SOXL vs. BNB-USD
SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while BNB-USD (BNB) is a cryptocurrency. Over the past 5 years, SOXL returned 43.69%/yr vs 10.55%/yr for BNB-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
SOXL vs. BNB-USD - 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 BNB-USD's -29.49% 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%
BNB-USD
- 1D
- 0.91%
- 1M
- -10.19%
- YTD
- -29.49%
- 6M
- -32.13%
- 1Y
- -7.11%
- 3Y*
- 36.86%
- 5Y*
- 10.55%
- 10Y*
- —
SOXL vs. BNB-USD - 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% | -15.99% |
BNB-USD BNB | -29.49% | 23.21% | 124.36% | 26.83% | -51.86% | 1,277.47% | 170.06% | 126.63% | -29.71% | 320.60% |
Correlation
The correlation between SOXL and BNB-USD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.18 |
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Return for Risk
SOXL vs. BNB-USD — Risk / Return Rank
SOXL
BNB-USD
SOXL vs. BNB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and BNB (BNB-USD). 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 | BNB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.12 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.02 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 22.91 | -0.13 | +23.04 |
| Martin ratioReturn relative to average drawdown | 74.51 | -0.20 | +74.71 |
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Drawdowns
SOXL vs. BNB-USD - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than BNB-USD's maximum drawdown of -79.74%. Use the drawdown chart below to compare losses from any high point for SOXL and BNB-USD.
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Drawdown Indicators
| SOXL | BNB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -79.74% | -10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -56.24% | +12.77% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -56.24% | -31.64% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -69.89% | -20.57% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | — | — |
Current DrawdownCurrent decline from peak | -16.35% | -53.42% | +37.07% |
Average DrawdownAverage peak-to-trough decline | -34.99% | -38.71% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.35% | 42.27% | -28.92% |
Volatility
SOXL vs. BNB-USD - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to BNB (BNB-USD) at 17.28%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than BNB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXL | BNB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.17% | 17.28% | +40.89% |
Volatility (6M)Calculated over the trailing 6-month period | 93.93% | 34.73% | +59.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.81% | 44.38% | +66.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.96% | 50.42% | +58.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 80.06% | +19.93% |
Frequently Asked Questions
SOXL and BNB-USD have a correlation of 0.27, 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 BNB-USD (17.28%). In terms of maximum drawdown, SOXL dropped -90.46% vs BNB-USD's -79.74%.
SOXL currently has the higher Sharpe Ratio (8.99 vs -0.13), 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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