SOXL vs. XPEG

Last updated Jun 19, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and XPEG (Leverage Shares 2X Long XPEV Daily ETF) are both Leveraged Equities funds - SOXL tracks the ICE Semiconductor Index while XPEG tracks the XPeng Inc. (XPEV). Both are passively managed. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

SOXL vs. XPEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Leverage Shares 2X Long XPEV Daily ETF (XPEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SOXL

• 1D: 19.43%
• 1M: 83.88%
• YTD: 564.50%
• 6M: 623.92%
• 1Y: 1,196.88%
• 3Y*: 124.34%
• 5Y*: 50.47%
• 10Y*: 65.95%

XPEG

• 1D: -3.33%
• 1M: -24.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXL vs. XPEG - Yearly Performance Comparison

	2026 (YTD)
SOXL Direxion Daily Semiconductor Bull 3X ETF	404.32%
XPEG Leverage Shares 2X Long XPEV Daily ETF	-67.16%

Correlation

The correlation between SOXL and XPEG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.43

Return for Risk

SOXL vs. XPEG — 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: 99

XPEG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XPEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Leverage Shares 2X Long XPEV Daily ETF (XPEG). 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	XPEG	Difference
Sharpe ratio: Return per unit of total volatility	10.61	—	—
Sortino ratio: Return per unit of downside risk	4.44	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	27.84	—	—
Martin ratio: Return relative to average drawdown	89.88	—	—

Drawdowns

SOXL vs. XPEG - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than XPEG's maximum drawdown of -67.16%. Use the drawdown chart below to compare losses from any high point for SOXL and XPEG.

Drawdown Indicators

	SOXL	XPEG	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-67.16%	-23.30%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	—	—
Current Drawdown Current decline from peak	-0.45%	-67.16%	+66.71%
Average Drawdown Average peak-to-trough decline	-34.96%	-38.52%	+3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.44%	—	—

Volatility

Volatility by Period

	SOXL	XPEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	62.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	96.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	114.08%	98.13%	+15.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.76%	98.13%	+11.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.44%	98.13%	+2.31%

SOXL vs. XPEG - Expense Ratio Comparison

Both SOXL and XPEG have an expense ratio of 0.75%.

Dividends

SOXL vs. XPEG - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, while XPEG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
XPEG Leverage Shares 2X Long XPEV Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOXL and XPEG in my portfolio?

SOXL and XPEG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOXL or XPEG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOXL or XPEG?

SOXL and XPEG have the same expense ratio: 0.75% per year.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for XPEG.

What is the main difference between SOXL and XPEG?

SOXL tracks ICE Semiconductor Index, while XPEG tracks XPeng Inc. (XPEV). They also come from different issuers: Direxion and Leverage Shares.