SOXS vs. FNGD
Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD).
SOXS and FNGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FNGD is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. Both SOXS and FNGD 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: SOXS or FNGD.
Key characteristics
| SOXS | FNGD | |
|---|---|---|
| YTD Return | -65.76% | -71.60% |
| 1Y Return | -81.40% | -79.71% |
| 3Y Return (Ann) | -63.38% | -64.27% |
| 5Y Return (Ann) | -76.87% | -77.76% |
| Sharpe Ratio | -0.79 | -1.11 |
| Sortino Ratio | -1.55 | -2.47 |
| Omega Ratio | 0.83 | 0.73 |
| Calmar Ratio | -0.81 | -0.79 |
| Martin Ratio | -1.21 | -1.36 |
| Ulcer Index | 67.02% | 58.23% |
| Daily Std Dev | 102.52% | 71.42% |
| Max Drawdown | -100.00% | -99.98% |
| Current Drawdown | -100.00% | -99.98% |
Correlation
The correlation between SOXS and FNGD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SOXS vs. FNGD - Performance Comparison
In the year-to-date period, SOXS achieves a -65.76% return, which is significantly higher than FNGD's -71.60% 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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SOXS vs. FNGD - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than FNGD's 0.95% expense ratio.
Risk-Adjusted Performance
SOXS vs. FNGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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
SOXS vs. FNGD - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 8.40%, while FNGD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 8.40% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXS vs. FNGD - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, roughly equal to the maximum FNGD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for SOXS and FNGD. For additional features, visit the drawdowns tool.
Volatility
SOXS vs. FNGD - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 27.10% compared to MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) at 18.36%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.