SOXL vs. WANT

Last updated Jun 9, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) are both Leveraged Equities funds from Direxion - SOXL tracks the ICE Semiconductor Index while WANT tracks the S&P Consumer Discretionary Select Sector Index (-300%). Both are passively managed. Over the past 5 years, SOXL returned 42.03%/yr vs -6.14%/yr for WANT. A 0.68 correlation means they provide meaningful diversification when combined. SOXL charges 0.75%/yr vs 0.98%/yr for WANT.

Performance

SOXL vs. WANT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXL achieves a 403.07% return, which is significantly higher than WANT's -17.15% return.

SOXL

• 1D: 15.83%
• 1M: 19.50%
• YTD: 403.07%
• 6M: 340.59%
• 1Y: 1,006.21%
• 3Y*: 112.77%
• 5Y*: 42.03%
• 10Y*: 61.24%

WANT

• 1D: 1.22%
• 1M: -12.91%
• YTD: -17.15%
• 6M: -14.43%
• 1Y: 8.12%
• 3Y*: 14.75%
• 5Y*: -6.14%
• 10Y*: —

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

SOXL vs. WANT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SOXL Direxion Daily Semiconductor Bull 3X ETF	403.07%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-18.55%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-17.15%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	90.07%	-24.91%

Correlation

The correlation between SOXL and WANT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	0.68

Over the past year, the correlation between SOXL and WANT has dropped to 0.48 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

SOXL vs. WANT - Sectors Allocation Comparison

Sectors	SOXL	WANT
Technology	100.0%	0.2%
Basic Materials	-	-
Communication Services	-	0.2%
Consumer Cyclical	-	18.4%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

SOXL vs. WANT — 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: 93
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

WANT

WANT Risk / Return Rank: 13
WANT Sharpe Ratio Rank: 11
WANT Sortino Ratio Rank: 15
WANT Omega Ratio Rank: 14
WANT Calmar Ratio Rank: 12
WANT Martin Ratio Rank: 12

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. WANT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). 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	WANT	Difference
Sharpe ratio: Return per unit of total volatility	9.42	0.15	+9.27
Sortino ratio: Return per unit of downside risk	4.27	0.60	+3.68
Omega ratio: Gain probability vs. loss probability	1.61	1.07	+0.55
Calmar ratio: Return relative to maximum drawdown	23.39	0.20	+23.19
Martin ratio: Return relative to average drawdown	78.42	0.53	+77.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXL vs. WANT - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 9.42, which is higher than the WANT Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of SOXL and WANT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOXL	WANT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.42	0.15	+9.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	-0.09	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.11	+0.38

Drawdowns

SOXL vs. WANT - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than WANT's maximum drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for SOXL and WANT.

Drawdown Indicators

	SOXL	WANT	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-85.89%	-4.57%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	-41.27%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	-63.53%	-24.35%
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	-85.89%	-4.57%
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	—	—
Current Drawdown Current decline from peak	-24.63%	-60.07%	+35.44%
Average Drawdown Average peak-to-trough decline	-35.01%	-43.10%	+8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.94%	15.35%	-2.41%

Volatility

SOXL vs. WANT - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 56.07% compared to Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) at 15.89%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than WANT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	WANT	Difference
Volatility (1M) Calculated over the trailing 1-month period	56.07%	15.89%	+40.18%
Volatility (6M) Calculated over the trailing 6-month period	90.69%	39.23%	+51.46%
Volatility (1Y) Calculated over the trailing 1-year period	108.13%	53.77%	+54.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.35%	70.68%	+37.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.68%	71.48%	+28.20%

SOXL vs. WANT - Expense Ratio Comparison

SOXL has a 0.75% expense ratio, which is lower than WANT's 0.98% expense ratio.

Dividends

SOXL vs. WANT - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.04%, less than WANT's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.04%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.65%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOXL and WANT in my portfolio?

SOXL and WANT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXL or WANT?

SOXL has higher volatility (56.07%) compared to WANT (15.89%). In terms of maximum drawdown, SOXL dropped -90.46% vs WANT's -85.89%.

Which ETF is better, SOXL or WANT?

On 5-year performance, SOXL leads with 42.03% vs -6.14% for WANT. On fees, SOXL is cheaper at 0.75% per year. On volatility, WANT has been the lower-risk option at 15.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXL or WANT?

Over the 5-year period, SOXL has performed better with a 42.03% return vs -6.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXL or WANT?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.98% for WANT.

Which ETF pays a higher dividend yield, SOXL or WANT?

WANT has the higher dividend yield at 0.65%, compared with 0.04% for SOXL.

What is the main difference between SOXL and WANT?

SOXL tracks ICE Semiconductor Index, while WANT tracks S&P Consumer Discretionary Select Sector Index (-300%). Their fees differ too: 0.75% for SOXL and 0.98% for WANT.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (9.42 vs 0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.