USD vs. SOXL
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
USD and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors 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 USD 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: USD or SOXL.
Key characteristics
| USD | SOXL | |
|---|---|---|
| YTD Return | 120.29% | 17.45% |
| 1Y Return | 210.40% | 100.88% |
| 3Y Return (Ann) | 54.77% | -1.05% |
| 5Y Return (Ann) | 60.83% | 26.43% |
| 10Y Return (Ann) | 46.96% | 37.91% |
| Sharpe Ratio | 2.76 | 0.98 |
| Daily Std Dev | 78.84% | 99.96% |
| Max Drawdown | -86.16% | -90.46% |
| Current Drawdown | -27.16% | -48.70% |
Correlation
The correlation between USD and SOXL is 0.96, 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
USD vs. SOXL - Performance Comparison
In the year-to-date period, USD achieves a 120.29% return, which is significantly higher than SOXL's 17.45% return. Over the past 10 years, USD has outperformed SOXL with an annualized return of 46.96%, while SOXL has yielded a comparatively lower 37.91% 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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USD vs. SOXL - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
USD vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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
USD vs. SOXL - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.02%, less than SOXL's 0.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.02% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 3.71% | 0.39% | 1.80% | 0.63% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.84% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
Drawdowns
USD vs. SOXL - Drawdown Comparison
The maximum USD drawdown since its inception was -86.16%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for USD and SOXL. For additional features, visit the drawdowns tool.
Volatility
USD vs. SOXL - Volatility Comparison
The current volatility for ProShares Ultra Semiconductors (USD) is 22.47%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.67%. This indicates that USD 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.