TREE vs. SOXL
Compare and contrast key facts about LendingTree, Inc. (TREE) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TREE or SOXL.
Key characteristics
| TREE | SOXL | |
|---|---|---|
| YTD Return | 53.76% | 49.81% |
| 1Y Return | 175.37% | 214.26% |
| 3Y Return (Ann) | -36.96% | 14.39% |
| 5Y Return (Ann) | -34.47% | 39.82% |
| 10Y Return (Ann) | 6.71% | 43.35% |
| Sharpe Ratio | 1.84 | 2.51 |
| Daily Std Dev | 82.90% | 84.94% |
| Max Drawdown | -97.59% | -90.46% |
| Current Drawdown | -89.24% | -34.57% |
Correlation
The correlation between TREE and SOXL is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TREE vs. SOXL - Performance Comparison
In the year-to-date period, TREE achieves a 53.76% return, which is significantly higher than SOXL's 49.81% return. Over the past 10 years, TREE has underperformed SOXL with an annualized return of 6.71%, while SOXL has yielded a comparatively higher 43.35% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TREE vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for LendingTree, Inc. (TREE) 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
TREE vs. SOXL - Dividend Comparison
TREE has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TREE LendingTree, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.36% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
TREE vs. SOXL - Drawdown Comparison
The maximum TREE drawdown since its inception was -97.59%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TREE and SOXL. For additional features, visit the drawdowns tool.
Volatility
TREE vs. SOXL - Volatility Comparison
LendingTree, Inc. (TREE) and Direxion Daily Semiconductor Bull 3x Shares (SOXL) have volatilities of 28.00% and 28.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.