SOXX vs. SOXS
Compare and contrast key facts about iShares PHLX Semiconductor ETF (SOXX) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
SOXX and SOXS 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. SOXS 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 SOXS 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 SOXS.
Performance
SOXX vs. SOXS - Performance Comparison
Returns By Period
In the year-to-date period, SOXX achieves a 10.51% return, which is significantly higher than SOXS's -55.35% return. Over the past 10 years, SOXX has outperformed SOXS with an annualized return of 23.12%, while SOXS has yielded a comparatively lower -65.40% annualized return.
SOXX
10.51%
-7.10%
-7.12%
24.59%
22.96%
23.12%
SOXS
-55.35%
21.40%
-13.48%
-69.21%
-75.56%
-65.40%
Key characteristics
| SOXX | SOXS | |
|---|---|---|
| Sharpe Ratio | 0.72 | -0.68 |
| Sortino Ratio | 1.15 | -0.92 |
| Omega Ratio | 1.15 | 0.90 |
| Calmar Ratio | 0.99 | -0.69 |
| Martin Ratio | 2.48 | -1.12 |
| Ulcer Index | 9.94% | 62.05% |
| Daily Std Dev | 34.29% | 102.39% |
| Max Drawdown | -70.21% | -100.00% |
| Current Drawdown | -20.25% | -100.00% |
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SOXX vs. SOXS - Expense Ratio Comparison
SOXX has a 0.46% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Correlation
The correlation between SOXX and SOXS is -0.76. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SOXX vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares PHLX Semiconductor ETF (SOXX) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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. SOXS - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.69%, less than SOXS's 6.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares PHLX Semiconductor ETF | 0.69% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 6.44% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SOXX vs. SOXS - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SOXX and SOXS. For additional features, visit the drawdowns tool.
Volatility
SOXX vs. SOXS - Volatility Comparison
The current volatility for iShares PHLX Semiconductor ETF (SOXX) is 8.72%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 25.56%. This indicates that SOXX experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.