SOXS vs. SDAY.NEO
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while SDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. SOXS is passively managed, while SDAY.NEO is actively managed. At a correlation of -0.15, they often move in opposite directions. SOXS charges 1.08%/yr vs 0.85%/yr for SDAY.NEO.
Performance
SOXS vs. SDAY.NEO - Performance Comparison
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Different Trading Currencies
SOXS is traded in USD, while SDAY.NEO is traded in CAD. To make them comparable, the SDAY.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOXS achieves a -93.64% return, which is significantly lower than SDAY.NEO's 10.49% 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%
SDAY.NEO
- 1D
- 0.37%
- 1M
- 4.70%
- YTD
- 10.49%
- 6M
- 9.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS vs. SDAY.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.64% | -55.35% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 10.49% | 4.40% |
Correlation
The correlation between SOXS and SDAY.NEO is -0.15, 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 (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.15 |
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Return for Risk
SOXS vs. SDAY.NEO — Risk / Return Rank
SOXS
SDAY.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS vs. SDAY.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Hamilton Enhanced U.S. Equity DayMAX™ ETF (SDAY.NEO). 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 | SDAY.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.60 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | — | — |
| Martin ratioReturn relative to average drawdown | -1.47 | — | — |
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Drawdowns
SOXS vs. SDAY.NEO - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than SDAY.NEO's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for SOXS and SDAY.NEO.
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Drawdown Indicators
| SOXS | SDAY.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -8.14% | -91.86% |
Max Drawdown (1Y)Largest decline over 1 year | -97.85% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -99.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -0.18% | -99.82% |
Average DrawdownAverage peak-to-trough decline | -92.60% | -1.83% | -90.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.09% | — | — |
Volatility
SOXS vs. SDAY.NEO - Volatility Comparison
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Volatility by Period
| SOXS | SDAY.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 96.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 112.29% | 12.24% | +100.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.26% | 12.24% | +98.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.64% | 12.24% | +89.40% |
SOXS vs. SDAY.NEO - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than SDAY.NEO's 0.85% expense ratio.
Dividends
SOXS vs. SDAY.NEO - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 84.95%, more than SDAY.NEO's 16.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 16.66% | 8.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
SOXS and SDAY.NEO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDAY.NEO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDAY.NEO is cheaper with a 0.85% expense ratio, compared with 1.08% for SOXS.
SOXS is categorized as Inverse Equities, while SDAY.NEO is Derivative Income. They also come from different issuers: Direxion and Hamilton Capital. Their fees differ too: 1.08% for SOXS and 0.85% for SDAY.NEO.
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