TBXU vs. SOXL
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion. TBXU is actively managed, while SOXL is passively managed. Their 0.11 correlation means their historical movements had little consistent relationship. TBXU charges 0.98%/yr vs 0.75%/yr for SOXL.
Performance
TBXU vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a 11.23% return, which is significantly lower than SOXL's 172.95% return.
TBXU
- 1D
- -0.01%
- 1M
- -1.05%
- 6M
- 4.08%
- YTD
- 11.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXL
- 1D
- 0.00%
- 1M
- -47.27%
- 6M
- 85.66%
- YTD
- 172.95%
- 1Y
- 359.38%
- 3Y*
- 60.01%
- 5Y*
- 21.65%
- 10Y*
- 48.63%
- ALL TIME*
- 38.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.60B | $10.77B | $11.72B | |
| $63.65K | $98.60K | $56.83K |
TBXU vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 11.23% | 17.10% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 172.95% | 20.64% |
Correlation
The correlation between TBXU and SOXL is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.11 |
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Return for Risk
TBXU vs. SOXL — Risk / Return Rank
TBXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
TBXU vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.
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.
| TBXU | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.22 | — |
| Martin ratioReturn relative to average drawdown | — | 18.04 | — |
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Drawdowns
TBXU vs. SOXL - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TBXU and SOXL.
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Drawdown Indicators
| TBXU | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -90.46% | +63.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -6.69% | -61.86% | +55.17% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -35.00% | +25.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 20.04% | — |
Volatility
TBXU vs. SOXL - Volatility Comparison
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Volatility by Period
| TBXU | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 52.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 115.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.06% | 130.99% | -88.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 113.21% | -71.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.06% | 102.11% | -60.05% |
TBXU vs. SOXL - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
TBXU vs. SOXL - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.82%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.82% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TBXU and SOXL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOXL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.98% for TBXU.
TBXU has the higher dividend yield at 1.82%, compared with 0.01% for SOXL.
Their fees differ too: 0.98% for TBXU and 0.75% for SOXL.
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