SOXL vs. NVDL
Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
SOXL and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOXL or NVDL.
Correlation
The correlation between SOXL and NVDL is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SOXL vs. NVDL - Performance Comparison
Key characteristics
SOXL:
-0.62
NVDL:
-0.07
SOXL:
-0.60
NVDL:
0.70
SOXL:
0.93
NVDL:
1.09
SOXL:
-0.84
NVDL:
-0.14
SOXL:
-1.38
NVDL:
-0.29
SOXL:
47.42%
NVDL:
26.96%
SOXL:
105.60%
NVDL:
112.27%
SOXL:
-90.46%
NVDL:
-56.62%
SOXL:
-77.56%
NVDL:
-55.12%
Returns By Period
The year-to-date returns for both stocks are quite close, with SOXL having a -41.42% return and NVDL slightly lower at -42.37%.
SOXL
-41.42%
-29.61%
-52.57%
-66.41%
23.30%
23.07%
NVDL
-42.37%
-25.62%
-28.99%
-7.96%
N/A
N/A
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SOXL vs. NVDL - Expense Ratio Comparison
SOXL has a 0.99% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
SOXL vs. NVDL — Risk-Adjusted Performance Rank
SOXL
NVDL
SOXL vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 2.20%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 2.20% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXL vs. NVDL - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than NVDL's maximum drawdown of -56.62%. Use the drawdown chart below to compare losses from any high point for SOXL and NVDL. For additional features, visit the drawdowns tool.
Volatility
SOXL vs. NVDL - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 31.55% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 29.56%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.