SOXS vs. YQQQ
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while YQQQ is a Derivative Income fund actively managed by YieldMax. SOXS is passively managed, while YQQQ is actively managed. Over the past year, SOXS returned -96.62% vs -7.93% for YQQQ. A 0.79 correlation means they provide meaningful diversification when combined. SOXS charges 1.08%/yr vs 0.99%/yr for YQQQ.
Performance
SOXS vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SOXS achieves a -92.43% return, which is significantly lower than YQQQ's -5.25% return.
SOXS
- 1D
- 13.97%
- 1M
- -0.35%
- 6M
- -89.79%
- YTD
- -92.43%
- 1Y
- -96.62%
- 3Y*
- -85.78%
- 5Y*
- -79.45%
- 10Y*
- -78.71%
YQQQ
- 1D
- 1.42%
- 1M
- 2.63%
- 6M
- -4.11%
- YTD
- -5.25%
- 1Y
- -7.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.43% | -85.53% | -11.41% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -5.25% | -9.97% | -5.17% |
Correlation
The correlation between SOXS and YQQQ is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | 0.79 |
The correlation between SOXS and YQQQ has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.
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Return for Risk
SOXS vs. YQQQ — Risk / Return Rank
SOXS
YQQQ
SOXS vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 0.92 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.37 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.43 | -0.85 | -0.58 |
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Drawdowns
SOXS vs. YQQQ - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for SOXS and YQQQ.
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Drawdown Indicators
| SOXS | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -29.10% | -70.90% |
Max Drawdown (1Y)Largest decline over 1 year | -97.89% | -21.80% | -76.09% |
Max Drawdown (3Y)Largest decline over 3 years | -99.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -25.26% | -74.74% |
Average DrawdownAverage peak-to-trough decline | -92.63% | -14.89% | -77.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.54% | 9.31% | +58.23% |
Volatility
SOXS vs. YQQQ - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 66.39% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 6.42%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXS | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 66.39% | 6.42% | +59.97% |
Volatility (6M)Calculated over the trailing 6-month period | 108.48% | 11.66% | +96.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 125.48% | 13.92% | +111.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.09% | 16.58% | +96.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.91% | 16.58% | +86.33% |
SOXS vs. YQQQ - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is higher than YQQQ's 0.99% expense ratio.
Dividends
SOXS vs. YQQQ - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 48.83%, more than YQQQ's 29.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 48.83% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 29.17% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOXS and YQQQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.39%) compared to YQQQ (6.42%). In terms of maximum drawdown, SOXS dropped -100.00% vs YQQQ's -29.10%.
On 1-year performance, YQQQ leads with -7.93% vs -96.62% for SOXS. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YQQQ has performed better with a -7.93% return vs -96.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YQQQ is cheaper with a 0.99% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 48.83%, compared with 29.17% for YQQQ.
SOXS is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.08% for SOXS and 0.99% for YQQQ.
YQQQ currently has the higher Sharpe Ratio (-0.57 vs -0.77), 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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