SOXL vs. ETH-USD
SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, SOXL returned 63.20%/yr vs 57.05%/yr for ETH-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
SOXL vs. ETH-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 ETH-USD's -43.34% return. Over the past 10 years, SOXL has outperformed ETH-USD with an annualized return of 63.20%, while ETH-USD has yielded a comparatively lower 57.05% annualized 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%
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
SOXL vs. ETH-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% | 141.71% |
ETH-USD Ethereum | -43.34% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between SOXL and ETH-USD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.17 |
Over the past year, SOXL and ETH-USD have become more correlated (0.37) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
SOXL vs. ETH-USD — Risk / Return Rank
SOXL
ETH-USD
SOXL vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.51 | ||
| Sortino ratioReturn per unit of downside risk | +4.66 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.96 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 22.91 | -0.52 | +23.43 |
| Martin ratioReturn relative to average drawdown | 74.51 | -0.89 | +75.40 |
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Drawdowns
SOXL vs. ETH-USD - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SOXL and ETH-USD.
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Drawdown Indicators
| SOXL | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -94.01% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -67.53% | +24.06% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -67.53% | -20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -79.35% | -11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -94.01% | +3.55% |
Current DrawdownCurrent decline from peak | -16.35% | -65.20% | +48.85% |
Average DrawdownAverage peak-to-trough decline | -34.99% | -50.89% | +15.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.35% | 45.49% | -32.14% |
Volatility
SOXL vs. ETH-USD - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to Ethereum (ETH-USD) at 17.20%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.17% | 17.20% | +40.97% |
Volatility (6M)Calculated over the trailing 6-month period | 93.93% | 46.29% | +47.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.81% | 56.08% | +54.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.96% | 59.55% | +49.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 77.88% | +22.11% |
Frequently Asked Questions
SOXL and ETH-USD have a correlation of 0.37, 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 ETH-USD (17.20%). In terms of maximum drawdown, SOXL dropped -90.46% vs ETH-USD's -94.01%.
SOXL currently has the higher Sharpe Ratio (8.99 vs -0.52), 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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