SOXS vs. MA

Last updated Jun 16, 2026

SOXS (Direxion Daily Semiconductor Bear 3x Shares) is Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while MA (Mastercard Incorporated) is a stock. Over the past 10 years, SOXS returned -79.51%/yr vs 18.76%/yr for MA. At a correlation of -0.50, they often move in opposite directions.

Performance

SOXS vs. MA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Mastercard Incorporated (MA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXS achieves a -93.64% return, which is significantly lower than MA's -13.78% return. Over the past 10 years, SOXS has underperformed MA with an annualized return of -79.51%, while MA has yielded a comparatively higher 18.76% 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%

MA

• 1D: 0.13%
• 1M: -0.72%
• YTD: -13.78%
• 6M: -13.51%
• 1Y: -12.19%
• 3Y*: 9.87%
• 5Y*: 6.78%
• 10Y*: 18.76%

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

SOXS vs. MA - 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%
MA Mastercard Incorporated	-13.78%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%

Correlation

The correlation between SOXS and MA is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.15
Correlation (5Y) Calculated over the trailing 5-year period	-0.36
Correlation (10Y) Calculated over the trailing 10-year period	-0.47
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010	-0.50

The correlation between SOXS and MA shifts across timeframes, from -0.50 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SOXS vs. MA — 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

MA

MA Risk / Return Rank: 18
MA Sharpe Ratio Rank: 18
MA Sortino Ratio Rank: 18
MA Omega Ratio Rank: 18
MA Calmar Ratio Rank: 21
MA Martin Ratio Rank: 16

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. MA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Mastercard Incorporated (MA). 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	MA	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	-0.56	-0.32
Sortino ratio: Return per unit of downside risk	-3.67	-0.65	-3.02
Omega ratio: Gain probability vs. loss probability	0.60	0.92	-0.32
Calmar ratio: Return relative to maximum drawdown	-1.00	-0.58	-0.42
Martin ratio: Return relative to average drawdown	-1.47	-1.18	-0.29

SOXS vs. MA - Sharpe Ratio Comparison

The current SOXS Sharpe Ratio is -0.87, which is lower than the MA Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of SOXS and MA, 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. MA - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, which is greater than MA's maximum drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for SOXS and MA.

Drawdown Indicators

	SOXS	MA	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-62.67%	-37.33%
Max Drawdown (1Y) Largest decline over 1 year	-97.85%	-20.91%	-76.94%
Max Drawdown (3Y) Largest decline over 3 years	-99.84%	-20.91%	-78.93%
Max Drawdown (5Y) Largest decline over 5 years	-99.97%	-28.25%	-71.72%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-41.00%	-59.00%
Current Drawdown Current decline from peak	-100.00%	-17.71%	-82.29%
Average Drawdown Average peak-to-trough decline	-92.60%	-9.83%	-82.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.09%	10.38%	+57.71%

Volatility

SOXS vs. MA - Volatility Comparison

Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 59.88% compared to Mastercard Incorporated (MA) at 6.46%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than MA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXS	MA	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.88%	6.46%	+53.42%
Volatility (6M) Calculated over the trailing 6-month period	96.36%	16.91%	+79.45%
Volatility (1Y) Calculated over the trailing 1-year period	112.29%	21.90%	+90.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.26%	24.02%	+86.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.64%	26.93%	+74.71%

Dividends

SOXS vs. MA - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 84.95%, more than MA's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MA Mastercard Incorporated	0.66%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%
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 MA in my portfolio?

SOXS and MA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXS or MA?

SOXS has higher volatility (59.88%) compared to MA (6.46%). In terms of maximum drawdown, SOXS dropped -100.00% vs MA's -62.67%.

Which has better risk-adjusted returns?

MA currently has the higher Sharpe Ratio (-0.56 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.