SRTY vs. SOXL

Last updated Jun 4, 2026

SRTY (ProShares UltraPro Short Russell2000) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - SRTY tracks the Russell 2000 Index (-300%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, SRTY returned -43.65%/yr vs 65.39%/yr for SOXL. At a correlation of -0.70, they often move in opposite directions. SRTY charges 0.95%/yr vs 0.75%/yr for SOXL.

Performance

SRTY vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRTY achieves a -40.40% return, which is significantly lower than SOXL's 567.48% return. Over the past 10 years, SRTY has underperformed SOXL with an annualized return of -43.65%, while SOXL has yielded a comparatively higher 65.39% annualized return.

SRTY

• 1D: 4.15%
• 1M: -10.54%
• YTD: -40.40%
• 6M: -38.33%
• 1Y: -65.58%
• 3Y*: -45.16%
• 5Y*: -30.75%
• 10Y*: -43.65%

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRTY vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRTY ProShares UltraPro Short Russell2000	-40.40%	-40.55%	-32.91%	-42.02%	28.99%	-51.67%	-80.61%	-53.83%	23.37%	-38.31%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between SRTY and SOXL is -0.64, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.64
Correlation (3Y) Calculated over the trailing 3-year period	-0.63
Correlation (5Y) Calculated over the trailing 5-year period	-0.69
Correlation (10Y) Calculated over the trailing 10-year period	-0.67
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010	-0.70

The correlation between SRTY and SOXL has been stable across timeframes, ranging from -0.70 to -0.63 - a consistent structural relationship.

SRTY vs. SOXL - Sectors Allocation Comparison

Sectors	SRTY	SOXL
Financial Services	86.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

SRTY vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRTY

SRTY Risk / Return Rank: 1
SRTY Sharpe Ratio Rank: 1
SRTY Sortino Ratio Rank: 1
SRTY Omega Ratio Rank: 1
SRTY Calmar Ratio Rank: 1
SRTY Martin Ratio Rank: 1

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRTY vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) and Direxion Daily Semiconductor Bull 3X ETF (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.

	SRTY	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	14.28	-15.44
Sortino ratio: Return per unit of downside risk	-2.07	5.17	-7.24
Omega ratio: Gain probability vs. loss probability	0.78	1.72	-0.94
Calmar ratio: Return relative to maximum drawdown	-0.97	33.47	-34.45
Martin ratio: Return relative to average drawdown	-1.50	114.79	-116.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRTY vs. SOXL - Sharpe Ratio Comparison

The current SRTY Sharpe Ratio is -1.15, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of SRTY and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SRTY	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.15	14.28	-15.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.46	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.64	0.66	-1.30
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	0.52	-1.21

Drawdowns

SRTY vs. SOXL - Drawdown Comparison

The maximum SRTY drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SRTY and SOXL.

Drawdown Indicators

	SRTY	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-90.46%	-9.54%
Max Drawdown (1Y) Largest decline over 1 year	-67.42%	-43.47%	-23.95%
Max Drawdown (3Y) Largest decline over 3 years	-88.56%	-87.88%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-91.18%	-90.46%	-0.72%
Max Drawdown (10Y) Largest decline over 10 years	-99.74%	-90.46%	-9.28%
Current Drawdown Current decline from peak	-99.99%	0.00%	-99.99%
Average Drawdown Average peak-to-trough decline	-93.78%	-35.01%	-58.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.59%	12.65%	+30.94%

Volatility

SRTY vs. SOXL - Volatility Comparison

The current volatility for ProShares UltraPro Short Russell2000 (SRTY) is 17.30%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that SRTY 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.

Volatility by Period

	SRTY	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.30%	40.82%	-23.52%
Volatility (6M) Calculated over the trailing 6-month period	40.81%	81.29%	-40.48%
Volatility (1Y) Calculated over the trailing 1-year period	57.22%	102.11%	-44.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.43%	107.25%	-39.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.34%	99.04%	-30.70%

SRTY vs. SOXL - Expense Ratio Comparison

SRTY has a 0.95% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

SRTY vs. SOXL - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 9.17%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
SRTY ProShares UltraPro Short Russell2000	9.17%	6.87%	9.40%	4.93%	0.17%	0.00%	0.95%	2.13%	0.70%	0.04%	0.00%

Frequently Asked Questions

Can I hold both SRTY and SOXL in my portfolio?

SRTY and SOXL have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRTY or SOXL?

SOXL has higher volatility (40.82%) compared to SRTY (17.30%). In terms of maximum drawdown, SRTY dropped -100.00% vs SOXL's -90.46%.

Which ETF is better, SRTY or SOXL?

On 10-year performance, SOXL leads with 65.39% vs -43.65% for SRTY. On fees, SOXL is cheaper at 0.75% per year. On volatility, SRTY has been the lower-risk option at 17.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRTY or SOXL?

Over the 10-year period, SOXL has performed better with a 65.39% return vs -43.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRTY or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.95% for SRTY.

Which ETF pays a higher dividend yield, SRTY or SOXL?

SRTY has the higher dividend yield at 9.17%, compared with 0.03% for SOXL.

What is the main difference between SRTY and SOXL?

SRTY tracks Russell 2000 Index (-300%), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SRTY and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs -1.15), 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.