SNAP vs. SOXL
Compare and contrast key facts about Snap Inc. (SNAP) 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: SNAP or SOXL.
Correlation
The correlation between SNAP and SOXL is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SNAP vs. SOXL - Performance Comparison
Key characteristics
SNAP:
-0.50
SOXL:
0.09
SNAP:
-0.31
SOXL:
0.84
SNAP:
0.95
SOXL:
1.11
SNAP:
-0.39
SOXL:
0.14
SNAP:
-1.08
SOXL:
0.23
SNAP:
32.34%
SOXL:
38.83%
SNAP:
70.27%
SOXL:
101.16%
SNAP:
-90.66%
SOXL:
-90.46%
SNAP:
-87.29%
SOXL:
-52.75%
Returns By Period
In the year-to-date period, SNAP achieves a -1.95% return, which is significantly lower than SOXL's 23.36% return.
SNAP
-1.95%
-7.37%
-26.31%
-36.42%
-11.36%
N/A
SOXL
23.36%
23.76%
-33.02%
-3.66%
10.40%
32.84%
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Risk-Adjusted Performance
SNAP vs. SOXL — Risk-Adjusted Performance Rank
SNAP
SOXL
SNAP vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Snap Inc. (SNAP) 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
SNAP vs. SOXL - Dividend Comparison
SNAP has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.95%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.95% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
SNAP vs. SOXL - Drawdown Comparison
The maximum SNAP drawdown since its inception was -90.66%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SNAP and SOXL. For additional features, visit the drawdowns tool.
Volatility
SNAP vs. SOXL - Volatility Comparison
The current volatility for Snap Inc. (SNAP) is 15.85%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 25.67%. 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.