TQQQ vs. SOXL
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
TQQQ and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both TQQQ and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TQQQ or SOXL.
Performance
TQQQ vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, TQQQ achieves a 55.41% return, which is significantly higher than SOXL's -8.78% return. Over the past 10 years, TQQQ has outperformed SOXL with an annualized return of 34.39%, while SOXL has yielded a comparatively lower 30.95% annualized return.
TQQQ
55.41%
3.57%
23.50%
78.24%
34.24%
34.39%
SOXL
-8.78%
-17.87%
-41.36%
24.82%
15.68%
30.95%
Key characteristics
| TQQQ | SOXL | |
|---|---|---|
| Sharpe Ratio | 1.55 | 0.26 |
| Sortino Ratio | 2.01 | 1.04 |
| Omega Ratio | 1.27 | 1.13 |
| Calmar Ratio | 1.57 | 0.37 |
| Martin Ratio | 6.44 | 0.80 |
| Ulcer Index | 12.48% | 32.04% |
| Daily Std Dev | 51.79% | 100.68% |
| Max Drawdown | -81.66% | -90.46% |
| Current Drawdown | -9.06% | -60.15% |
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TQQQ vs. SOXL - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Correlation
The correlation between TQQQ and SOXL is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
TQQQ vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Direxion Daily Semiconductor Bull 3x Shares (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.
Dividends
TQQQ vs. SOXL - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 1.22%, more than SOXL's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.22% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.08% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
TQQQ vs. SOXL - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TQQQ and SOXL. For additional features, visit the drawdowns tool.
Volatility
TQQQ vs. SOXL - Volatility Comparison
The current volatility for ProShares UltraPro QQQ (TQQQ) is 16.26%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.45%. This indicates that TQQQ 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.