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.
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
Key characteristics
UOPIX:
1.29
SOXL:
0.07
UOPIX:
1.77
SOXL:
0.81
UOPIX:
1.23
SOXL:
1.10
UOPIX:
1.64
SOXL:
0.11
UOPIX:
5.70
SOXL:
0.19
UOPIX:
8.29%
SOXL:
37.68%
UOPIX:
36.48%
SOXL:
101.35%
UOPIX:
-98.91%
SOXL:
-90.46%
UOPIX:
-8.72%
SOXL:
-57.67%
Returns By Period
In the year-to-date period, UOPIX achieves a 1.41% return, which is significantly lower than SOXL's 10.51% return. Over the past 10 years, UOPIX has underperformed SOXL with an annualized return of 23.60%, while SOXL has yielded a comparatively higher 31.84% annualized return.
UOPIX
1.41%
-2.56%
4.28%
44.80%
19.76%
23.60%
SOXL
10.51%
11.85%
-51.09%
8.02%
10.63%
31.84%
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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 Rank
UOPIX
SOXL
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 1.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 0.41% | 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 | 1.06% | 1.18% | 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 12.63%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 26.89%. 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.