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SOXL vs. NOVO-B.CO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOXL vs. NOVO-B.CO

Last updated Jun 14, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, SOXL returned 63.20%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.18 correlation, their price movements are largely independent.

Performance

SOXL vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SOXL is traded in USD, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOXL achieves a 458.36% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, SOXL has outperformed NOVO-B.CO with an annualized return of 63.20%, while NOVO-B.CO has yielded a comparatively lower 17.63% 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%

NOVO-B.CO

1D
1.53%
1M
-5.28%
YTD
-10.15%
6M
-8.95%
1Y
-41.84%
3Y*
6.83%
5Y*
19.41%
10Y*
17.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXL vs. NOVO-B.CO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
NOVO-B.CO
Novo Nordisk A/S		-10.15%-39.54%-15.04%214.95%23.90%65.39%27.16%32.88%-10.64%58.82%

Correlation

The correlation between SOXL and NOVO-B.CO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2010

0.18

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily Semiconductor Bull 3X ETF

Novo Nordisk A/S

Often compared with SOXL:
SOXL vs. TQQQSOXL vs. SOXXSOXL vs. SOXSSOXL vs. USDSOXL vs. TECLSOXL vs. NVDLSOXL vs. SPY
Often compared with NOVO-B.CO:
NOVO-B.CO vs. SPYNOVO-B.CO vs. LLYNOVO-B.CO vs. QQQNOVO-B.CO vs. NOV.DENOVO-B.CO vs. SAABYNOVO-B.CO vs. LLY.DENOVO-B.CO vs. MONC.MI

Return for Risk

SOXL vs. NOVO-B.CO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SOXL
SOXL Risk / Return Rank: 9797
Overall Rank
SOXL Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 9494
Sortino Ratio Rank
SOXL Omega Ratio Rank: 9494
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9999
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9898
Martin Ratio Rank
NOVO-B.CO
NOVO-B.CO Risk / Return Rank: 1313
Overall Rank
NOVO-B.CO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
NOVO-B.CO Sortino Ratio Rank: 1414
Sortino Ratio Rank
NOVO-B.CO Omega Ratio Rank: 1212
Omega Ratio Rank
NOVO-B.CO Calmar Ratio Rank: 1313
Calmar Ratio Rank
NOVO-B.CO Martin Ratio Rank: 1717
Martin Ratio Rank
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. NOVO-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Novo Nordisk A/S (NOVO-B.CO). 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.

SOXLNOVO-B.CODifference
Sharpe ratioReturn per unit of total volatility
8.99
-0.77

+9.76

Sortino ratioReturn per unit of downside risk
4.23
-0.89

+5.12

Omega ratioGain probability vs. loss probability

1.60

0.88

+0.72

Calmar ratioReturn relative to maximum drawdown

22.91

-0.79

+23.70

Martin ratioReturn relative to average drawdown

74.51

-1.17

+75.68

SOXL vs. NOVO-B.CO - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 8.99, which is higher than the NOVO-B.CO Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of SOXL and NOVO-B.CO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SOXL vs. NOVO-B.CO - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than NOVO-B.CO's maximum drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for SOXL and NOVO-B.CO.

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Drawdown Indicators

SOXLNOVO-B.CODifference

Max Drawdown

Largest peak-to-trough decline

-90.46%

-74.86%

-15.60%

Max Drawdown (1Y)

Largest decline over 1 year

-43.47%

-54.48%

+11.01%

Max Drawdown (3Y)

Largest decline over 3 years

-87.88%

-74.86%

-13.02%

Max Drawdown (5Y)

Largest decline over 5 years

-90.46%

-74.86%

-15.60%

Max Drawdown (10Y)

Largest decline over 10 years

-90.46%

-74.86%

-15.60%

Current Drawdown

Current decline from peak

-16.35%

-67.88%

+51.53%

Average Drawdown

Average peak-to-trough decline

-34.99%

-12.38%

-22.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.35%

36.72%

-23.37%

Volatility

SOXL vs. NOVO-B.CO - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to Novo Nordisk A/S (NOVO-B.CO) at 12.08%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than NOVO-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SOXLNOVO-B.CODifference

Volatility (1M)

Calculated over the trailing 1-month period

58.17%

12.08%

+46.09%

Volatility (6M)

Calculated over the trailing 6-month period

93.93%

40.71%

+53.22%

Volatility (1Y)

Calculated over the trailing 1-year period

110.81%

55.70%

+55.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

108.96%

58.93%

+50.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

99.99%

45.48%

+54.51%

Dividends

SOXL vs. NOVO-B.CO - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, less than NOVO-B.CO's 4.07% yield.

PositionTTM20252024202320222021202020192018201720162015
NOVO-B.CO
Novo Nordisk A/S		4.07%3.58%1.59%1.01%2.38%2.54%4.03%4.22%5.27%4.54%7.38%2.50%
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 NOVO-B.CO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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