SOXL vs. LABU
Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).
SOXL and LABU 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. LABU is a passively managed fund by Direxion that tracks the performance of the S&P Biotechnology Select Industry Index (300%). It was launched on May 28, 2015. Both SOXL and LABU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOXL or LABU.
Performance
SOXL vs. LABU - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SOXL having a -13.13% return and LABU slightly higher at -12.87%.
SOXL
-13.13%
-22.68%
-44.81%
19.70%
14.56%
30.71%
LABU
-12.87%
-14.91%
-8.27%
58.01%
-35.19%
N/A
Key characteristics
| SOXL | LABU | |
|---|---|---|
| Sharpe Ratio | 0.13 | 0.61 |
| Sortino Ratio | 0.89 | 1.32 |
| Omega Ratio | 1.11 | 1.15 |
| Calmar Ratio | 0.19 | 0.49 |
| Martin Ratio | 0.41 | 1.79 |
| Ulcer Index | 31.83% | 26.99% |
| Daily Std Dev | 100.74% | 79.40% |
| Max Drawdown | -90.46% | -98.92% |
| Current Drawdown | -62.06% | -97.68% |
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SOXL vs. LABU - Expense Ratio Comparison
SOXL has a 0.99% expense ratio, which is lower than LABU's 1.12% expense ratio.
Correlation
The correlation between SOXL and LABU is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SOXL vs. LABU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). 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.
Dividends
SOXL vs. LABU - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 1.13%, more than LABU's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.13% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.49% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXL vs. LABU - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, smaller than the maximum LABU drawdown of -98.92%. Use the drawdown chart below to compare losses from any high point for SOXL and LABU. For additional features, visit the drawdowns tool.
Volatility
SOXL vs. LABU - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily S&P Biotech Bull 3x Shares (LABU) have volatilities of 26.83% and 25.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.