SNAP vs. SOXL

Last updated Jun 23, 2026

SNAP (Snap Inc.) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 5 years, SNAP returned -41.29%/yr vs 51.34%/yr for SOXL. At a 0.41 correlation, their price movements are largely independent.

Performance

SNAP vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Snap Inc. (SNAP) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAP achieves a -42.63% return, which is significantly lower than SOXL's 615.61% return.

SNAP

• 1D: -0.64%
• 1M: -19.06%
• YTD: -42.63%
• 6M: -41.69%
• 1Y: -42.20%
• 3Y*: -24.64%
• 5Y*: -41.29%
• 10Y*: —

SOXL

• 1D: 7.69%
• 1M: 57.83%
• YTD: 615.61%
• 6M: 595.26%
• 1Y: 1,322.96%
• 3Y*: 141.01%
• 5Y*: 51.34%
• 10Y*: 68.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNAP vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNAP Snap Inc.	-42.63%	-25.07%	-36.39%	89.16%	-80.97%	-6.07%	206.61%	196.37%	-62.29%	-39.12%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	90.26%

Correlation

The correlation between SNAP and SOXL is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Mar 2, 2017	0.41

The correlation between SNAP and SOXL shifts across timeframes, from 0.27 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SNAP vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNAP

SNAP Risk / Return Rank: 14
SNAP Sharpe Ratio Rank: 11
SNAP Sortino Ratio Rank: 13
SNAP Omega Ratio Rank: 14
SNAP Calmar Ratio Rank: 17
SNAP Martin Ratio Rank: 15

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 94
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNAP vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Snap Inc. (SNAP) and Direxion Daily Semiconductor Bull 3X ETF (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.

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.

	SNAP	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	11.72	-12.46
Sortino ratio: Return per unit of downside risk	-0.92	4.57	-5.49
Omega ratio: Gain probability vs. loss probability	0.89	1.65	-0.77
Calmar ratio: Return relative to maximum drawdown	-0.68	30.78	-31.46
Martin ratio: Return relative to average drawdown	-1.20	99.38	-100.58

SNAP vs. SOXL - Sharpe Ratio Comparison

The current SNAP Sharpe Ratio is -0.74, which is lower than the SOXL Sharpe Ratio of 11.72. The chart below compares the historical Sharpe Ratios of SNAP and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SNAP vs. SOXL - Drawdown Comparison

The maximum SNAP drawdown since its inception was -95.27%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SNAP and SOXL.

Drawdown Indicators

	SNAP	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-95.27%	-90.46%	-4.81%
Max Drawdown (1Y) Largest decline over 1 year	-62.03%	-43.47%	-18.56%
Max Drawdown (3Y) Largest decline over 3 years	-77.48%	-87.88%	+10.40%
Max Drawdown (5Y) Largest decline over 5 years	-95.27%	-90.46%	-4.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-94.43%	0.00%	-94.43%
Average Drawdown Average peak-to-trough decline	-60.11%	-34.95%	-25.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.22%	13.44%	+21.78%

Volatility

SNAP vs. SOXL - Volatility Comparison

The current volatility for Snap Inc. (SNAP) is 18.88%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 62.02%. This indicates that SNAP 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.

Volatility by Period

	SNAP	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.88%	62.02%	-43.14%
Volatility (6M) Calculated over the trailing 6-month period	43.58%	96.02%	-52.44%
Volatility (1Y) Calculated over the trailing 1-year period	57.12%	114.45%	-57.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.29%	109.85%	-33.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.83%	100.50%	-28.67%

Dividends

SNAP vs. SOXL - Dividend Comparison

SNAP has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SNAP Snap Inc.	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 ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both SNAP and SOXL in my portfolio?

SNAP and SOXL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAP or SOXL?

SOXL has higher volatility (62.02%) compared to SNAP (18.88%). In terms of maximum drawdown, SNAP dropped -95.27% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (11.72 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.