SOXL vs. BTC-USD
SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SOXL returned 58.09%/yr vs 60.03%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
SOXL vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SOXL achieves a 334.31% return, which is significantly higher than BTC-USD's -27.31% return. Both investments have delivered pretty close results over the past 10 years, with SOXL having a 58.09% annualized return and BTC-USD not far ahead at 60.03%.
SOXL
- 1D
- -30.51%
- 1M
- 3.16%
- YTD
- 334.31%
- 6M
- 292.56%
- 1Y
- 855.01%
- 3Y*
- 104.66%
- 5Y*
- 36.47%
- 10Y*
- 58.09%
BTC-USD
- 1D
- 4.53%
- 1M
- -20.68%
- YTD
- -27.31%
- 6M
- -29.64%
- 1Y
- -39.78%
- 3Y*
- 33.88%
- 5Y*
- 13.75%
- 10Y*
- 60.03%
SOXL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 334.31% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
BTC-USD Bitcoin | -27.31% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SOXL and BTC-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, SOXL and BTC-USD have become more correlated (0.35) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
SOXL vs. BTC-USD — Risk / Return Rank
SOXL
BTC-USD
SOXL vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Bitcoin (BTC-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.
| SOXL | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.18 | ||
| Sortino ratioReturn per unit of downside risk | +5.37 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.87 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 20.30 | -0.78 | +21.08 |
| Martin ratioReturn relative to average drawdown | 68.57 | -1.39 | +69.95 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.26 | -0.93 | +9.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.25 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.88 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.13 | -0.66 |
Drawdowns
SOXL vs. BTC-USD - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SOXL and BTC-USD.
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Drawdown Indicators
| SOXL | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -85.30% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -51.21% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -51.21% | -36.67% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -76.67% | -13.79% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -83.80% | -6.66% |
Current DrawdownCurrent decline from peak | -34.93% | -49.00% | +14.07% |
Average DrawdownAverage peak-to-trough decline | -35.01% | -42.31% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.85% | 34.31% | -21.46% |
Volatility
SOXL vs. BTC-USD - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 55.19% compared to Bitcoin (BTC-USD) at 11.87%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than BTC-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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.19% | 11.87% | +43.32% |
Volatility (6M)Calculated over the trailing 6-month period | 89.77% | 34.58% | +55.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.94% | 35.72% | +71.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.10% | 44.96% | +63.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.53% | 56.71% | +42.82% |
Frequently Asked Questions
SOXL and BTC-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (55.19%) compared to BTC-USD (11.87%). In terms of maximum drawdown, SOXL dropped -90.46% vs BTC-USD's -85.30%.
SOXL currently has the higher Sharpe Ratio (8.26 vs -0.93), 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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