SOXQ vs. SOXS
Compare and contrast key facts about Invesco PHLX Semiconductor ETF (SOXQ) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
SOXQ and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX / Semiconductor. It was launched on Jun 11, 2021. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both SOXQ and SOXS 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: SOXQ or SOXS.
Key characteristics
| SOXQ | SOXS | |
|---|---|---|
| YTD Return | 19.73% | -59.52% |
| 1Y Return | 44.83% | -78.00% |
| 3Y Return (Ann) | 10.94% | -61.94% |
| Sharpe Ratio | 1.40 | -0.78 |
| Sortino Ratio | 1.90 | -1.47 |
| Omega Ratio | 1.25 | 0.84 |
| Calmar Ratio | 1.93 | -0.80 |
| Martin Ratio | 5.29 | -1.20 |
| Ulcer Index | 9.18% | 66.38% |
| Daily Std Dev | 34.64% | 102.16% |
| Max Drawdown | -46.01% | -100.00% |
| Current Drawdown | -15.73% | -100.00% |
Correlation
The correlation between SOXQ and SOXS is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SOXQ vs. SOXS - Performance Comparison
In the year-to-date period, SOXQ achieves a 19.73% return, which is significantly higher than SOXS's -59.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOXQ vs. SOXS - Expense Ratio Comparison
SOXQ has a 0.00% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
SOXQ vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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
SOXQ vs. SOXS - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.70%, less than SOXS's 7.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 0.70% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.11% | 9.22% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
Drawdowns
SOXQ vs. SOXS - Drawdown Comparison
The maximum SOXQ drawdown since its inception was -46.01%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SOXQ and SOXS. For additional features, visit the drawdowns tool.
Volatility
SOXQ vs. SOXS - Volatility Comparison
The current volatility for Invesco PHLX Semiconductor ETF (SOXQ) is 8.94%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 24.60%. This indicates that SOXQ experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.