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.
Performance
SOXL vs. SOXS - Performance Comparison
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SOXL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 24.34% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -41.64% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Returns By Period
In the year-to-date period, SOXL achieves a 24.34% return, which is significantly higher than SOXS's -41.64% return. Over the past 10 years, SOXL has outperformed SOXS with an annualized return of 41.10%, while SOXS has yielded a comparatively lower -74.65% annualized 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%
SOXS
- 1D
- -9.03%
- 1M
- 2.04%
- YTD
- -41.64%
- 6M
- -62.23%
- 1Y
- -93.50%
- 3Y*
- -76.69%
- 5Y*
- -70.08%
- 10Y*
- -74.65%
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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.
Return for Risk
SOXL vs. SOXS — Risk / Return Rank
SOXL
SOXS
SOXL vs. SOXS - Risk-Adjusted Trends 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.
| SOXL | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | -0.78 | +2.71 |
Sortino ratioReturn per unit of downside risk | 2.46 | -2.06 | +4.52 |
Omega ratioGain probability vs. loss probability | 1.35 | 0.74 | +0.61 |
Calmar ratioReturn relative to maximum drawdown | 4.64 | -0.97 | +5.61 |
Martin ratioReturn relative to average drawdown | 14.09 | -1.09 | +15.19 |
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 | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | -0.78 | +2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.66 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | -0.75 | +1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | -0.76 | +1.12 |
Correlation
The correlation between SOXL and SOXS is -1.00. 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.
Dividends
SOXL vs. SOXS - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.15%, less than SOXS's 9.25% yield.
| 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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 9.25% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 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.
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Drawdown Indicators
| SOXL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -100.00% | +9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -49.26% | -96.52% | +47.26% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -99.85% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -100.00% | +9.54% |
Current DrawdownCurrent decline from peak | -27.28% | -100.00% | +72.72% |
Average DrawdownAverage peak-to-trough decline | -35.34% | -92.53% | +57.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.23% | 85.61% | -69.38% |
Volatility
SOXL vs. SOXS - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS) have volatilities of 38.35% and 39.00%, 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.
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Volatility by Period
| SOXL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.35% | 39.00% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 79.93% | 79.00% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.50% | 120.15% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.40% | 106.42% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.72% | 99.19% | -1.47% |