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 -78.06%/yr vs 15.14%/yr for VOO. Their -0.77 correlation means they have often moved in opposite directions in the past. 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 -91.17% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, SOXS has underperformed VOO with an annualized return of -78.06%, while VOO has yielded a comparatively higher 15.14% annualized return.
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.72B | $3.43B | $3.32B | |
| $3.82B | $3.78B | $5.44B |
SOXS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
VOO Vanguard S&P 500 ETF | 10.16% | 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 -0.74, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.74 |
Correlation (3Y) Balances recent behavior with more history. | -0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 -0.74 - 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 | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.59 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.28 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.21 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.35 | 9.44 | -10.79 |
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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 | -97.89% | -8.90% | -88.99% |
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% | -1.38% | -98.62% |
Average DrawdownAverage peak-to-trough decline | -92.65% | -3.67% | -88.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.27% | 2.08% | +69.19% |
Volatility
SOXS vs. VOO - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 55.41% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. 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 | 55.41% | 3.54% | +51.87% |
Volatility (6M)Calculated over the trailing 6-month period | 117.32% | 10.10% | +107.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.87% | 12.82% | +120.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.55% | 16.93% | +97.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.76% | 18.01% | +85.75% |
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 41.84%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 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 | 1.07% | 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 -0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to VOO (3.54%). In terms of maximum drawdown, SOXS dropped -100.00% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.14% vs -78.06% for SOXS. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. 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 15.14% return vs -78.06%. 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 41.84%, compared with 1.07% 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 (1.53 vs -0.73), 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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