SOXS vs. TPRF.TO
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and TPRF.TO (TD Active Preferred Share ETF) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while TPRF.TO is a Preferred Stock/Convertible Bonds fund actively managed by TD. SOXS is passively managed, while TPRF.TO is actively managed. Over the past 5 years, SOXS returned -80.55%/yr vs 5.64%/yr for TPRF.TO. At a correlation of -0.15, they often move in opposite directions. SOXS charges 1.08%/yr vs 0.50%/yr for TPRF.TO.
Performance
SOXS vs. TPRF.TO - Performance Comparison
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Different Trading Currencies
SOXS is traded in USD, while TPRF.TO is traded in CAD. To make them comparable, the TPRF.TO 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 TPRF.TO's 2.81% 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%
TPRF.TO
- 1D
- 0.06%
- 1M
- -1.49%
- YTD
- 2.81%
- 6M
- 4.64%
- 1Y
- 14.07%
- 3Y*
- 16.75%
- 5Y*
- 5.64%
- 10Y*
- —
SOXS vs. TPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.64% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -0.49% |
TPRF.TO TD Active Preferred Share ETF | 2.81% | 23.86% | 18.63% | 8.10% | -20.50% | 31.85% | 7.20% | 16.81% | -16.77% |
Correlation
The correlation between SOXS and TPRF.TO is -0.11, 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 (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | -0.15 |
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Return for Risk
SOXS vs. TPRF.TO — Risk / Return Rank
SOXS
TPRF.TO
SOXS vs. TPRF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and TD Active Preferred Share ETF (TPRF.TO). 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 | TPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -7.24 | ||
| Omega ratioGain probability vs. loss probability | 0.60 | 1.43 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 4.02 | -5.02 |
| Martin ratioReturn relative to average drawdown | -1.47 | 14.58 | -16.05 |
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Drawdowns
SOXS vs. TPRF.TO - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than TPRF.TO's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for SOXS and TPRF.TO.
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Drawdown Indicators
| SOXS | TPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -49.52% | -50.48% |
Max Drawdown (1Y)Largest decline over 1 year | -97.85% | -3.51% | -94.34% |
Max Drawdown (3Y)Largest decline over 3 years | -99.84% | -11.55% | -88.29% |
Max Drawdown (5Y)Largest decline over 5 years | -99.97% | -29.88% | -70.09% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -1.82% | -98.18% |
Average DrawdownAverage peak-to-trough decline | -92.60% | -9.51% | -83.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.09% | 0.97% | +67.12% |
Volatility
SOXS vs. TPRF.TO - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 59.88% compared to TD Active Preferred Share ETF (TPRF.TO) at 1.43%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than TPRF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | TPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.88% | 1.43% | +58.45% |
Volatility (6M)Calculated over the trailing 6-month period | 96.36% | 4.11% | +92.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.29% | 6.07% | +106.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.26% | 11.96% | +98.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.64% | 17.22% | +84.42% |
SOXS vs. TPRF.TO - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than TPRF.TO's 0.50% expense ratio.
Dividends
SOXS vs. TPRF.TO - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 84.95%, more than TPRF.TO's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
TPRF.TO TD Active Preferred Share ETF | 4.51% | 4.36% | 4.56% | 5.74% | 4.99% | 4.04% | 5.09% | 5.05% | 0.00% |
Frequently Asked Questions
SOXS and TPRF.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPRF.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPRF.TO is cheaper with a 0.50% expense ratio, compared with 1.08% for SOXS.
SOXS is categorized as Inverse Equities, while TPRF.TO is Preferred Stock/Convertible Bonds. They also come from different issuers: Direxion and TD. Their fees differ too: 1.08% for SOXS and 0.50% for TPRF.TO.
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