SOXL vs. BULZ
Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ).
SOXL and BULZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. BULZ is a passively managed fund by BMO that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. Both SOXL and BULZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SOXL vs. BULZ - Performance Comparison
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SOXL vs. BULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 24.34% | 54.91% | -12.31% | 226.98% | -85.66% | 75.96% |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | -28.68% | 60.09% | 54.09% | 394.22% | -92.26% | 12.62% |
Returns By Period
In the year-to-date period, SOXL achieves a 24.34% return, which is significantly higher than BULZ's -28.68% return.
SOXL
- 1D
- 9.08%
- 1M
- -16.73%
- YTD
- 24.34%
- 6M
- 41.78%
- 1Y
- 228.78%
- 3Y*
- 42.83%
- 5Y*
- 4.90%
- 10Y*
- 41.10%
BULZ
- 1D
- 5.23%
- 1M
- -12.77%
- YTD
- -28.68%
- 6M
- -31.57%
- 1Y
- 72.81%
- 3Y*
- 59.06%
- 5Y*
- —
- 10Y*
- —
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SOXL vs. BULZ - Expense Ratio Comparison
SOXL has a 0.99% expense ratio, which is higher than BULZ's 0.95% expense ratio.
Return for Risk
SOXL vs. BULZ — Risk / Return Rank
SOXL
BULZ
SOXL vs. BULZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ). 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 | BULZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 0.79 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.58 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 4.64 | 1.43 | +3.21 |
Martin ratioReturn relative to average drawdown | 14.09 | 3.83 | +10.26 |
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 | BULZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.79 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | -0.06 | +0.43 |
Correlation
The correlation between SOXL and BULZ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SOXL vs. BULZ - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.15%, while BULZ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.15% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXL vs. BULZ - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for SOXL and BULZ.
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Drawdown Indicators
| SOXL | BULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -94.44% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -49.26% | -54.22% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | — | — |
Current DrawdownCurrent decline from peak | -27.28% | -46.52% | +19.24% |
Average DrawdownAverage peak-to-trough decline | -35.34% | -60.15% | +24.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.23% | 20.25% | -4.02% |
Volatility
SOXL vs. BULZ - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 38.35% compared to MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) at 29.26%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than BULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXL | BULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.35% | 29.26% | +9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 79.93% | 60.63% | +19.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.50% | 92.48% | +27.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.40% | 91.56% | +13.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.72% | 91.56% | +6.16% |