SOXS vs. XDSQ
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. SOXS is passively managed, while XDSQ is actively managed. Over the past 5 years, SOXS returned -79.75%/yr vs 9.92%/yr for XDSQ. At a correlation of -0.74, they often move in opposite directions. SOXS charges 1.08%/yr vs 0.79%/yr for XDSQ.
Performance
SOXS vs. XDSQ - Performance Comparison
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Returns By Period
In the year-to-date period, SOXS achieves a -91.68% return, which is significantly lower than XDSQ's 2.79% return.
SOXS
- 1D
- -17.41%
- 1M
- -60.17%
- YTD
- -91.68%
- 6M
- -91.80%
- 1Y
- -97.83%
- 3Y*
- -86.41%
- 5Y*
- -79.75%
- 10Y*
- -78.81%
XDSQ
- 1D
- 0.14%
- 1M
- 1.42%
- YTD
- 2.79%
- 6M
- 4.20%
- 1Y
- 16.69%
- 3Y*
- 15.01%
- 5Y*
- 9.92%
- 10Y*
- —
SOXS vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.68% | -85.53% | -59.55% | -84.56% | 15.76% | -60.73% |
XDSQ Innovator US Equity Accelerated ETF | 2.79% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Correlation
The correlation between SOXS and XDSQ is -0.64, 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 | -0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.74 |
The correlation between SOXS and XDSQ shifts across timeframes, from -0.74 (all time) to -0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOXS vs. XDSQ — Risk / Return Rank
SOXS
XDSQ
SOXS vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and Innovator US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.96 | 1.59 | -2.55 |
Sortino ratioReturn per unit of downside risk | -3.97 | 2.18 | -6.15 |
Omega ratioGain probability vs. loss probability | 0.58 | 1.33 | -0.75 |
Calmar ratioReturn relative to maximum drawdown | -1.00 | 1.77 | -2.77 |
Martin ratioReturn relative to average drawdown | -1.39 | 8.43 | -9.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXS | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 1.59 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.74 | 0.65 | -1.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 0.69 | -1.48 |
Drawdowns
SOXS vs. XDSQ - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for SOXS and XDSQ.
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Drawdown Indicators
| SOXS | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -26.06% | -73.94% |
Max Drawdown (1Y)Largest decline over 1 year | -97.64% | -9.60% | -88.04% |
Max Drawdown (3Y)Largest decline over 3 years | -99.79% | -19.15% | -80.64% |
Max Drawdown (5Y)Largest decline over 5 years | -99.97% | -26.06% | -73.91% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -92.60% | -4.97% | -87.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.48% | 2.01% | +68.47% |
Volatility
SOXS vs. XDSQ - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 44.74% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.61%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.74% | 0.61% | +44.13% |
Volatility (6M)Calculated over the trailing 6-month period | 83.91% | 8.40% | +75.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.16% | 10.56% | +91.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.22% | 15.27% | +92.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.49% | 15.11% | +85.38% |
SOXS vs. XDSQ - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Dividends
SOXS vs. XDSQ - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 64.90%, while XDSQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.90% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOXS and XDSQ have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.74%) compared to XDSQ (0.61%). In terms of maximum drawdown, SOXS dropped -100.00% vs XDSQ's -26.06%.
On 5-year performance, XDSQ leads with 9.92% vs -79.75% for SOXS. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDSQ has performed better with a 9.92% return vs -79.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDSQ is cheaper with a 0.79% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.90%, compared with 0.00% for XDSQ.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.08% for SOXS and 0.79% for XDSQ.
XDSQ currently has the higher Sharpe Ratio (1.59 vs -0.96), 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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