TPOR vs. SOXS
TPOR (Direxion Daily Transportation Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - TPOR tracks the Dow Jones Transportation Average Index (300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, TPOR returned -2.85%/yr vs -79.66%/yr for SOXS. At a correlation of -0.56, they often move in opposite directions. TPOR charges 1.01%/yr vs 1.08%/yr for SOXS.
Performance
TPOR vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPOR achieves a 28.21% return, which is significantly higher than SOXS's -92.10% return.
TPOR
- 1D
- -1.44%
- 1M
- 22.42%
- YTD
- 28.21%
- 6M
- 24.20%
- 1Y
- 72.44%
- 3Y*
- 17.48%
- 5Y*
- -2.85%
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
TPOR vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 28.21% | 3.26% | -9.12% | 54.60% | -58.70% | 105.18% | -7.30% | 47.92% | -44.95% | 52.32% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -55.56% |
Correlation
The correlation between TPOR and SOXS is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.55 |
Correlation (All Time) Calculated using the full available price history since May 4, 2017 | -0.56 |
The correlation between TPOR and SOXS shifts across timeframes, from -0.56 (all time) to -0.42 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPOR vs. SOXS — Risk / Return Rank
TPOR
SOXS
TPOR vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.
| TPOR | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | -0.96 | +2.19 |
Sortino ratioReturn per unit of downside risk | 1.82 | -3.94 | +5.77 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.58 | +0.64 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | -1.00 | +3.14 |
Martin ratioReturn relative to average drawdown | 6.07 | -1.44 | +7.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TPOR | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | -0.96 | +2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.74 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | -0.79 | +0.88 |
Drawdowns
TPOR vs. SOXS - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TPOR and SOXS.
Loading charts...
Drawdown Indicators
| TPOR | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.59% | -100.00% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -34.00% | -97.68% | +63.68% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | -99.80% | +35.69% |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | -99.97% | +25.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -31.66% | -100.00% | +68.34% |
Average DrawdownAverage peak-to-trough decline | -38.70% | -92.60% | +53.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.98% | 68.64% | -56.66% |
Volatility
TPOR vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Transportation Bull 3X Shares (TPOR) is 16.85%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that TPOR 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.
Loading charts...
Volatility by Period
| TPOR | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.85% | 44.22% | -27.37% |
Volatility (6M)Calculated over the trailing 6-month period | 44.80% | 83.94% | -39.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.27% | 102.18% | -42.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.75% | 108.21% | -40.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.94% | 100.48% | -29.54% |
TPOR vs. SOXS - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
TPOR vs. SOXS - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 0.71%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
TPOR Direxion Daily Transportation Bull 3X Shares | 0.71% | 0.91% | 1.43% | 1.51% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% |
Frequently Asked Questions
TPOR and SOXS have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to TPOR (16.85%). In terms of maximum drawdown, TPOR dropped -87.59% vs SOXS's -100.00%.
On 5-year performance, TPOR leads with -2.85% vs -79.66% for SOXS. On fees, TPOR is cheaper at 1.01% per year. On volatility, TPOR has been the lower-risk option at 16.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TPOR has performed better with a -2.85% return vs -79.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TPOR is cheaper with a 1.01% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 0.71% for TPOR.
TPOR tracks Dow Jones Transportation Average Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.01% for TPOR and 1.08% for SOXS.
TPOR currently has the higher Sharpe Ratio (1.23 vs -0.96), 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.
Find the right allocation for TPOR and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer