TSME vs. SOXL
Compare and contrast key facts about Thrivent Small-Mid Cap ESG ETF (TSME) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
TSME and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSME is an actively managed fund by Thrivent. It was launched on Oct 5, 2022. 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: TSME or SOXL.
Key characteristics
| TSME | SOXL | |
|---|---|---|
| YTD Return | 15.16% | 2.79% |
| 1Y Return | 24.87% | 62.59% |
| Sharpe Ratio | 1.28 | 0.65 |
| Daily Std Dev | 19.40% | 98.76% |
| Max Drawdown | -16.50% | -90.46% |
| Current Drawdown | -2.01% | -55.10% |
Correlation
The correlation between TSME and SOXL is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSME vs. SOXL - Performance Comparison
In the year-to-date period, TSME achieves a 15.16% return, which is significantly higher than SOXL's 2.79% 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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TSME vs. SOXL - Expense Ratio Comparison
TSME has a 0.65% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
TSME vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Small-Mid Cap ESG ETF (TSME) 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
TSME vs. SOXL - Dividend Comparison
TSME's dividend yield for the trailing twelve months is around 0.46%, less than SOXL's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TSME Thrivent Small-Mid Cap ESG ETF | 0.46% | 0.53% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.77% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
TSME vs. SOXL - Drawdown Comparison
The maximum TSME drawdown since its inception was -16.50%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TSME and SOXL. For additional features, visit the drawdowns tool.
Volatility
TSME vs. SOXL - Volatility Comparison
The current volatility for Thrivent Small-Mid Cap ESG ETF (TSME) is 6.31%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 38.71%. This indicates that TSME 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.