SOXS vs. VOO
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SOXS returned -79.54%/yr vs 15.61%/yr for VOO. At a correlation of -0.77, they often move in opposite directions. SOXS charges 1.08%/yr vs 0.03%/yr for VOO.
Performance
SOXS vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, SOXS achieves a -93.50% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, SOXS has underperformed VOO with an annualized return of -79.54%, while VOO has yielded a comparatively higher 15.61% annualized return.
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
SOXS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.50% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between SOXS and VOO is -0.72, 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 | -0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | -0.77 |
The correlation between SOXS and VOO has been stable across timeframes, ranging from -0.79 to -0.72 - a consistent structural relationship.
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Return for Risk
SOXS vs. VOO — Risk / Return Rank
SOXS
VOO
SOXS vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -6.01 | ||
| Omega ratioGain probability vs. loss probability | 0.63 | 1.35 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.67 | -3.67 |
| Martin ratioReturn relative to average drawdown | -1.51 | 11.96 | -13.47 |
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Drawdowns
SOXS vs. VOO - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SOXS and VOO.
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Drawdown Indicators
| SOXS | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -33.99% | -66.01% |
Max Drawdown (1Y)Largest decline over 1 year | -97.94% | -8.90% | -89.04% |
Max Drawdown (3Y)Largest decline over 3 years | -99.87% | -18.69% | -81.18% |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | -24.52% | -75.46% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -33.99% | -66.01% |
Current DrawdownCurrent decline from peak | -100.00% | -3.14% | -96.86% |
Average DrawdownAverage peak-to-trough decline | -92.61% | -3.68% | -88.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.48% | 1.99% | +65.49% |
Volatility
SOXS vs. VOO - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 66.67% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 66.67% | 4.83% | +61.84% |
Volatility (6M)Calculated over the trailing 6-month period | 100.39% | 9.82% | +90.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.32% | 12.46% | +104.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.39% | 16.91% | +94.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.09% | 18.02% | +84.07% |
SOXS vs. VOO - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
SOXS vs. VOO - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 83.05%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
SOXS and VOO have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to VOO (4.83%). In terms of maximum drawdown, SOXS dropped -100.00% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.61% vs -79.54% for SOXS. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.61% return vs -79.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 83.05%, compared with 1.05% for VOO.
SOXS is categorized as Inverse Equities, while VOO is S&P 500. SOXS tracks PHLX Semiconductor Index (-300%), while VOO tracks S&P 500 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 1.08% for SOXS and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.91 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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