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.
Key characteristics
| SNAP | SOXL | |
|---|---|---|
| YTD Return | -11.10% | 21.69% |
| 1Y Return | 72.39% | 162.07% |
| 3Y Return (Ann) | -37.64% | 1.70% |
| 5Y Return (Ann) | 6.03% | 25.39% |
| Sharpe Ratio | 1.14 | 2.02 |
| Daily Std Dev | 64.00% | 84.05% |
| Max Drawdown | -90.66% | -90.46% |
| Current Drawdown | -81.89% | -46.85% |
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
In the year-to-date period, SNAP achieves a -11.10% return, which is significantly lower than SOXL's 21.69% return. 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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Risk-Adjusted Performance
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 0.44%.
| TTM | 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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.44% | 0.51% | 1.07% | 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
Snap Inc. (SNAP) and Direxion Daily Semiconductor Bull 3x Shares (SOXL) have volatilities of 28.06% and 27.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.