UGLD vs. SOXS
UGLD (Direxion Daily Gold Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - UGLD is a Leveraged Commodities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). UGLD is actively managed, while SOXS is passively managed. At a correlation of -0.30, they often move in opposite directions. UGLD charges 1.07%/yr vs 1.08%/yr for SOXS.
Performance
UGLD vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
UGLD
- 1D
- -0.43%
- 1M
- -10.87%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXS
- 1D
- -1.57%
- 1M
- 52.12%
- 6M
- -86.84%
- YTD
- -91.21%
- 1Y
- -96.06%
- 3Y*
- -85.22%
- 5Y*
- -78.77%
- 10Y*
- -78.22%
- ALL TIME*
- -70.89%
UGLD vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UGLD Direxion Daily Gold Bull 2X ETF | -20.46% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -16.37% |
Correlation
The correlation between UGLD and SOXS is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UGLD vs. SOXS — Risk / Return Rank
UGLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
UGLD vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Bull 2X ETF (UGLD) 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.
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.
| UGLD | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.39 | — |
Loading charts...
Drawdowns
UGLD vs. SOXS - Drawdown Comparison
The maximum UGLD drawdown since its inception was -24.99%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UGLD and SOXS.
Loading charts...
Drawdown Indicators
| UGLD | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -100.00% | +75.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -24.23% | -100.00% | +75.77% |
Average DrawdownAverage peak-to-trough decline | -16.02% | -92.64% | +76.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 68.90% | — |
Volatility
UGLD vs. SOXS - Volatility Comparison
Loading charts...
Volatility by Period
| UGLD | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 57.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 109.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.24% | 126.84% | -74.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.24% | 113.28% | -61.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.24% | 103.05% | -50.81% |
UGLD vs. SOXS - Expense Ratio Comparison
UGLD has a 1.07% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
UGLD vs. SOXS - Dividend Comparison
UGLD's dividend yield for the trailing twelve months is around 0.24%, less than SOXS's 42.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 42.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
UGLD Direxion Daily Gold Bull 2X ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UGLD and SOXS have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UGLD is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UGLD is cheaper with a 1.07% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 42.05%, compared with 0.24% for UGLD.
UGLD is categorized as Leveraged Commodities, while SOXS is Inverse Equities. Their fees differ too: 1.07% for UGLD and 1.08% for SOXS.
Find the right allocation for UGLD and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer