SOXS vs. XSD
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and XSD (SPDR S&P Semiconductor ETF) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry Index. Both are passively managed. Over the past 10 years, SOXS returned -79.95%/yr vs 31.24%/yr for XSD. At a correlation of -0.94, they often move in opposite directions. SOXS charges 1.08%/yr vs 0.35%/yr for XSD.
Performance
SOXS vs. XSD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SOXS achieves a -94.09% return, which is significantly lower than XSD's 85.99% return. Over the past 10 years, SOXS has underperformed XSD with an annualized return of -79.95%, while XSD has yielded a comparatively higher 31.24% annualized return.
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
XSD
- 1D
- 1.29%
- 1M
- -5.45%
- YTD
- 85.99%
- 6M
- 81.13%
- 1Y
- 135.42%
- 3Y*
- 42.35%
- 5Y*
- 26.57%
- 10Y*
- 31.24%
SOXS vs. XSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
XSD SPDR S&P Semiconductor ETF | 85.99% | 29.85% | 10.75% | 34.87% | -30.92% | 42.54% | 61.95% | 64.66% | -6.35% | 25.21% |
Correlation
The correlation between SOXS and XSD is -0.92, 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 | -0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.94 |
The correlation between SOXS and XSD has been stable across timeframes, ranging from -0.95 to -0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SOXS vs. XSD — Risk / Return Rank
SOXS
XSD
SOXS vs. XSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and SPDR S&P Semiconductor ETF (XSD). 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 | XSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.18 | ||
| Sortino ratioReturn per unit of downside risk | -6.91 | ||
| Omega ratioGain probability vs. loss probability | 0.64 | 1.48 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 7.32 | -8.32 |
| Martin ratioReturn relative to average drawdown | -1.51 | 23.88 | -25.39 |
Loading charts...
Drawdowns
SOXS vs. XSD - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than XSD's maximum drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for SOXS and XSD.
Loading charts...
Drawdown Indicators
| SOXS | XSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -64.56% | -35.44% |
Max Drawdown (1Y)Largest decline over 1 year | -97.88% | -18.61% | -79.27% |
Max Drawdown (3Y)Largest decline over 3 years | -99.87% | -41.25% | -58.62% |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | -42.27% | -57.71% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -42.27% | -57.73% |
Current DrawdownCurrent decline from peak | -100.00% | -7.99% | -92.01% |
Average DrawdownAverage peak-to-trough decline | -92.61% | -13.72% | -78.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.48% | 5.69% | +58.79% |
Volatility
SOXS vs. XSD - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 65.23% compared to SPDR S&P Semiconductor ETF (XSD) at 21.91%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SOXS | XSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 65.23% | 21.91% | +43.32% |
Volatility (6M)Calculated over the trailing 6-month period | 100.97% | 33.57% | +67.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.61% | 40.68% | +76.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.53% | 39.21% | +72.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.14% | 35.44% | +66.70% |
SOXS vs. XSD - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than XSD's 0.35% expense ratio.
Dividends
SOXS vs. XSD - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 62.55%, more than XSD's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 62.55% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% | 0.00% |
XSD SPDR S&P Semiconductor ETF | 0.13% | 0.26% | 0.20% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% |
Frequently Asked Questions
SOXS and XSD have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (65.23%) compared to XSD (21.91%). In terms of maximum drawdown, SOXS dropped -100.00% vs XSD's -64.56%.
On 10-year performance, XSD leads with 31.24% vs -79.95% for SOXS. On fees, XSD is cheaper at 0.35% per year. On volatility, XSD has been the lower-risk option at 21.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XSD has performed better with a 31.24% return vs -79.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSD is cheaper with a 0.35% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 62.55%, compared with 0.13% for XSD.
SOXS is categorized as Inverse Equities, while XSD is Semiconductors. SOXS tracks PHLX Semiconductor Index (-300%), while XSD tracks S&P Semiconductor Select Industry Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.08% for SOXS and 0.35% for XSD.
XSD currently has the higher Sharpe Ratio (3.35 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.
Find the right allocation for SOXS and XSD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer