SOXS vs. QQQD
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds from Direxion - SOXS tracks the PHLX Semiconductor Index (-300%) while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, SOXS returned -96.46% vs -14.09% for QQQD. Their 0.61 correlation means they have sometimes moved together and sometimes differently. SOXS charges 1.08%/yr vs 0.57%/yr for QQQD.
Performance
SOXS vs. QQQD - 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 QQQD's 0.46% 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%
QQQD
- 1D
- -3.23%
- 1M
- -1.45%
- 6M
- 0.57%
- YTD
- 0.46%
- 1Y
- -14.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12M | $1.26M | $1.70M | |
| $3.72B | $3.43B | $3.32B |
SOXS vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -25.73% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 0.46% | -20.32% | -27.75% |
Correlation
The correlation between SOXS and QQQD is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.61 |
The correlation between SOXS and QQQD has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
SOXS vs. QQQD — Risk / Return Rank
SOXS
QQQD
SOXS vs. QQQD - 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 Magnificent 7 Bear 1X Shares (QQQD). 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 | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.93 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.51 | -0.47 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.85 | -0.50 |
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Drawdowns
SOXS vs. QQQD - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for SOXS and QQQD.
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Drawdown Indicators
| SOXS | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -49.47% | -50.53% |
Max Drawdown (1Y)Largest decline over 1 year | -97.89% | -21.94% | -75.95% |
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% | -45.68% | -54.32% |
Average DrawdownAverage peak-to-trough decline | -92.65% | -31.27% | -61.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.27% | 13.19% | +58.08% |
Volatility
SOXS vs. QQQD - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 55.41% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 8.15%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.41% | 8.15% | +47.26% |
Volatility (6M)Calculated over the trailing 6-month period | 117.32% | 17.57% | +99.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.87% | 22.50% | +110.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.55% | 26.94% | +87.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.76% | 26.94% | +76.82% |
SOXS vs. QQQD - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
SOXS vs. QQQD - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 41.84%, more than QQQD's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.06% | 4.33% | 5.17% | 0.00% | 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 QQQD have a correlation of 0.52, 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 QQQD (8.15%). In terms of maximum drawdown, SOXS dropped -100.00% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -14.09% vs -96.46% for SOXS. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQD has performed better with a -14.09% return vs -96.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 3.06% for QQQD.
SOXS tracks PHLX Semiconductor Index (-300%), while QQQD tracks Indxx Magnificent 7 Index (-100%). Their fees differ too: 1.08% for SOXS and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.50 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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