TPOR vs. SOXS
TPOR (Direxion Daily Transportation Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - TPOR is a Leveraged Equities fund tracking the Dow Jones Transportation Average Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, TPOR returned 3.18%/yr vs -79.45%/yr for SOXS. At a correlation of -0.55, they often move in opposite directions. TPOR charges 1.01%/yr vs 1.08%/yr for SOXS.
Performance
TPOR vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, TPOR achieves a 46.54% return, which is significantly higher than SOXS's -92.43% return.
TPOR
- 1D
- -0.50%
- 1M
- 4.17%
- 6M
- 29.62%
- YTD
- 46.54%
- 1Y
- 52.55%
- 3Y*
- 11.58%
- 5Y*
- 3.18%
- 10Y*
- —
SOXS
- 1D
- 13.97%
- 1M
- -0.35%
- 6M
- -89.79%
- YTD
- -92.43%
- 1Y
- -96.62%
- 3Y*
- -85.78%
- 5Y*
- -79.45%
- 10Y*
- -78.71%
TPOR vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 46.54% | 3.26% | -9.12% | 54.60% | -58.70% | 105.18% | -7.30% | 47.92% | -44.95% | 51.65% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.43% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -56.06% |
Correlation
The correlation between TPOR and SOXS is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.55 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | -0.55 |
The correlation between TPOR and SOXS shifts across timeframes, from -0.55 (all time) to -0.37 (1 year), reflecting how their relationship changes across market environments.
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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.
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.
| TPOR | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +4.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.70 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.99 | +2.54 |
| Martin ratioReturn relative to average drawdown | 4.69 | -1.43 | +6.12 |
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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.
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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% | -97.89% | +63.89% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | -99.87% | +35.76% |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | -99.98% | +25.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -21.89% | -100.00% | +78.11% |
Average DrawdownAverage peak-to-trough decline | -38.54% | -92.63% | +54.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.35% | 67.54% | -56.19% |
Volatility
TPOR vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Transportation Bull 3X Shares (TPOR) is 17.65%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.39%. 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.
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Volatility by Period
| TPOR | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.65% | 66.39% | -48.74% |
Volatility (6M)Calculated over the trailing 6-month period | 47.20% | 108.48% | -61.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.78% | 125.48% | -65.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.88% | 113.09% | -45.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.85% | 102.91% | -32.06% |
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 0.51%, less than SOXS's 48.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 48.83% | 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 | 0.51% | 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 -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.39%) compared to TPOR (17.65%). In terms of maximum drawdown, TPOR dropped -87.59% vs SOXS's -100.00%.
On 5-year performance, TPOR leads with 3.18% vs -79.45% for SOXS. On fees, TPOR is cheaper at 1.01% per year. On volatility, TPOR has been the lower-risk option at 17.65%. 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 3.18% return vs -79.45%. 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 48.83%, compared with 0.51% for TPOR.
TPOR is categorized as Leveraged Equities, while SOXS is Inverse Equities. 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 (0.89 vs -0.77), 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.
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