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:
1.02
SOXL:
-0.20
UOPIX:
1.48
SOXL:
0.42
UOPIX:
1.19
SOXL:
1.05
UOPIX:
1.38
SOXL:
-0.31
UOPIX:
4.43
SOXL:
-0.48
UOPIX:
8.56%
SOXL:
42.43%
UOPIX:
37.07%
SOXL:
103.74%
UOPIX:
-98.91%
SOXL:
-90.46%
UOPIX:
-5.96%
SOXL:
-59.59%
Returns By Period
In the year-to-date period, UOPIX achieves a 4.47% return, which is significantly lower than SOXL's 5.49% return. Over the past 10 years, UOPIX has underperformed SOXL with an annualized return of 22.45%, while SOXL has yielded a comparatively higher 29.05% annualized return.
UOPIX
4.47%
-3.23%
14.80%
32.16%
20.05%
22.45%
SOXL
5.49%
-17.50%
-28.36%
-27.69%
12.83%
29.05%
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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 0.40%, less than SOXL's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 0.40% | 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 | 1.11% | 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 10.29%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 32.65%. 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.