SQQQ vs. SOXS
Compare and contrast key facts about ProShares UltraPro Short QQQ (SQQQ) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
SQQQ and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. 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 SQQQ 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: SQQQ or SOXS.
Key characteristics
| SQQQ | SOXS | |
|---|---|---|
| YTD Return | -51.04% | -63.13% |
| 1Y Return | -61.09% | -77.24% |
| 3Y Return (Ann) | -39.70% | -62.45% |
| 5Y Return (Ann) | -59.85% | -76.62% |
| 10Y Return (Ann) | -52.54% | -66.08% |
| Sharpe Ratio | -1.22 | -0.78 |
| Sortino Ratio | -2.27 | -1.47 |
| Omega Ratio | 0.75 | 0.84 |
| Calmar Ratio | -0.64 | -0.80 |
| Martin Ratio | -1.57 | -1.25 |
| Ulcer Index | 40.67% | 64.16% |
| Daily Std Dev | 52.03% | 102.37% |
| Max Drawdown | -100.00% | -100.00% |
| Current Drawdown | -100.00% | -100.00% |
Correlation
The correlation between SQQQ and SOXS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SQQQ vs. SOXS - Performance Comparison
In the year-to-date period, SQQQ achieves a -51.04% return, which is significantly higher than SOXS's -63.13% return. Over the past 10 years, SQQQ has outperformed SOXS with an annualized return of -52.54%, while SOXS has yielded a comparatively lower -66.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SQQQ vs. SOXS - Expense Ratio Comparison
SQQQ has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
SQQQ vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) 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
SQQQ vs. SOXS - Dividend Comparison
SQQQ's dividend yield for the trailing twelve months is around 10.05%, more than SOXS's 7.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 10.05% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.80% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% | 0.00% |
Drawdowns
SQQQ vs. SOXS - Drawdown Comparison
The maximum SQQQ drawdown since its inception was -100.00%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SQQQ and SOXS. For additional features, visit the drawdowns tool.
Volatility
SQQQ vs. SOXS - Volatility Comparison
The current volatility for ProShares UltraPro Short QQQ (SQQQ) is 15.54%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 27.97%. This indicates that SQQQ 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.