TZA vs. SOXS
Compare and contrast key facts about Direxion Daily Small Cap Bear 3X Shares (TZA) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
TZA and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TZA is a passively managed fund by Direxion that tracks the performance of the Russell 2000 Index (-300%). It was launched on Nov 5, 2008. SOXS 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 TZA and SOXS 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: TZA or SOXS.
Key characteristics
| TZA | SOXS | |
|---|---|---|
| YTD Return | -47.46% | -63.13% |
| 1Y Return | -69.82% | -77.24% |
| 3Y Return (Ann) | -22.12% | -62.45% |
| 5Y Return (Ann) | -49.46% | -76.62% |
| 10Y Return (Ann) | -41.03% | -66.08% |
| Sharpe Ratio | -1.10 | -0.78 |
| Sortino Ratio | -2.01 | -1.47 |
| Omega Ratio | 0.77 | 0.84 |
| Calmar Ratio | -0.71 | -0.80 |
| Martin Ratio | -1.50 | -1.25 |
| Ulcer Index | 47.37% | 64.16% |
| Daily Std Dev | 64.60% | 102.37% |
| Max Drawdown | -100.00% | -100.00% |
| Current Drawdown | -100.00% | -100.00% |
Correlation
The correlation between TZA and SOXS is 0.46, 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
TZA vs. SOXS - Performance Comparison
In the year-to-date period, TZA achieves a -47.46% return, which is significantly higher than SOXS's -63.13% return. Over the past 10 years, TZA has outperformed SOXS with an annualized return of -41.03%, while SOXS has yielded a comparatively lower -66.08% 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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TZA vs. SOXS - Expense Ratio Comparison
TZA has a 1.11% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
TZA vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bear 3X Shares (TZA) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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
TZA vs. SOXS - Dividend Comparison
TZA's dividend yield for the trailing twelve months is around 7.18%, less than SOXS's 7.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TZA Direxion Daily Small Cap Bear 3X Shares | 7.18% | 5.49% | 0.00% | 0.00% | 1.21% | 1.57% | 0.63% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.80% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
Drawdowns
TZA vs. SOXS - Drawdown Comparison
The maximum TZA drawdown since its inception was -100.00%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TZA and SOXS. For additional features, visit the drawdowns tool.
Volatility
TZA vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Small Cap Bear 3X Shares (TZA) is 23.14%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 27.97%. This indicates that TZA experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.