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 -98.20% vs -15.64% for YQQQ. A 0.78 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 -94.69% return, which is significantly lower than YQQQ's -9.16% return.
SOXS
- 1D
- -8.08%
- 1M
- -57.31%
- YTD
- -94.69%
- 6M
- -94.57%
- 1Y
- -98.20%
- 3Y*
- -88.23%
- 5Y*
- -81.24%
- 10Y*
- -79.95%
YQQQ
- 1D
- 0.60%
- 1M
- -3.03%
- YTD
- -9.16%
- 6M
- -8.38%
- 1Y
- -15.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.69% | -85.53% | -11.41% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -9.16% | -9.97% | -5.17% |
Correlation
The correlation between SOXS and YQQQ is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | 0.78 |
The correlation between SOXS and YQQQ has been stable across timeframes, ranging from 0.76 to 0.78 - 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 | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 0.82 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | -0.72 | -0.28 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.74 | +0.28 |
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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 | -98.17% | -21.80% | -76.37% |
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% | -28.34% | -71.66% |
Average DrawdownAverage peak-to-trough decline | -92.60% | -14.55% | -78.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.64% | 9.55% | +58.09% |
Volatility
SOXS vs. YQQQ - Volatility Comparison
Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 61.89% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 5.66%. 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 | 61.89% | 5.66% | +56.23% |
Volatility (6M)Calculated over the trailing 6-month period | 97.94% | 10.98% | +86.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.12% | 13.50% | +101.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.92% | 16.52% | +94.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 16.52% | +85.47% |
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 101.68%, more than YQQQ's 30.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 101.68% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 30.77% | 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 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (61.89%) compared to YQQQ (5.66%). In terms of maximum drawdown, SOXS dropped -100.00% vs YQQQ's -29.10%.
On 1-year performance, YQQQ leads with -15.64% vs -98.20% for SOXS. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 5.66%. 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 -15.64% return vs -98.20%. 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 101.68%, compared with 30.77% 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.
SOXS currently has the higher Sharpe Ratio (-0.85 vs -1.17), 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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