TTEK vs. SOXL

Last updated Jun 25, 2026

TTEK (Tetra Tech, Inc.) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 10 years, TTEK returned 17.62%/yr vs 64.42%/yr for SOXL. At a 0.45 correlation, their price movements are largely independent.

Performance

TTEK vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tetra Tech, Inc. (TTEK) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTEK achieves a -14.42% return, which is significantly lower than SOXL's 446.21% return. Over the past 10 years, TTEK has underperformed SOXL with an annualized return of 17.62%, while SOXL has yielded a comparatively higher 64.42% annualized return.

TTEK

• 1D: 1.93%
• 1M: 3.36%
• YTD: -14.42%
• 6M: -16.03%
• 1Y: -19.37%
• 3Y*: -2.82%
• 5Y*: 3.71%
• 10Y*: 17.62%

SOXL

• 1D: -0.80%
• 1M: 20.47%
• YTD: 446.21%
• 6M: 419.27%
• 1Y: 858.82%
• 3Y*: 120.25%
• 5Y*: 42.22%
• 10Y*: 64.42%

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

TTEK vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTEK Tetra Tech, Inc.	-14.42%	-15.19%	19.98%	15.74%	-13.96%	47.46%	35.34%	67.76%	8.39%	12.57%
SOXL Direxion Daily Semiconductor Bull 3X ETF	446.21%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between TTEK and SOXL is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010	0.45

Over the past year, the correlation between TTEK and SOXL has dropped to 0.10 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

TTEK vs. SOXL — Risk / Return Rank

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

TTEK

TTEK Risk / Return Rank: 20
TTEK Sharpe Ratio Rank: 19
TTEK Sortino Ratio Rank: 19
TTEK Omega Ratio Rank: 19
TTEK Calmar Ratio Rank: 25
TTEK Martin Ratio Rank: 20

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 91
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.

TTEK vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tetra Tech, Inc. (TTEK) 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.

	TTEK	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	7.45	-8.00
Sortino ratio: Return per unit of downside risk	-0.61	3.87	-4.48
Omega ratio: Gain probability vs. loss probability	0.92	1.56	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.51	19.95	-20.46
Martin ratio: Return relative to average drawdown	-1.06	63.67	-64.73

TTEK vs. SOXL - Sharpe Ratio Comparison

The current TTEK Sharpe Ratio is -0.55, which is lower than the SOXL Sharpe Ratio of 7.45. The chart below compares the historical Sharpe Ratios of TTEK 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

TTEK vs. SOXL - Drawdown Comparison

The maximum TTEK drawdown since its inception was -77.89%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TTEK and SOXL.

Drawdown Indicators

	TTEK	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-77.89%	-90.46%	+12.57%
Max Drawdown (1Y) Largest decline over 1 year	-38.30%	-43.47%	+5.17%
Max Drawdown (3Y) Largest decline over 3 years	-47.50%	-87.88%	+40.38%
Max Drawdown (5Y) Largest decline over 5 years	-47.50%	-90.46%	+42.96%
Max Drawdown (10Y) Largest decline over 10 years	-47.50%	-90.46%	+42.96%
Current Drawdown Current decline from peak	-42.69%	-23.67%	-19.02%
Average Drawdown Average peak-to-trough decline	-20.69%	-34.95%	+14.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.27%	13.60%	+4.67%

Volatility

TTEK vs. SOXL - Volatility Comparison

The current volatility for Tetra Tech, Inc. (TTEK) is 9.46%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.18%. This indicates that TTEK 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

	TTEK	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	68.18%	-58.72%
Volatility (6M) Calculated over the trailing 6-month period	27.64%	99.65%	-72.01%
Volatility (1Y) Calculated over the trailing 1-year period	35.52%	116.81%	-81.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.07%	110.33%	-78.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.07%	100.60%	-68.53%

Dividends

TTEK vs. SOXL - Dividend Comparison

TTEK's dividend yield for the trailing twelve months is around 0.93%, while SOXL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.00%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%	0.00%
TTEK Tetra Tech, Inc.	0.93%	0.75%	0.57%	0.61%	0.61%	0.45%	0.57%	0.66%	0.89%	0.81%	0.81%	1.19%

Frequently Asked Questions

Can I hold both TTEK and SOXL in my portfolio?

TTEK and SOXL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTEK or SOXL?

SOXL has higher volatility (68.18%) compared to TTEK (9.46%). In terms of maximum drawdown, TTEK dropped -77.89% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (7.45 vs -0.55), 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.