SOXL vs. NVDX
SOXL (Direxion Daily Semiconductor Bull 3X ETF) and NVDX (T-REX 2X Long NVIDIA Daily Target ETF) are both Leveraged Equities funds. SOXL is passively managed, while NVDX is actively managed. Over the past year, SOXL returned 240.43% vs -12.49% for NVDX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. SOXL charges 0.75%/yr vs 1.05%/yr for NVDX.
Performance
SOXL vs. NVDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SOXL achieves a 118.87% return, which is significantly higher than NVDX's -12.56% return.
SOXL
- 1D
- -16.02%
- 1M
- -61.11%
- 6M
- 31.25%
- YTD
- 118.87%
- 1Y
- 240.43%
- 3Y*
- 49.32%
- 5Y*
- 16.39%
- 10Y*
- 44.75%
- ALL TIME*
- 36.17%
NVDX
- 1D
- -7.02%
- 1M
- -7.36%
- 6M
- -15.71%
- YTD
- -12.56%
- 1Y
- -12.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 99.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $98.55M | $116.01M | $174.49M | |
| $10.69B | $10.70B | $11.60B |
SOXL vs. NVDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 118.87% | 54.91% | -12.31% | 72.16% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | -12.56% | 26.24% | 384.03% | 28.06% |
Correlation
The correlation between SOXL and NVDX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.65 |
The correlation between SOXL and NVDX has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
SOXL vs. NVDX - Sectors Allocation Comparison
Sectors
SOXL
NVDX
Technology
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
SOXL
NVDX
Basic Materials
SOXL
-
NVDX
-
Communication Services
SOXL
-
NVDX
-
Consumer Cyclical
SOXL
-
NVDX
-
Consumer Defensive
SOXL
-
NVDX
-
Energy
SOXL
-
NVDX
-
Financial Services
SOXL
-
NVDX
-
Healthcare
SOXL
-
NVDX
-
Industrials
SOXL
-
NVDX
-
Real Estate
SOXL
-
NVDX
-
Utilities
SOXL
-
NVDX
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SOXL vs. NVDX — Risk / Return Rank
SOXL
NVDX
SOXL vs. NVDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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 | NVDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.03 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | -0.29 | +3.77 |
| Martin ratioReturn relative to average drawdown | 12.49 | -0.56 | +13.05 |
Loading charts...
Drawdowns
SOXL vs. NVDX - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for SOXL and NVDX.
Loading charts...
Drawdown Indicators
| SOXL | NVDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -68.19% | -22.27% |
Max Drawdown (1Y)Largest decline over 1 year | -69.42% | -43.76% | -25.66% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | — | — |
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 | -69.42% | -39.10% | -30.32% |
Average DrawdownAverage peak-to-trough decline | -34.99% | -20.70% | -14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.34% | 22.26% | -2.92% |
Volatility
SOXL vs. NVDX - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 51.08% compared to T-REX 2X Long NVIDIA Daily Target ETF (NVDX) at 23.52%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SOXL | NVDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.08% | 23.52% | +27.56% |
Volatility (6M)Calculated over the trailing 6-month period | 113.66% | 56.19% | +57.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 128.79% | 72.53% | +56.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 112.73% | 94.89% | +17.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.84% | 94.89% | +6.95% |
SOXL vs. NVDX - Expense Ratio Comparison
SOXL has a 0.75% expense ratio, which is lower than NVDX's 1.05% expense ratio.
Dividends
SOXL vs. NVDX - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.01%, less than NVDX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 3.83% | 3.35% | 15.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
SOXL and NVDX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (51.08%) compared to NVDX (23.52%). In terms of maximum drawdown, SOXL dropped -90.46% vs NVDX's -68.19%.
On 1-year performance, SOXL leads with 240.43% vs -12.49% for NVDX. On fees, SOXL is cheaper at 0.75% per year. On volatility, NVDX has been the lower-risk option at 23.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXL has performed better with a 240.43% return vs -12.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDX.
NVDX has the higher dividend yield at 3.83%, compared with 0.01% for SOXL.
They also come from different issuers: Direxion and REX. Their fees differ too: 0.75% for SOXL and 1.05% for NVDX.
SOXL currently has the higher Sharpe Ratio (1.88 vs -0.17), 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.
Find the right allocation for SOXL and NVDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer