SOXL vs. ^SOX

Last updated Apr 3, 2026

Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and PHLX Semiconductor Index (^SOX).

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.

Performance

SOXL vs. ^SOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3x Shares (SOXL) and PHLX Semiconductor Index (^SOX). The values are adjusted to include any dividend payments, if applicable.

SOXL vs. ^SOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXL Direxion Daily Semiconductor Bull 3x Shares	25.51%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%
^SOX PHLX Semiconductor Index	10.59%	42.23%	19.27%	64.90%	-35.83%	41.16%	51.14%	60.12%	-7.81%	38.23%

Returns By Period

In the year-to-date period, SOXL achieves a 25.51% return, which is significantly higher than ^SOX's 10.59% return. Over the past 10 years, SOXL has outperformed ^SOX with an annualized return of 41.63%, while ^SOX has yielded a comparatively lower 27.77% annualized return.

SOXL

• 1D: 0.94%
• 1M: -1.25%
• YTD: 25.51%
• 6M: 34.98%
• 1Y: 225.54%
• 3Y*: 44.58%
• 5Y*: 5.09%
• 10Y*: 41.63%

^SOX

• 1D: 0.40%
• 1M: 0.88%
• YTD: 10.59%
• 6M: 18.22%
• 1Y: 81.30%
• 3Y*: 34.77%
• 5Y*: 19.31%
• 10Y*: 27.77%

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

Return for Risk

SOXL vs. ^SOX — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 89
SOXL Sharpe Ratio Rank: 87
SOXL Sortino Ratio Rank: 86
SOXL Omega Ratio Rank: 84
SOXL Calmar Ratio Rank: 96
SOXL Martin Ratio Rank: 92

^SOX

^SOX Risk / Return Rank: 94
^SOX Sharpe Ratio Rank: 93
^SOX Sortino Ratio Rank: 94
^SOX Omega Ratio Rank: 93
^SOX Calmar Ratio Rank: 96
^SOX Martin Ratio Rank: 97

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.

SOXL vs. ^SOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) and PHLX Semiconductor Index (^SOX). 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.

	SOXL	^SOX	Difference
Sharpe ratio Return per unit of total volatility	1.90	2.03	-0.13
Sortino ratio Return per unit of downside risk	2.45	2.64	-0.19
Omega ratio Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio Return relative to maximum drawdown	4.71	4.73	-0.02
Martin ratio Return relative to average drawdown	14.21	17.21	-3.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXL vs. ^SOX - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 1.90, which is comparable to the ^SOX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SOXL and ^SOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXL	^SOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.03	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.54	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.83	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.37	-0.01

Correlation

The correlation between SOXL and ^SOX is 1.00, 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.

Drawdowns

SOXL vs. ^SOX - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum ^SOX drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SOXL and ^SOX.

Drawdown Indicators

	SOXL	^SOX	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-87.15%	-3.31%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	-15.65%	-27.82%
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	-46.47%	-43.99%
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	-46.47%	-43.99%
Current Drawdown Current decline from peak	-26.59%	-7.49%	-19.10%
Average Drawdown Average peak-to-trough decline	-35.33%	-39.67%	+4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.32%	4.82%	+11.50%

Volatility

SOXL vs. ^SOX - Volatility Comparison

Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 37.87% compared to PHLX Semiconductor Index (^SOX) at 12.62%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than ^SOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	^SOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.87%	12.62%	+25.25%
Volatility (6M) Calculated over the trailing 6-month period	79.76%	26.42%	+53.34%
Volatility (1Y) Calculated over the trailing 1-year period	119.50%	40.29%	+79.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.36%	35.88%	+69.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.70%	33.48%	+64.22%