SOXL vs. SOXS
Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
SOXL and SOXS 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. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both SOXL and SOXS 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 SOXS.
Performance
SOXL vs. SOXS - Performance Comparison
Returns By Period
In the year-to-date period, SOXL achieves a -8.78% return, which is significantly higher than SOXS's -58.37% return. Over the past 10 years, SOXL has outperformed SOXS with an annualized return of 30.95%, while SOXS has yielded a comparatively lower -65.64% annualized return.
SOXL
-8.78%
-17.87%
-41.36%
24.82%
15.68%
30.95%
SOXS
-58.37%
13.96%
-13.10%
-70.74%
-76.35%
-65.64%
Key characteristics
| SOXL | SOXS | |
|---|---|---|
| Sharpe Ratio | 0.26 | -0.69 |
| Sortino Ratio | 1.04 | -1.00 |
| Omega Ratio | 1.13 | 0.89 |
| Calmar Ratio | 0.37 | -0.71 |
| Martin Ratio | 0.80 | -1.13 |
| Ulcer Index | 32.04% | 62.70% |
| Daily Std Dev | 100.68% | 102.33% |
| Max Drawdown | -90.46% | -100.00% |
| Current Drawdown | -60.15% | -100.00% |
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SOXL vs. SOXS - Expense Ratio Comparison
SOXL has a 0.99% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Correlation
The correlation between SOXL and SOXS is -0.75. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SOXL vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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. SOXS - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 1.08%, less than SOXS's 6.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.08% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 6.91% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXL vs. SOXS - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SOXL and SOXS. For additional features, visit the drawdowns tool.
Volatility
SOXL vs. SOXS - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS) have volatilities of 27.45% and 26.75%, 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.