SOXS vs. BRKD
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds from Direxion - SOXS tracks the PHLX Semiconductor Index (-300%) while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. Over the past year, SOXS returned -96.46% vs 1.54% for BRKD. Their 0.04 correlation means their historical movements had little consistent relationship. SOXS charges 1.08%/yr vs 1.00%/yr for BRKD.
Performance
SOXS vs. BRKD - Performance Comparison
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Returns By Period
In the year-to-date period, SOXS achieves a -91.17% return, which is significantly lower than BRKD's 5.90% return.
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.81%
- YTD
- 5.90%
- 1Y
- 1.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.72B | $3.43B | $3.32B |
SOXS vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -5.45% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | -6.69% | 2.19% |
Correlation
The correlation between SOXS and BRKD is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.04 |
The correlation between SOXS and BRKD shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOXS vs. BRKD — Risk / Return Rank
SOXS
BRKD
SOXS vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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 | BRKD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.04 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 0.18 | -1.16 |
| Martin ratioReturn relative to average drawdown | -1.35 | 0.34 | -1.69 |
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Drawdowns
SOXS vs. BRKD - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for SOXS and BRKD.
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Drawdown Indicators
| SOXS | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -17.92% | -82.08% |
Max Drawdown (1Y)Largest decline over 1 year | -97.89% | -9.34% | -88.55% |
Max Drawdown (3Y)Largest decline over 3 years | -99.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -3.69% | -96.31% |
Average DrawdownAverage peak-to-trough decline | -92.65% | -7.33% | -85.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.27% | 4.84% | +66.43% |
Volatility
SOXS vs. BRKD - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 55.41% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.41% | 0.00% | +55.41% |
Volatility (6M)Calculated over the trailing 6-month period | 117.32% | 7.80% | +109.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.87% | 12.25% | +120.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.55% | 16.37% | +98.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.76% | 16.37% | +87.39% |
SOXS vs. BRKD - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than BRKD's 1.00% expense ratio.
Dividends
SOXS vs. BRKD - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 41.84%, more than BRKD's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 1.91% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
SOXS and BRKD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to BRKD (0.00%). In terms of maximum drawdown, SOXS dropped -100.00% vs BRKD's -17.92%.
On 1-year performance, BRKD leads with 1.54% vs -96.46% for SOXS. On fees, BRKD is cheaper at 1.00% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRKD has performed better with a 1.54% return vs -96.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BRKD is cheaper with a 1.00% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 1.91% for BRKD.
SOXS tracks PHLX Semiconductor Index (-300%), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). Their fees differ too: 1.08% for SOXS and 1.00% for BRKD.
BRKD currently has the higher Sharpe Ratio (0.14 vs -0.73), 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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