SOXL vs. SPY
Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and SPDR S&P 500 ETF (SPY).
SOXL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SOXL and SPY 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 SPY.
Performance
SOXL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, SOXL achieves a -13.13% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, SOXL has outperformed SPY with an annualized return of 30.71%, while SPY has yielded a comparatively lower 13.07% annualized return.
SOXL
-13.13%
-22.68%
-44.81%
19.70%
14.56%
30.71%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| SOXL | SPY | |
|---|---|---|
| Sharpe Ratio | 0.13 | 2.62 |
| Sortino Ratio | 0.89 | 3.50 |
| Omega Ratio | 1.11 | 1.49 |
| Calmar Ratio | 0.19 | 3.78 |
| Martin Ratio | 0.41 | 17.00 |
| Ulcer Index | 31.83% | 1.87% |
| Daily Std Dev | 100.74% | 12.14% |
| Max Drawdown | -90.46% | -55.19% |
| Current Drawdown | -62.06% | -1.38% |
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SOXL vs. SPY - Expense Ratio Comparison
SOXL has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between SOXL and SPY is 0.78, 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.
Risk-Adjusted Performance
SOXL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 1.13%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.13% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SOXL vs. SPY - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SOXL and SPY. For additional features, visit the drawdowns tool.
Volatility
SOXL vs. SPY - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 26.83% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.