SOXQ vs. SOXS
SOXQ (Invesco PHLX Semiconductor ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index, while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, SOXQ returned 59.40%/yr vs -86.64%/yr for SOXS. At a correlation of -0.99, they often move in opposite directions. SOXQ charges 0.19%/yr vs 1.08%/yr for SOXS.
Performance
SOXQ vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, SOXQ achieves a 96.72% return, which is significantly higher than SOXS's -92.10% return.
SOXQ
- 1D
- 1.42%
- 1M
- 32.12%
- YTD
- 96.72%
- 6M
- 91.61%
- 1Y
- 181.76%
- 3Y*
- 59.40%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
SOXQ vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 96.72% | 43.11% | 20.16% | 66.74% | -35.59% | 24.82% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | 15.76% | -58.09% |
Correlation
The correlation between SOXQ and SOXS is -0.99, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | -0.99 |
The correlation between SOXQ and SOXS has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.
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Return for Risk
SOXQ vs. SOXS — Risk / Return Rank
SOXQ
SOXS
SOXQ vs. SOXS - Risk-Adjusted Trends 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.
| SOXQ | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.43 | -0.96 | +6.39 |
Sortino ratioReturn per unit of downside risk | 5.22 | -3.94 | +9.16 |
Omega ratioGain probability vs. loss probability | 1.72 | 0.58 | +1.14 |
Calmar ratioReturn relative to maximum drawdown | 11.73 | -1.00 | +12.74 |
Martin ratioReturn relative to average drawdown | 45.01 | -1.44 | +46.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXQ | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.43 | -0.96 | +6.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | -0.79 | +1.77 |
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.
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Drawdown Indicators
| SOXQ | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.01% | -100.00% | +53.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -97.68% | +82.09% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | -99.80% | +60.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -100.00% | +100.00% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -92.60% | +79.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 68.64% | -64.58% |
Volatility
SOXQ vs. SOXS - Volatility Comparison
The current volatility for Invesco PHLX Semiconductor ETF (SOXQ) is 13.44%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. 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.
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Volatility by Period
| SOXQ | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.44% | 44.22% | -30.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.70% | 83.94% | -57.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.78% | 102.18% | -68.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.38% | 108.21% | -71.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.38% | 100.48% | -64.10% |
SOXQ vs. SOXS - Expense Ratio Comparison
SOXQ has a 0.19% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
SOXQ vs. SOXS - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.26%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 0.26% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
SOXQ and SOXS have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to SOXQ (13.44%). In terms of maximum drawdown, SOXQ dropped -46.01% vs SOXS's -100.00%.
On 3-year performance, SOXQ leads with 59.40% vs -86.64% for SOXS. On fees, SOXQ is cheaper at 0.19% per year. On volatility, SOXQ has been the lower-risk option at 13.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXQ has performed better with a 59.40% return vs -86.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 0.26% for SOXQ.
SOXQ is categorized as Semiconductors, while SOXS is Leveraged Equities. SOXQ tracks PHLX Semiconductor Sector Index, while SOXS tracks PHLX Semiconductor Index (-300%). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.19% for SOXQ and 1.08% for SOXS.
SOXQ currently has the higher Sharpe Ratio (5.43 vs -0.96), 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.
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