SOXS vs. AQN
SOXS (Direxion Daily Semiconductor Bear 3x Shares) is Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while AQN (Algonquin Power & Utilities Corp) is a stock. Over the past 10 years, SOXS returned -79.51%/yr vs 0.81%/yr for AQN. At a correlation of -0.24, they often move in opposite directions.
Performance
SOXS vs. AQN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SOXS achieves a -93.64% return, which is significantly lower than AQN's -1.40% return. Over the past 10 years, SOXS has underperformed AQN with an annualized return of -79.51%, while AQN has yielded a comparatively higher 0.81% annualized return.
SOXS
- 1D
- -16.31%
- 1M
- -57.20%
- YTD
- -93.64%
- 6M
- -93.96%
- 1Y
- -97.98%
- 3Y*
- -86.94%
- 5Y*
- -80.55%
- 10Y*
- -79.51%
AQN
- 1D
- 1.01%
- 1M
- 4.35%
- YTD
- -1.40%
- 6M
- 2.99%
- 1Y
- 7.06%
- 3Y*
- -5.53%
- 5Y*
- -12.99%
- 10Y*
- 0.81%
SOXS vs. AQN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.64% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
AQN Algonquin Power & Utilities Corp | -1.40% | 44.80% | -25.01% | 2.92% | -51.72% | -8.25% | 21.54% | 46.99% | -5.28% | 37.60% |
Correlation
The correlation between SOXS and AQN is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SOXS vs. AQN — Risk / Return Rank
SOXS
AQN
SOXS vs. AQN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Algonquin Power & Utilities Corp (AQN). 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.
| SOXS | AQN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.60 | 1.08 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 0.42 | -1.43 |
| Martin ratioReturn relative to average drawdown | -1.47 | 0.97 | -2.44 |
Loading charts...
Drawdowns
SOXS vs. AQN - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than AQN's maximum drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for SOXS and AQN.
Loading charts...
Drawdown Indicators
| SOXS | AQN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -69.73% | -30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -97.85% | -16.74% | -81.11% |
Max Drawdown (3Y)Largest decline over 3 years | -99.84% | -44.91% | -54.93% |
Max Drawdown (5Y)Largest decline over 5 years | -99.97% | -68.21% | -31.76% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -69.73% | -30.27% |
Current DrawdownCurrent decline from peak | -100.00% | -54.71% | -45.29% |
Average DrawdownAverage peak-to-trough decline | -92.60% | -18.32% | -74.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.09% | 7.32% | +60.77% |
Volatility
SOXS vs. AQN - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 59.88% compared to Algonquin Power & Utilities Corp (AQN) at 5.41%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than AQN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SOXS | AQN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.88% | 5.41% | +54.47% |
Volatility (6M)Calculated over the trailing 6-month period | 96.36% | 18.67% | +77.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.29% | 24.09% | +88.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.26% | 30.56% | +79.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.64% | 27.98% | +73.66% |
Dividends
SOXS vs. AQN - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 84.95%, more than AQN's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | 4.33% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 84.95% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOXS and AQN have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (59.88%) compared to AQN (5.41%). In terms of maximum drawdown, SOXS dropped -100.00% vs AQN's -69.73%.
AQN currently has the higher Sharpe Ratio (0.30 vs -0.87), 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.
Find the right allocation for SOXS and AQN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer