SOXL vs. CRMG

Last updated Jun 19, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. SOXL is passively managed, while CRMG is actively managed. Over the past year, SOXL returned 1196.88% vs -73.74% for CRMG. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

SOXL vs. CRMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Leverage Shares 2X Long CRM Daily ETF (CRMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXL achieves a 564.50% return, which is significantly higher than CRMG's -71.77% return.

SOXL

• 1D: 19.43%
• 1M: 83.88%
• YTD: 564.50%
• 6M: 623.92%
• 1Y: 1,196.88%
• 3Y*: 124.34%
• 5Y*: 50.47%
• 10Y*: 65.95%

CRMG

• 1D: -4.21%
• 1M: -30.77%
• YTD: -71.77%
• 6M: -70.29%
• 1Y: -73.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXL vs. CRMG - Yearly Performance Comparison

	2026 (YTD)	2025
SOXL Direxion Daily Semiconductor Bull 3X ETF	564.50%	269.63%
CRMG Leverage Shares 2X Long CRM Daily ETF	-71.77%	-0.29%

Correlation

The correlation between SOXL and CRMG is -0.03, 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	-0.03
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.08

The correlation between SOXL and CRMG shifts across timeframes, from -0.03 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOXL vs. CRMG — 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: 94
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

CRMG

CRMG Risk / Return Rank: 1
CRMG Sharpe Ratio Rank: 1
CRMG Sortino Ratio Rank: 1
CRMG Omega Ratio Rank: 1
CRMG Calmar Ratio Rank: 1
CRMG Martin Ratio Rank: 0

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. CRMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Leverage Shares 2X Long CRM Daily ETF (CRMG). 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	CRMG	Difference
Sharpe ratio: Return per unit of total volatility	10.61	-0.97	+11.58
Sortino ratio: Return per unit of downside risk	4.44	-1.81	+6.24
Omega ratio: Gain probability vs. loss probability	1.63	0.79	+0.84
Calmar ratio: Return relative to maximum drawdown	27.84	-0.97	+28.81
Martin ratio: Return relative to average drawdown	89.88	-1.72	+91.60

SOXL vs. CRMG - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 10.61, which is higher than the CRMG Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of SOXL and CRMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOXL vs. CRMG - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than CRMG's maximum drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for SOXL and CRMG.

Drawdown Indicators

	SOXL	CRMG	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-79.35%	-11.11%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	-76.24%	+32.77%
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	—	—
Current Drawdown Current decline from peak	-0.45%	-79.35%	+78.90%
Average Drawdown Average peak-to-trough decline	-34.96%	-38.92%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.44%	42.87%	-29.43%

Volatility

SOXL vs. CRMG - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 62.74% compared to Leverage Shares 2X Long CRM Daily ETF (CRMG) at 32.19%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than CRMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	CRMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	62.74%	32.19%	+30.55%
Volatility (6M) Calculated over the trailing 6-month period	96.77%	63.62%	+33.15%
Volatility (1Y) Calculated over the trailing 1-year period	114.08%	75.98%	+38.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.76%	75.50%	+34.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.44%	75.50%	+24.94%

SOXL vs. CRMG - Expense Ratio Comparison

Both SOXL and CRMG have an expense ratio of 0.75%.

Dividends

SOXL vs. CRMG - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, while CRMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CRMG Leverage Shares 2X Long CRM Daily ETF	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	0.03%	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 CRMG in my portfolio?

SOXL and CRMG have a correlation of -0.03, 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 CRMG?

SOXL has higher volatility (62.74%) compared to CRMG (32.19%). In terms of maximum drawdown, SOXL dropped -90.46% vs CRMG's -79.35%.

Which ETF is better, SOXL or CRMG?

On 1-year performance, SOXL leads with 1196.88% vs -73.74% for CRMG. Both ETFs have the same 0.75% expense ratio. On volatility, CRMG has been the lower-risk option at 32.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXL or CRMG?

Over the 1-year period, SOXL has performed better with a 1196.88% return vs -73.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXL or CRMG?

SOXL and CRMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SOXL or CRMG?

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for CRMG.

What is the main difference between SOXL and CRMG?

They also come from different issuers: Direxion and Leverage Shares.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (10.61 vs -0.97), 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.