SOXS vs. CAR-UN.TO

Last updated Jun 16, 2026

SOXS (Direxion Daily Semiconductor Bear 3x Shares) is Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while CAR-UN.TO (Canadian Apartment Properties Real Estate Investment Trust) is a stock. Over the past 10 years, SOXS returned -79.51%/yr vs 3.54%/yr for CAR-UN.TO. At a correlation of -0.19, they often move in opposite directions.

Performance

SOXS vs. CAR-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOXS is traded in USD, while CAR-UN.TO is traded in CAD. To make them comparable, the CAR-UN.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOXS achieves a -93.64% return, which is significantly lower than CAR-UN.TO's -4.13% return. Over the past 10 years, SOXS has underperformed CAR-UN.TO with an annualized return of -79.51%, while CAR-UN.TO has yielded a comparatively higher 3.54% 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%

CAR-UN.TO

• 1D: -0.97%
• 1M: 4.70%
• YTD: -4.13%
• 6M: -3.65%
• 1Y: -21.50%
• 3Y*: -9.51%
• 5Y*: -9.24%
• 10Y*: 3.54%

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

SOXS vs. CAR-UN.TO - 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%
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust	-4.13%	-8.13%	-16.89%	20.76%	-30.94%	23.02%	-0.61%	28.21%	13.02%	32.50%

Correlation

The correlation between SOXS and CAR-UN.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.19
Correlation (5Y) Calculated over the trailing 5-year period	-0.25
Correlation (10Y) Calculated over the trailing 10-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010	-0.19

The correlation between SOXS and CAR-UN.TO shifts across timeframes, from -0.25 (5 years) to -0.01 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SOXS vs. CAR-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

CAR-UN.TO

CAR-UN.TO Risk / Return Rank: 10
CAR-UN.TO Sharpe Ratio Rank: 4
CAR-UN.TO Sortino Ratio Rank: 6
CAR-UN.TO Omega Ratio Rank: 8
CAR-UN.TO Calmar Ratio Rank: 15
CAR-UN.TO Martin Ratio Rank: 15

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.

SOXS vs. CAR-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO). 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	CAR-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	-1.16	+0.28
Sortino ratio: Return per unit of downside risk	-3.67	-1.58	-2.09
Omega ratio: Gain probability vs. loss probability	0.60	0.83	-0.22
Calmar ratio: Return relative to maximum drawdown	-1.00	-0.78	-0.22
Martin ratio: Return relative to average drawdown	-1.47	-1.24	-0.23

SOXS vs. CAR-UN.TO - Sharpe Ratio Comparison

The current SOXS Sharpe Ratio is -0.87, which is comparable to the CAR-UN.TO Sharpe Ratio of -1.16. The chart below compares the historical Sharpe Ratios of SOXS and CAR-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOXS vs. CAR-UN.TO - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, which is greater than CAR-UN.TO's maximum drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for SOXS and CAR-UN.TO.

Drawdown Indicators

	SOXS	CAR-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-50.42%	-49.58%
Max Drawdown (1Y) Largest decline over 1 year	-97.85%	-27.51%	-70.34%
Max Drawdown (3Y) Largest decline over 3 years	-99.84%	-39.41%	-60.43%
Max Drawdown (5Y) Largest decline over 5 years	-99.97%	-44.95%	-55.02%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-44.95%	-55.05%
Current Drawdown Current decline from peak	-100.00%	-42.37%	-57.63%
Average Drawdown Average peak-to-trough decline	-92.60%	-14.11%	-78.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.09%	17.35%	+50.74%

Volatility

SOXS vs. CAR-UN.TO - Volatility Comparison

Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 59.88% compared to Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) at 6.10%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than CAR-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXS	CAR-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.88%	6.10%	+53.78%
Volatility (6M) Calculated over the trailing 6-month period	96.36%	14.18%	+82.18%
Volatility (1Y) Calculated over the trailing 1-year period	112.29%	18.70%	+93.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.26%	22.27%	+87.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.64%	22.19%	+79.45%

Dividends

SOXS vs. CAR-UN.TO - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 84.95%, more than CAR-UN.TO's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust	4.43%	4.29%	3.45%	2.97%	3.40%	2.35%	2.76%	2.59%	2.96%	3.42%	3.94%	4.50%
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

Can I hold both SOXS and CAR-UN.TO in my portfolio?

SOXS and CAR-UN.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.