SOXS vs. PLTZ

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ).

SOXS and PLTZ 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. PLTZ is an actively managed fund by Defiance. It was launched on Jun 5, 2025.

Performance

SOXS vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

SOXS vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
SOXS Direxion Daily Semiconductor Bear 3x Shares	-35.85%	-70.16%
PLTZ Defiance Daily Target 2X Short PLTR ETF	17.95%	-64.39%

Returns By Period

In the year-to-date period, SOXS achieves a -35.85% return, which is significantly lower than PLTZ's 17.95% return.

SOXS

• 1D: -18.22%
• 1M: 12.17%
• YTD: -35.85%
• 6M: -60.64%
• 1Y: -92.86%
• 3Y*: -75.94%
• 5Y*: -69.51%
• 10Y*: -74.41%

PLTZ

• 1D: -12.66%
• 1M: -18.37%
• YTD: 17.95%
• 6M: 2.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXS vs. PLTZ - Expense Ratio Comparison

SOXS has a 1.08% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

PLTZ

Defiance Daily Target 2X Short PLTR ETF

SOXS

Direxion Daily Semiconductor Bear 3x Shares

Return for Risk

SOXS vs. PLTZ — 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: 4

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. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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.

	SOXS	PLTZ	Difference
Sharpe ratio Return per unit of total volatility	-0.78	—	—
Sortino ratio Return per unit of downside risk	-1.97	—	—
Omega ratio Gain probability vs. loss probability	0.75	—	—
Calmar ratio Return relative to maximum drawdown	-0.96	—	—
Martin ratio Return relative to average drawdown	-1.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SOXS	PLTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	-0.67	-0.09

Correlation

The correlation between SOXS and PLTZ is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SOXS vs. PLTZ - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 8.42%, while PLTZ has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SOXS Direxion Daily Semiconductor Bear 3x Shares	8.42%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SOXS vs. PLTZ - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, which is greater than PLTZ's maximum drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for SOXS and PLTZ.

Drawdown Indicators

	SOXS	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-69.95%	-30.05%
Max Drawdown (1Y) Largest decline over 1 year	-96.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	—	—
Current Drawdown Current decline from peak	-100.00%	-58.00%	-42.00%
Average Drawdown Average peak-to-trough decline	-92.52%	-50.80%	-41.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	85.40%	—	—

Volatility

Volatility by Period

	SOXS	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	78.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	119.87%	99.11%	+20.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.45%	99.11%	+7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.17%	99.11%	+0.06%