SMX) 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
SMX vs. SOXL - Dividend Comparison
SMX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.11%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMX SMX (Security Matters) Public Limited Company | 0.00% | 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 Shares | 1.11% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
SMX vs. SOXL - Drawdown Comparison
The maximum SMX drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SMX and SOXL. For additional features, visit the drawdowns tool.
Volatility
SMX vs. SOXL - Volatility Comparison
SMX (Security Matters) Public Limited Company (SMX) has a higher volatility of 38.81% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 32.65%. This indicates that SMX's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.