SOXS vs. TECL

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Direxion Daily Technology Bull 3X Shares (TECL).

SOXS and TECL 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. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008. Both SOXS and TECL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SOXS vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

SOXS vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXS Direxion Daily Semiconductor Bear 3x Shares	-41.64%	-85.53%	-59.55%	-84.56%	15.76%	-80.94%	-92.90%	-83.81%	-19.39%	-69.39%
TECL Direxion Daily Technology Bull 3X Shares	-23.03%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%

Returns By Period

In the year-to-date period, SOXS achieves a -41.64% return, which is significantly lower than TECL's -23.03% return. Over the past 10 years, SOXS has underperformed TECL with an annualized return of -74.65%, while TECL has yielded a comparatively higher 37.79% annualized return.

SOXS

• 1D: -9.03%
• 1M: 2.04%
• YTD: -41.64%
• 6M: -62.23%
• 1Y: -93.50%
• 3Y*: -76.69%
• 5Y*: -70.08%
• 10Y*: -74.65%

TECL

• 1D: 4.38%
• 1M: -11.82%
• YTD: -23.03%
• 6M: -24.85%
• 1Y: 61.22%
• 3Y*: 37.70%
• 5Y*: 17.45%
• 10Y*: 37.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXS vs. TECL - Expense Ratio Comparison

Both SOXS and TECL have an expense ratio of 1.08%.

SOXS

Direxion Daily Semiconductor Bear 3x Shares

TECL

Direxion Daily Technology Bull 3X Shares

Return for Risk

SOXS vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 1
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 3

TECL

TECL Risk / Return Rank: 48
TECL Sharpe Ratio Rank: 39
TECL Sortino Ratio Rank: 56
TECL Omega Ratio Rank: 53
TECL Calmar Ratio Rank: 52
TECL Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXS vs. TECL - 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 Technology Bull 3X Shares (TECL). 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.

	SOXS	TECL	Difference
Sharpe ratio Return per unit of total volatility	-0.78	0.77	-1.55
Sortino ratio Return per unit of downside risk	-2.06	1.49	-3.55
Omega ratio Gain probability vs. loss probability	0.74	1.21	-0.47
Calmar ratio Return relative to maximum drawdown	-0.97	1.38	-2.35
Martin ratio Return relative to average drawdown	-1.09	3.85	-4.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXS vs. TECL - Sharpe Ratio Comparison

The current SOXS Sharpe Ratio is -0.78, which is lower than the TECL Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of SOXS and TECL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXS	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	0.77	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	0.24	-0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.75	0.53	-1.28
Sharpe Ratio (All Time) Calculated using the full available price history	-0.76	0.63	-1.39

Correlation

The correlation between SOXS and TECL is -0.85. 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.

Dividends

SOXS vs. TECL - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 9.25%, which matches TECL's 9.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXS Direxion Daily Semiconductor Bear 3x Shares	9.25%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	9.23%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Drawdowns

SOXS vs. TECL - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for SOXS and TECL.

Drawdown Indicators

	SOXS	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-77.96%	-22.04%
Max Drawdown (1Y) Largest decline over 1 year	-96.52%	-46.58%	-49.94%
Max Drawdown (5Y) Largest decline over 5 years	-99.85%	-77.96%	-21.89%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-77.96%	-22.04%
Current Drawdown Current decline from peak	-100.00%	-37.08%	-62.92%
Average Drawdown Average peak-to-trough decline	-92.53%	-18.49%	-74.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	85.61%	16.75%	+68.86%

Volatility

SOXS vs. TECL - Volatility Comparison

Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 39.00% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 24.34%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXS	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.00%	24.34%	+14.66%
Volatility (6M) Calculated over the trailing 6-month period	79.00%	49.46%	+29.54%
Volatility (1Y) Calculated over the trailing 1-year period	120.15%	79.85%	+40.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.42%	73.52%	+32.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.19%	71.84%	+27.35%