SOXL vs. BIL
SOXL (Direxion Daily Semiconductor Bull 3X ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 10 years, SOXL returned 60.48%/yr vs 2.19%/yr for BIL. At a 0.01 correlation, their price movements are largely independent. SOXL charges 0.75%/yr vs 0.14%/yr for BIL.
Performance
SOXL vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, SOXL achieves a 379.85% return, which is significantly higher than BIL's 1.54% return. Over the past 10 years, SOXL has outperformed BIL with an annualized return of 60.48%, while BIL has yielded a comparatively lower 2.19% annualized return.
SOXL
- 1D
- -4.62%
- 1M
- 13.98%
- YTD
- 379.85%
- 6M
- 322.01%
- 1Y
- 883.37%
- 3Y*
- 109.44%
- 5Y*
- 39.72%
- 10Y*
- 60.48%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.54%
- 6M
- 1.76%
- 1Y
- 3.86%
- 3Y*
- 4.62%
- 5Y*
- 3.42%
- 10Y*
- 2.19%
SOXL vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 379.85% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.54% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between SOXL and BIL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.01 |
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Return for Risk
SOXL vs. BIL — Risk / Return Rank
SOXL
BIL
SOXL vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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 | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.21 | ||
| Sortino ratioReturn per unit of downside risk | -169.57 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 87.66 | -86.07 |
| Calmar ratioReturn relative to maximum drawdown | 20.53 | 354.31 | -333.79 |
| Martin ratioReturn relative to average drawdown | 68.18 | 2,809.54 | -2,741.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXL | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.27 | 19.48 | -11.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 13.23 | -12.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 8.57 | -7.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 2.78 | -2.30 |
Drawdowns
SOXL vs. BIL - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SOXL and BIL.
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Drawdown Indicators
| SOXL | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -0.78% | -89.68% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -0.01% | -43.46% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -0.01% | -87.87% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -0.09% | -90.37% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -0.21% | -90.25% |
Current DrawdownCurrent decline from peak | -28.11% | 0.00% | -28.11% |
Average DrawdownAverage peak-to-trough decline | -35.00% | -0.26% | -34.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.06% | 0.00% | +13.06% |
Volatility
SOXL vs. BIL - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 54.53% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXL | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.53% | 0.06% | +54.47% |
Volatility (6M)Calculated over the trailing 6-month period | 90.87% | 0.14% | +90.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.07% | 0.20% | +107.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.37% | 0.26% | +108.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.68% | 0.26% | +99.42% |
SOXL vs. BIL - Expense Ratio Comparison
SOXL has a 0.75% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
SOXL vs. BIL - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.04%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.04% | 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 BIL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (54.53%) compared to BIL (0.06%). In terms of maximum drawdown, SOXL dropped -90.46% vs BIL's -0.78%.
On 10-year performance, SOXL leads with 60.48% vs 2.19% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 60.48% return vs 2.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.75% for SOXL.
BIL has the higher dividend yield at 3.86%, compared with 0.04% for SOXL.
SOXL is categorized as Leveraged Equities, while BIL is Government Bonds. SOXL tracks ICE Semiconductor Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 0.75% for SOXL and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.48 vs 8.27), 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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