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 -96.46% vs 5.47% for NVDU. Their -0.66 correlation means they have often moved in opposite directions in the past. 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 -91.17% return, which is significantly lower than NVDU's 0.62% 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%
NVDU
- 1D
- 5.78%
- 1M
- 4.31%
- 6M
- -2.96%
- YTD
- 0.62%
- 1Y
- 5.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 84.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.96M | $45.67M | $64.93M | |
| $3.72B | $3.43B | $3.32B |
SOXS vs. NVDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -59.55% | -42.93% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 0.62% | 33.65% | 289.29% | 12.08% |
Correlation
The correlation between SOXS and NVDU is -0.55, 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. | -0.55 |
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 -0.55 (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 | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.06 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 0.01 | -0.99 |
| Martin ratioReturn relative to average drawdown | -1.35 | 0.02 | -1.37 |
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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 | -97.89% | -42.27% | -55.62% |
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% | -31.47% | -68.53% |
Average DrawdownAverage peak-to-trough decline | -92.65% | -19.33% | -73.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.27% | 21.69% | +49.58% |
Volatility
SOXS vs. NVDU - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 55.41% compared to Direxion Daily NVDA Bull 2X Shares ETF (NVDU) at 24.22%. 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 | 55.41% | 24.22% | +31.19% |
Volatility (6M)Calculated over the trailing 6-month period | 117.32% | 56.16% | +61.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.87% | 72.37% | +60.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.55% | 90.52% | +24.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.76% | 90.52% | +13.24% |
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 41.84%, more than NVDU's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 5.87% | 5.68% | 16.85% | 0.63% | 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 NVDU have a correlation of -0.55, 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 NVDU (24.22%). In terms of maximum drawdown, SOXS dropped -100.00% vs NVDU's -67.27%.
On 1-year performance, NVDU leads with 5.47% vs -96.46% for SOXS. On fees, NVDU is cheaper at 1.04% per year. On volatility, NVDU has been the lower-risk option at 24.22%. 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 5.47% return vs -96.46%. 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 41.84%, compared with 5.87% 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 (0.00 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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