UOPIX vs. SOXL
Compare and contrast key facts about ProFunds UltraNASDAQ-100 Fund (UOPIX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
UOPIX is managed by ProFunds. It was launched on Nov 30, 1997. 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: UOPIX or SOXL.
Key characteristics
| UOPIX | SOXL | |
|---|---|---|
| YTD Return | 44.23% | 1.41% |
| 1Y Return | 68.79% | 59.41% |
| 3Y Return (Ann) | 3.16% | -20.15% |
| 5Y Return (Ann) | 22.34% | 16.61% |
| 10Y Return (Ann) | 23.26% | 33.85% |
| Sharpe Ratio | 1.93 | 0.55 |
| Sortino Ratio | 2.42 | 1.34 |
| Omega Ratio | 1.33 | 1.17 |
| Calmar Ratio | 1.79 | 0.76 |
| Martin Ratio | 8.36 | 1.80 |
| Ulcer Index | 8.10% | 30.53% |
| Daily Std Dev | 35.00% | 100.59% |
| Max Drawdown | -98.91% | -90.46% |
| Current Drawdown | -0.51% | -55.71% |
Correlation
The correlation between UOPIX and SOXL is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UOPIX vs. SOXL - Performance Comparison
In the year-to-date period, UOPIX achieves a 44.23% return, which is significantly higher than SOXL's 1.41% return. Over the past 10 years, UOPIX has underperformed SOXL with an annualized return of 23.26%, while SOXL has yielded a comparatively higher 33.85% 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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UOPIX vs. SOXL - Expense Ratio Comparison
UOPIX has a 1.47% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
UOPIX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraNASDAQ-100 Fund (UOPIX) 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
UOPIX vs. SOXL - Dividend Comparison
UOPIX's dividend yield for the trailing twelve months is around 0.41%, less than SOXL's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.97% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
UOPIX vs. SOXL - Drawdown Comparison
The maximum UOPIX drawdown since its inception was -98.91%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for UOPIX and SOXL. For additional features, visit the drawdowns tool.
Volatility
UOPIX vs. SOXL - Volatility Comparison
The current volatility for ProFunds UltraNASDAQ-100 Fund (UOPIX) is 10.27%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.04%. This indicates that UOPIX 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.