TQQQ.TO vs. SOXL

Last updated Jun 24, 2026

TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past year, TQQQ.TO returned 93.21% vs 1008.91% for SOXL. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

TQQQ.TO vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TQQQ.TO is traded in CAD, while SOXL is traded in USD. To make them comparable, the SOXL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly lower than SOXL's 469.25% return.

TQQQ.TO

• 1D: -10.09%
• 1M: -4.73%
• YTD: 38.31%
• 6M: 32.51%
• 1Y: 93.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -23.14%
• 1M: 24.81%
• YTD: 469.25%
• 6M: 445.35%
• 1Y: 1,008.91%
• 3Y*: 126.37%
• 5Y*: 46.21%
• 10Y*: 66.18%

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

TQQQ.TO vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	38.31%	38.56%
SOXL Direxion Daily Semiconductor Bull 3X ETF	469.25%	94.15%

Correlation

The correlation between TQQQ.TO and SOXL is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.74

The correlation between TQQQ.TO and SOXL has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

Return for Risk

TQQQ.TO vs. SOXL — Risk / Return Rank

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

TQQQ.TO

TQQQ.TO Risk / Return Rank: 51
TQQQ.TO Sharpe Ratio Rank: 56
TQQQ.TO Sortino Ratio Rank: 46
TQQQ.TO Omega Ratio Rank: 49
TQQQ.TO Calmar Ratio Rank: 53
TQQQ.TO Martin Ratio Rank: 48

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 92
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

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.

TQQQ.TO vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) 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.

	TQQQ.TO	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	1.76	8.72	-6.96
Sortino ratio: Return per unit of downside risk	2.16	4.09	-1.93
Omega ratio: Gain probability vs. loss probability	1.29	1.59	-0.29
Calmar ratio: Return relative to maximum drawdown	2.46	23.91	-21.45
Martin ratio: Return relative to average drawdown	7.67	76.21	-68.54

TQQQ.TO vs. SOXL - Sharpe Ratio Comparison

The current TQQQ.TO Sharpe Ratio is 1.76, which is lower than the SOXL Sharpe Ratio of 8.72. The chart below compares the historical Sharpe Ratios of TQQQ.TO 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.

Drawdowns

TQQQ.TO vs. SOXL - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, smaller than the maximum SOXL drawdown of -89.76%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and SOXL.

Drawdown Indicators

	TQQQ.TO	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-38.15%	-89.76%	+51.61%
Max Drawdown (1Y) Largest decline over 1 year	-38.15%	-42.65%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.76%	—
Current Drawdown Current decline from peak	-14.99%	-23.14%	+8.15%
Average Drawdown Average peak-to-trough decline	-8.56%	-33.85%	+25.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.20%	13.35%	-1.15%

Volatility

TQQQ.TO vs. SOXL - Volatility Comparison

The current volatility for BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) is 27.08%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.72%. This indicates that TQQQ.TO 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

	TQQQ.TO	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.08%	68.72%	-41.64%
Volatility (6M) Calculated over the trailing 6-month period	43.38%	100.04%	-56.66%
Volatility (1Y) Calculated over the trailing 1-year period	53.25%	116.95%	-63.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.03%	110.60%	-57.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.03%	100.99%	-47.96%

Dividends

TQQQ.TO vs. SOXL - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

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%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TQQQ.TO and SOXL in my portfolio?

TQQQ.TO and SOXL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TQQQ.TO and SOXL?

TQQQ.TO is categorized as Nasdaq-100, while SOXL is Leveraged Equities. TQQQ.TO tracks Nasdaq-100 Index, while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Global X and Direxion.