SOXL vs. BABA
SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while BABA (Alibaba Group Holding Limited) is a stock. Over the past 10 years, SOXL returned 63.20%/yr vs 4.42%/yr for BABA. At a 0.43 correlation, their price movements are largely independent.
Performance
SOXL vs. BABA - Performance Comparison
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Returns By Period
In the year-to-date period, SOXL achieves a 458.36% return, which is significantly higher than BABA's -22.32% return. Over the past 10 years, SOXL has outperformed BABA with an annualized return of 63.20%, while BABA has yielded a comparatively lower 4.42% annualized return.
SOXL
- 1D
- 4.77%
- 1M
- 26.04%
- YTD
- 458.36%
- 6M
- 462.65%
- 1Y
- 1,075.10%
- 3Y*
- 110.81%
- 5Y*
- 43.69%
- 10Y*
- 63.20%
BABA
- 1D
- 0.12%
- 1M
- -19.32%
- YTD
- -22.32%
- 6M
- -26.87%
- 1Y
- 0.87%
- 3Y*
- 11.06%
- 5Y*
- -10.74%
- 10Y*
- 4.42%
SOXL vs. BABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 458.36% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
BABA Alibaba Group Holding Limited | -22.32% | 75.80% | 11.77% | -10.83% | -25.84% | -48.96% | 9.73% | 54.74% | -20.51% | 96.37% |
Correlation
The correlation between SOXL and BABA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014 | 0.43 |
The correlation between SOXL and BABA shifts across timeframes, from 0.34 (3 years) to 0.44 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SOXL vs. BABA — Risk / Return Rank
SOXL
BABA
SOXL vs. BABA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Alibaba Group Holding Limited (BABA). 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.
| SOXL | BABA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.03 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 22.91 | -0.06 | +22.97 |
| Martin ratioReturn relative to average drawdown | 74.51 | -0.12 | +74.63 |
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Drawdowns
SOXL vs. BABA - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than BABA's maximum drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for SOXL and BABA.
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Drawdown Indicators
| SOXL | BABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -80.09% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -39.94% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -39.94% | -47.94% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -72.48% | -17.98% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -80.09% | -10.37% |
Current DrawdownCurrent decline from peak | -16.35% | -62.20% | +45.85% |
Average DrawdownAverage peak-to-trough decline | -34.99% | -37.56% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.35% | 19.58% | -6.23% |
Volatility
SOXL vs. BABA - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to Alibaba Group Holding Limited (BABA) at 10.07%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXL | BABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.17% | 10.07% | +48.10% |
Volatility (6M)Calculated over the trailing 6-month period | 93.93% | 29.24% | +64.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.81% | 43.83% | +66.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.96% | 51.40% | +57.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 43.40% | +56.59% |
Dividends
SOXL vs. BABA - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.03%, less than BABA's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 0.93% | 1.36% | 1.96% | 1.29% | 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
SOXL and BABA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (58.17%) compared to BABA (10.07%). In terms of maximum drawdown, SOXL dropped -90.46% vs BABA's -80.09%.
SOXL currently has the higher Sharpe Ratio (8.99 vs -0.05), 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.
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