Correlation
The correlation between SOXL and VOO 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.
SOXL vs. VOO
Compare and contrast key facts about Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Vanguard S&P 500 ETF (VOO).
SOXL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SOXL and VOO 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 VOO.
Performance
SOXL vs. VOO - Performance Comparison
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Key characteristics
SOXL:
-0.52
VOO:
0.60
SOXL:
-0.30
VOO:
0.88
SOXL:
0.96
VOO:
1.13
SOXL:
-0.76
VOO:
0.56
SOXL:
-1.19
VOO:
2.13
SOXL:
56.28%
VOO:
4.91%
SOXL:
129.46%
VOO:
19.46%
SOXL:
-90.46%
VOO:
-33.99%
SOXL:
-77.87%
VOO:
-5.22%
Returns By Period
In the year-to-date period, SOXL achieves a -42.22% return, which is significantly lower than VOO's -0.85% return. Over the past 10 years, SOXL has outperformed VOO with an annualized return of 21.57%, while VOO has yielded a comparatively lower 12.64% annualized return.
SOXL
-42.22%
27.47%
-46.05%
-69.10%
-5.44%
11.22%
21.57%
VOO
-0.85%
5.19%
-2.42%
10.85%
15.45%
16.18%
12.64%
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SOXL vs. VOO - Expense Ratio Comparison
SOXL has a 0.99% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SOXL vs. VOO — Risk-Adjusted Performance Rank
SOXL
VOO
SOXL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3x Shares (SOXL) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
SOXL vs. VOO - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 2.23%, more than VOO's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | 2.23% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.31% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
SOXL vs. VOO - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SOXL and VOO.
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Volatility
SOXL vs. VOO - Volatility Comparison
Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 26.18% compared to Vanguard S&P 500 ETF (VOO) at 4.44%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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