SOXS vs. SQQQ
Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and ProShares UltraPro Short QQQ (SQQQ).
SOXS and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both SOXS and SQQQ 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 SQQQ.
Key characteristics
| SOXS | SQQQ | |
|---|---|---|
| YTD Return | -59.42% | -50.54% |
| 1Y Return | -72.69% | -58.44% |
| 3Y Return (Ann) | -61.12% | -39.42% |
| 5Y Return (Ann) | -76.08% | -59.62% |
| 10Y Return (Ann) | -65.73% | -52.46% |
| Sharpe Ratio | -0.74 | -1.18 |
| Sortino Ratio | -1.23 | -2.13 |
| Omega Ratio | 0.86 | 0.77 |
| Calmar Ratio | -0.76 | -0.61 |
| Martin Ratio | -1.23 | -1.60 |
| Ulcer Index | 61.72% | 38.15% |
| Daily Std Dev | 102.42% | 51.93% |
| Max Drawdown | -100.00% | -100.00% |
| Current Drawdown | -100.00% | -100.00% |
Correlation
The correlation between SOXS and SQQQ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SOXS vs. SQQQ - Performance Comparison
In the year-to-date period, SOXS achieves a -59.42% return, which is significantly lower than SQQQ's -50.54% return. Over the past 10 years, SOXS has underperformed SQQQ with an annualized return of -65.73%, while SQQQ has yielded a comparatively higher -52.46% annualized 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. SQQQ - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than SQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
SOXS vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and ProShares UltraPro Short QQQ (SQQQ). 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. SQQQ - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 7.09%, less than SQQQ's 9.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.09% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 9.95% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
SOXS vs. SQQQ - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, roughly equal to the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SOXS and SQQQ. For additional features, visit the drawdowns tool.
Volatility
SOXS vs. SQQQ - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 24.15% compared to ProShares UltraPro Short QQQ (SQQQ) at 14.74%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.