SOXL vs. UCG.MI

Last updated Jun 14, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index, while UCG.MI (UniCredit S.p.A.) is a stock. Over the past 10 years, SOXL returned 63.20%/yr vs 34.03%/yr for UCG.MI. At a 0.28 correlation, their price movements are largely independent.

Performance

SOXL vs. UCG.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and UniCredit S.p.A. (UCG.MI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOXL is traded in USD, while UCG.MI is traded in EUR. To make them comparable, the UCG.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOXL achieves a 458.36% return, which is significantly higher than UCG.MI's 4.26% return. Over the past 10 years, SOXL has outperformed UCG.MI with an annualized return of 63.20%, while UCG.MI has yielded a comparatively lower 34.03% annualized return.

SOXL

• 1D: 4.77%
• 1M: 26.04%
• YTD: 458.36%
• 6M: 462.65%
• 1Y: 1,075.10%
• 3Y*: 110.81%
• 5Y*: 43.69%
• 10Y*: 63.20%

UCG.MI

• 1D: 3.99%
• 1M: 0.42%
• YTD: 4.26%
• 6M: 9.65%
• 1Y: 37.05%
• 3Y*: 70.33%
• 5Y*: 53.22%
• 10Y*: 34.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXL vs. UCG.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXL Direxion Daily Semiconductor Bull 3X ETF	458.36%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%
UCG.MI UniCredit S.p.A.	4.26%	119.11%	59.43%	101.17%	-1.90%	65.36%	-35.50%	31.65%	-38.41%	158.96%

Correlation

The correlation between SOXL and UCG.MI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010	0.28

The correlation between SOXL and UCG.MI shifts across timeframes, from 0.18 (3 years) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOXL vs. UCG.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 94
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

UCG.MI

UCG.MI Risk / Return Rank: 72
UCG.MI Sharpe Ratio Rank: 76
UCG.MI Sortino Ratio Rank: 73
UCG.MI Omega Ratio Rank: 69
UCG.MI Calmar Ratio Rank: 70
UCG.MI Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXL vs. UCG.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and UniCredit S.p.A. (UCG.MI). 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	UCG.MI	Difference
Sharpe ratio: Return per unit of total volatility	8.99	1.06	+7.93
Sortino ratio: Return per unit of downside risk	4.23	1.68	+2.55
Omega ratio: Gain probability vs. loss probability	1.60	1.20	+0.40
Calmar ratio: Return relative to maximum drawdown	22.91	1.30	+21.62
Martin ratio: Return relative to average drawdown	74.51	3.61	+70.90

SOXL vs. UCG.MI - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 8.99, which is higher than the UCG.MI Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of SOXL and UCG.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOXL vs. UCG.MI - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum UCG.MI drawdown of -94.03%. Use the drawdown chart below to compare losses from any high point for SOXL and UCG.MI.

Drawdown Indicators

	SOXL	UCG.MI	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-94.03%	+3.57%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	-26.80%	-16.67%
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	-26.80%	-61.08%
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	-50.48%	-39.98%
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	-69.19%	-21.27%
Current Drawdown Current decline from peak	-16.35%	-7.29%	-9.06%
Average Drawdown Average peak-to-trough decline	-34.99%	-68.09%	+33.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.35%	9.62%	+3.73%

Volatility

SOXL vs. UCG.MI - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to UniCredit S.p.A. (UCG.MI) at 8.74%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than UCG.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	UCG.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	58.17%	8.74%	+49.43%
Volatility (6M) Calculated over the trailing 6-month period	93.93%	26.62%	+67.31%
Volatility (1Y) Calculated over the trailing 1-year period	110.81%	32.83%	+77.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.96%	37.98%	+70.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.99%	49.20%	+50.79%

Dividends

SOXL vs. UCG.MI - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, less than UCG.MI's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%	0.00%
UCG.MI UniCredit S.p.A.	4.30%	4.10%	7.08%	4.02%	4.05%	0.89%	0.00%	2.07%	3.24%	0.00%	0.88%	0.47%

Frequently Asked Questions

Can I hold both SOXL and UCG.MI in my portfolio?

SOXL and UCG.MI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.