SOXS vs. SOXL
Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SOXS and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both SOXS and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOXS or SOXL.
Correlation
The correlation between SOXS and SOXL is -0.55. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SOXS vs. SOXL - Performance Comparison
Key characteristics
SOXS:
-0.42
SOXL:
-0.48
SOXS:
0.15
SOXL:
-0.16
SOXS:
1.02
SOXL:
0.98
SOXS:
-0.55
SOXL:
-0.70
SOXS:
-1.29
SOXL:
-1.21
SOXS:
42.54%
SOXL:
51.61%
SOXS:
130.08%
SOXL:
128.41%
SOXS:
-100.00%
SOXL:
-90.46%
SOXS:
-100.00%
SOXL:
-83.12%
Returns By Period
In the year-to-date period, SOXS achieves a -14.39% return, which is significantly higher than SOXL's -55.92% return. Over the past 10 years, SOXS has underperformed SOXL with an annualized return of -66.35%, while SOXL has yielded a comparatively higher 19.30% annualized return.
SOXS
-14.39%
-16.61%
-6.20%
-49.70%
-72.05%
-66.35%
SOXL
-55.92%
-41.61%
-64.80%
-65.83%
8.19%
19.30%
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SOXS vs. SOXL - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
SOXS vs. SOXL — Risk-Adjusted Performance Rank
SOXS
SOXL
SOXS vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
Dividends
SOXS vs. SOXL - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 5.22%, more than SOXL's 2.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 5.22% | 5.45% | 9.22% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 2.92% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
SOXS vs. SOXL - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SOXS and SOXL. For additional features, visit the drawdowns tool.
Volatility
SOXS vs. SOXL - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 99.20% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 76.13%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.