Correlation
The correlation between UPW and SOXL is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
UPW vs. SOXL
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
UPW and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. 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. Both UPW and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPW or SOXL.
Performance
UPW vs. SOXL - Performance Comparison
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Key characteristics
UPW:
0.77
SOXL:
-0.52
UPW:
1.20
SOXL:
-0.39
UPW:
1.15
SOXL:
0.95
UPW:
0.93
SOXL:
-0.79
UPW:
2.87
SOXL:
-1.22
UPW:
9.27%
SOXL:
57.05%
UPW:
34.74%
SOXL:
129.65%
UPW:
-77.75%
SOXL:
-90.46%
UPW:
-4.60%
SOXL:
-77.25%
Returns By Period
In the year-to-date period, UPW achieves a 14.06% return, which is significantly higher than SOXL's -40.61% return. Over the past 10 years, UPW has underperformed SOXL with an annualized return of 12.02%, while SOXL has yielded a comparatively higher 20.80% annualized return.
UPW
14.06%
5.65%
-4.34%
22.48%
2.80%
11.56%
12.02%
SOXL
-40.61%
33.64%
-42.03%
-66.37%
-12.59%
10.11%
20.80%
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UPW vs. SOXL - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
UPW vs. SOXL — Risk-Adjusted Performance Rank
UPW
SOXL
UPW vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
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Dividends
UPW vs. SOXL - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.71%, less than SOXL's 2.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.71% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% | 1.69% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 2.17% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
UPW vs. SOXL - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for UPW and SOXL.
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Volatility
UPW vs. SOXL - Volatility Comparison
The current volatility for ProShares Ultra Utilities (UPW) is 9.19%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 28.11%. This indicates that UPW 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.
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