SOXX vs. SOXL
Compare and contrast key facts about iShares PHLX Semiconductor ETF (SOXX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SOXX and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both SOXX and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOXX or SOXL.
Key characteristics
| SOXX | SOXL | |
|---|---|---|
| YTD Return | 12.68% | 24.21% |
| 1Y Return | 63.29% | 188.35% |
| 3Y Return (Ann) | 19.67% | 5.26% |
| 5Y Return (Ann) | 28.88% | 25.36% |
| 10Y Return (Ann) | 28.04% | 40.85% |
| Sharpe Ratio | 2.17 | 2.16 |
| Daily Std Dev | 28.73% | 84.95% |
| Max Drawdown | -69.65% | -90.46% |
| Current Drawdown | -8.98% | -45.75% |
Correlation
The correlation between SOXX and SOXL is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SOXX vs. SOXL - Performance Comparison
In the year-to-date period, SOXX achieves a 12.68% return, which is significantly lower than SOXL's 24.21% return. Over the past 10 years, SOXX has underperformed SOXL with an annualized return of 28.04%, while SOXL has yielded a comparatively higher 40.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOXX vs. SOXL - Expense Ratio Comparison
SOXX has a 0.46% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
SOXX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares PHLX Semiconductor ETF (SOXX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
Dividends
SOXX vs. SOXL - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 1.70%, more than SOXL's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares PHLX Semiconductor ETF | 1.70% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.43% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXX vs. SOXL - Drawdown Comparison
The maximum SOXX drawdown since its inception was -69.65%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SOXX and SOXL. For additional features, visit the drawdowns tool.
Volatility
SOXX vs. SOXL - Volatility Comparison
The current volatility for iShares PHLX Semiconductor ETF (SOXX) is 10.07%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.71%. This indicates that SOXX experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.