SOXL vs. IP
SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while IP (International Paper Company) is a stock. Over the past 10 years, SOXL returned 63.20%/yr vs 3.48%/yr for IP. At a 0.43 correlation, their price movements are largely independent.
Performance
SOXL vs. IP - 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 IP's -5.93% return. Over the past 10 years, SOXL has outperformed IP with an annualized return of 63.20%, while IP has yielded a comparatively lower 3.48% annualized return.
SOXL
- 1D
- 4.77%
- 1M
- 42.94%
- YTD
- 458.36%
- 6M
- 462.65%
- 1Y
- 1,075.10%
- 3Y*
- 110.81%
- 5Y*
- 43.69%
- 10Y*
- 63.20%
IP
- 1D
- 3.43%
- 1M
- 21.24%
- YTD
- -5.93%
- 6M
- -3.85%
- 1Y
- -17.46%
- 3Y*
- 9.44%
- 5Y*
- -5.62%
- 10Y*
- 3.48%
SOXL vs. IP - 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% |
IP International Paper Company | -5.93% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
Correlation
The correlation between SOXL and IP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.43 |
Over the past year, the correlation between SOXL and IP has dropped to 0.18 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
SOXL vs. IP — Risk / Return Rank
SOXL
IP
SOXL vs. IP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and International Paper Company (IP). 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 | IP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.45 | ||
| Sortino ratioReturn per unit of downside risk | +4.63 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.95 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 22.91 | -0.43 | +23.35 |
| Martin ratioReturn relative to average drawdown | 74.51 | -0.78 | +75.28 |
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Drawdowns
SOXL vs. IP - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum IP drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for SOXL and IP.
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Drawdown Indicators
| SOXL | IP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -90.62% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -45.52% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -48.61% | -39.27% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -48.61% | -41.85% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -55.27% | -35.19% |
Current DrawdownCurrent decline from peak | -16.35% | -35.82% | +19.47% |
Average DrawdownAverage peak-to-trough decline | -34.99% | -20.89% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.35% | 25.34% | -11.99% |
Volatility
SOXL vs. IP - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to International Paper Company (IP) at 15.74%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than IP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXL | IP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.17% | 15.74% | +42.43% |
Volatility (6M)Calculated over the trailing 6-month period | 93.93% | 32.96% | +60.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.81% | 42.63% | +68.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.96% | 32.86% | +76.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 32.35% | +67.64% |
Dividends
SOXL vs. IP - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.03%, less than IP's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.12% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
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% | 0.00% |
Frequently Asked Questions
SOXL and IP have a correlation of 0.18, 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 IP (15.74%). In terms of maximum drawdown, SOXL dropped -90.46% vs IP's -90.62%.
SOXL currently has the higher Sharpe Ratio (8.99 vs -0.46), 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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