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.
Performance
SOXL vs. NVDL - Performance Comparison
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SOXL vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 24.34% | 54.91% | -12.31% | 226.98% | -28.80% |
NVDL GraniteShares 2x Long NVDA Daily ETF | -16.23% | 32.57% | 344.58% | 432.18% | -28.32% |
Returns By Period
In the year-to-date period, SOXL achieves a 24.34% return, which is significantly higher than NVDL's -16.23% return.
SOXL
- 1D
- 9.08%
- 1M
- -16.73%
- YTD
- 24.34%
- 6M
- 41.78%
- 1Y
- 228.78%
- 3Y*
- 42.83%
- 5Y*
- 4.90%
- 10Y*
- 41.10%
NVDL
- 1D
- 1.60%
- 1M
- -8.86%
- YTD
- -16.23%
- 6M
- -21.72%
- 1Y
- 92.71%
- 3Y*
- 118.73%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
SOXL vs. NVDL — Risk / Return Rank
SOXL
NVDL
SOXL vs. NVDL - Risk-Adjusted Trends 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.
| SOXL | NVDL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 1.14 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.90 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 4.64 | 2.30 | +2.34 |
Martin ratioReturn relative to average drawdown | 14.09 | 5.52 | +8.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXL | NVDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.14 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.59 | -1.23 |
Correlation
The correlation between SOXL and NVDL is 0.72, 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.
Dividends
SOXL vs. NVDL - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.15%, while NVDL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.15% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% | 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 -67.55%. Use the drawdown chart below to compare losses from any high point for SOXL and NVDL.
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Drawdown Indicators
| SOXL | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -67.55% | -22.91% |
Max Drawdown (1Y)Largest decline over 1 year | -49.26% | -42.23% | -7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | — | — |
Current DrawdownCurrent decline from peak | -27.28% | -34.75% | +7.47% |
Average DrawdownAverage peak-to-trough decline | -35.34% | -17.05% | -18.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.23% | 17.61% | -1.38% |
Volatility
SOXL vs. NVDL - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 38.35% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 20.66%. 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.
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Volatility by Period
| SOXL | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.35% | 20.66% | +17.69% |
Volatility (6M)Calculated over the trailing 6-month period | 79.93% | 51.42% | +28.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.50% | 81.87% | +37.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.40% | 91.12% | +14.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.72% | 91.12% | +6.60% |