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TZA vs. SOXS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TZA and SOXS is -0.55. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.6

Performance

TZA vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Small Cap Bear 3X Shares (TZA) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

-100.00%-99.99%-99.98%-99.97%-99.96%NovemberDecember2025FebruaryMarchApril
-99.97%
-100.00%
TZA
SOXS

Key characteristics

Sharpe Ratio

TZA:

-0.23

SOXS:

-0.42

Sortino Ratio

TZA:

0.16

SOXS:

0.15

Omega Ratio

TZA:

1.02

SOXS:

1.02

Calmar Ratio

TZA:

-0.17

SOXS:

-0.55

Martin Ratio

TZA:

-0.57

SOXS:

-1.29

Ulcer Index

TZA:

29.82%

SOXS:

42.54%

Daily Std Dev

TZA:

72.23%

SOXS:

130.08%

Max Drawdown

TZA:

-100.00%

SOXS:

-100.00%

Current Drawdown

TZA:

-100.00%

SOXS:

-100.00%

Returns By Period

In the year-to-date period, TZA achieves a 30.51% return, which is significantly higher than SOXS's -14.39% return. Over the past 10 years, TZA has outperformed SOXS with an annualized return of -35.98%, while SOXS has yielded a comparatively lower -66.35% annualized return.


TZA

YTD

30.51%

1M

10.40%

6M

24.10%

1Y

-13.61%

5Y*

-44.19%

10Y*

-35.98%

SOXS

YTD

-14.39%

1M

-16.61%

6M

-6.20%

1Y

-49.70%

5Y*

-72.05%

10Y*

-66.35%

*Annualized

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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.


Expense ratio chart for TZA: current value is 1.11%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TZA: 1.11%
Expense ratio chart for SOXS: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SOXS: 1.08%

Risk-Adjusted Performance

TZA vs. SOXS — Risk-Adjusted Performance Rank

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

TZA
The Risk-Adjusted Performance Rank of TZA is 1717
Overall Rank
The Sharpe Ratio Rank of TZA is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of TZA is 2424
Sortino Ratio Rank
The Omega Ratio Rank of TZA is 2424
Omega Ratio Rank
The Calmar Ratio Rank of TZA is 1212
Calmar Ratio Rank
The Martin Ratio Rank of TZA is 1212
Martin Ratio Rank

SOXS
The Risk-Adjusted Performance Rank of SOXS is 1212
Overall Rank
The Sharpe Ratio Rank of SOXS is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of SOXS is 2424
Sortino Ratio Rank
The Omega Ratio Rank of SOXS is 2323
Omega Ratio Rank
The Calmar Ratio Rank of SOXS is 22
Calmar Ratio Rank
The Martin Ratio Rank of SOXS is 44
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for TZA, currently valued at -0.23, compared to the broader market-1.000.001.002.003.004.00
TZA: -0.23
SOXS: -0.42
The chart of Sortino ratio for TZA, currently valued at 0.16, compared to the broader market-2.000.002.004.006.008.00
TZA: 0.16
SOXS: 0.15
The chart of Omega ratio for TZA, currently valued at 1.02, compared to the broader market0.501.001.502.002.50
TZA: 1.02
SOXS: 1.02
The chart of Calmar ratio for TZA, currently valued at -0.17, compared to the broader market0.002.004.006.008.0010.0012.00
TZA: -0.17
SOXS: -0.55
The chart of Martin ratio for TZA, currently valued at -0.57, compared to the broader market0.0020.0040.0060.00
TZA: -0.57
SOXS: -1.29

The current TZA Sharpe Ratio is -0.23, which is higher than the SOXS Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of TZA and SOXS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.23
-0.42
TZA
SOXS

Dividends

TZA vs. SOXS - Dividend Comparison

TZA's dividend yield for the trailing twelve months is around 4.21%, less than SOXS's 5.22% yield.


TTM2024202320222021202020192018
TZA
Direxion Daily Small Cap Bear 3X Shares
4.21%5.40%5.49%0.00%0.00%1.21%1.57%0.63%
SOXS
Direxion Daily Semiconductor Bear 3x Shares
5.22%5.45%9.22%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.


-100.00%-100.00%-99.99%-99.99%-99.98%-99.98%-99.97%NovemberDecember2025FebruaryMarchApril
-99.98%
-100.00%
TZA
SOXS

Volatility

TZA vs. SOXS - Volatility Comparison

The current volatility for Direxion Daily Small Cap Bear 3X Shares (TZA) is 43.88%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 99.20%. 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.


20.00%40.00%60.00%80.00%100.00%NovemberDecember2025FebruaryMarchApril
43.88%
99.20%
TZA
SOXS