SOXS vs. NVDU
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while NVDU is a Leveraged Equities fund actively managed by Direxion. SOXS is passively managed, while NVDU is actively managed. Over the past year, SOXS returned -98.20% vs 67.40% for NVDU. At a correlation of -0.66, they often move in opposite directions. SOXS charges 1.08%/yr vs 1.04%/yr for NVDU.
Performance
SOXS vs. NVDU - Performance Comparison
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Returns By Period
In the year-to-date period, SOXS achieves a -94.69% return, which is significantly lower than NVDU's 11.81% return.
SOXS
- 1D
- -8.08%
- 1M
- -57.31%
- YTD
- -94.69%
- 6M
- -94.57%
- 1Y
- -98.20%
- 3Y*
- -88.23%
- 5Y*
- -81.24%
- 10Y*
- -79.95%
NVDU
- 1D
- -1.73%
- 1M
- -8.04%
- YTD
- 11.81%
- 6M
- 14.78%
- 1Y
- 67.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS vs. NVDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.69% | -85.53% | -59.55% | -42.93% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 11.81% | 33.65% | 289.29% | 12.08% |
Correlation
The correlation between SOXS and NVDU is -0.53, 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 | -0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | -0.66 |
The correlation between SOXS and NVDU shifts across timeframes, from -0.66 (all time) to -0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOXS vs. NVDU — Risk / Return Rank
SOXS
NVDU
SOXS vs. NVDU - 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 NVDA Bull 2X Shares ETF (NVDU). 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 | NVDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -5.29 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 1.19 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 1.60 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.46 | 3.52 | -4.98 |
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Drawdowns
SOXS vs. NVDU - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than NVDU's maximum drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for SOXS and NVDU.
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Drawdown Indicators
| SOXS | NVDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -67.27% | -32.73% |
Max Drawdown (1Y)Largest decline over 1 year | -98.17% | -42.27% | -55.90% |
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% | -23.85% | -76.15% |
Average DrawdownAverage peak-to-trough decline | -92.60% | -18.90% | -73.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.64% | 19.21% | +48.43% |
Volatility
SOXS vs. NVDU - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 61.89% compared to Direxion Daily NVDA Bull 2X Shares ETF (NVDU) at 25.10%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | NVDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.89% | 25.10% | +36.79% |
Volatility (6M)Calculated over the trailing 6-month period | 97.94% | 52.56% | +45.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.12% | 70.05% | +45.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.92% | 90.93% | +19.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 90.93% | +11.06% |
SOXS vs. NVDU - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than NVDU's 1.04% expense ratio.
Dividends
SOXS vs. NVDU - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 101.68%, more than NVDU's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 5.18% | 5.68% | 16.85% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 101.68% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
SOXS and NVDU have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (61.89%) compared to NVDU (25.10%). In terms of maximum drawdown, SOXS dropped -100.00% vs NVDU's -67.27%.
On 1-year performance, NVDU leads with 67.40% vs -98.20% for SOXS. On fees, NVDU is cheaper at 1.04% per year. On volatility, NVDU has been the lower-risk option at 25.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDU has performed better with a 67.40% return vs -98.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVDU is cheaper with a 1.04% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 101.68%, compared with 5.18% for NVDU.
SOXS is categorized as Inverse Equities, while NVDU is Leveraged Equities. Their fees differ too: 1.08% for SOXS and 1.04% for NVDU.
NVDU currently has the higher Sharpe Ratio (0.97 vs -0.85), 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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