SOXS vs. SOXQ
Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Invesco PHLX Semiconductor ETF (SOXQ).
SOXS and SOXQ 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. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX / Semiconductor. It was launched on Jun 11, 2021. Both SOXS and SOXQ 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 SOXQ.
Key characteristics
| SOXS | SOXQ | |
|---|---|---|
| YTD Return | -59.42% | 20.65% |
| 1Y Return | -72.69% | 36.70% |
| 3Y Return (Ann) | -61.12% | 10.81% |
| Sharpe Ratio | -0.74 | 1.20 |
| Sortino Ratio | -1.23 | 1.69 |
| Omega Ratio | 0.86 | 1.22 |
| Calmar Ratio | -0.76 | 1.66 |
| Martin Ratio | -1.23 | 4.44 |
| Ulcer Index | 61.72% | 9.42% |
| Daily Std Dev | 102.42% | 34.78% |
| Max Drawdown | -100.00% | -46.01% |
| Current Drawdown | -100.00% | -15.09% |
Correlation
The correlation between SOXS and SOXQ is -0.99. 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. SOXQ - Performance Comparison
In the year-to-date period, SOXS achieves a -59.42% return, which is significantly lower than SOXQ's 20.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOXS vs. SOXQ - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than SOXQ's 0.00% expense ratio.
Risk-Adjusted Performance
SOXS vs. SOXQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Invesco PHLX Semiconductor ETF (SOXQ). 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. SOXQ - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 7.09%, more than SOXQ's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.09% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
SOXQ Invesco PHLX Semiconductor ETF | 0.69% | 0.87% | 1.36% | 0.73% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXS vs. SOXQ - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for SOXS and SOXQ. For additional features, visit the drawdowns tool.
Volatility
SOXS vs. SOXQ - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 24.15% compared to Invesco PHLX Semiconductor ETF (SOXQ) at 8.56%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.