SOXL vs. BRK-B

Last updated Jun 9, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, SOXL returned 61.24%/yr vs 13.14%/yr for BRK-B. At a 0.44 correlation, their price movements are largely independent.

Performance

SOXL vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXL achieves a 403.07% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, SOXL has outperformed BRK-B with an annualized return of 61.24%, while BRK-B has yielded a comparatively lower 13.14% annualized return.

SOXL

• 1D: 15.83%
• 1M: 19.50%
• YTD: 403.07%
• 6M: 340.59%
• 1Y: 1,006.21%
• 3Y*: 112.77%
• 5Y*: 42.03%
• 10Y*: 61.24%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

SOXL vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXL Direxion Daily Semiconductor Bull 3X ETF	403.07%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between SOXL and BRK-B is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010	0.44

The correlation between SOXL and BRK-B shifts across timeframes, from -0.13 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOXL vs. BRK-B — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 93
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	9.42	-0.09	+9.52
Sortino ratio: Return per unit of downside risk	4.27	-0.03	+4.30
Omega ratio: Gain probability vs. loss probability	1.61	1.00	+0.62
Calmar ratio: Return relative to maximum drawdown	23.39	-0.14	+23.53
Martin ratio: Return relative to average drawdown	78.42	-0.30	+78.72
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. BRK-B - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 9.42, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of SOXL and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOXL	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.42	-0.09	+9.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.65	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.68	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.48	0.00

Drawdowns

SOXL vs. BRK-B - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SOXL and BRK-B.

Drawdown Indicators

	SOXL	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-53.86%	-36.60%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	-9.42%	-34.05%
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	-14.95%	-72.93%
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	-26.58%	-63.88%
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	-29.57%	-60.89%
Current Drawdown Current decline from peak	-24.63%	-9.78%	-14.85%
Average Drawdown Average peak-to-trough decline	-35.01%	-11.07%	-23.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.94%	4.49%	+8.45%

Volatility

SOXL vs. BRK-B - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 56.07% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	56.07%	3.98%	+52.09%
Volatility (6M) Calculated over the trailing 6-month period	90.69%	10.87%	+79.82%
Volatility (1Y) Calculated over the trailing 1-year period	108.13%	14.38%	+93.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.35%	17.13%	+91.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.68%	19.44%	+80.24%

Dividends

SOXL vs. BRK-B - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.04%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BRK-B Berkshire Hathaway 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 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

Can I hold both SOXL and BRK-B in my portfolio?

SOXL and BRK-B have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXL or BRK-B?

SOXL has higher volatility (56.07%) compared to BRK-B (3.98%). In terms of maximum drawdown, SOXL dropped -90.46% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (9.42 vs -0.09), 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.