USGG vs. SOXL

Last updated Jun 24, 2026

USGG (Leverage Shares 2X Long USAR Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - USGG tracks the USA Rare Earth, Inc. (USAR) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

USGG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long USAR Daily ETF (USGG) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USGG

• 1D: -10.14%
• 1M: -27.15%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: -23.06%
• 1M: 21.44%
• YTD: 450.61%
• 6M: 429.57%
• 1Y: 976.09%
• 3Y*: 120.84%
• 5Y*: 42.16%
• 10Y*: 64.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

USGG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
USGG Leverage Shares 2X Long USAR Daily ETF	-5.41%
SOXL Direxion Daily Semiconductor Bull 3X ETF	323.46%

Correlation

The correlation between USGG and SOXL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.39

Return for Risk

USGG vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USGG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 92
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USGG vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long USAR Daily ETF (USGG) and Direxion Daily Semiconductor Bull 3X ETF (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	USGG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	8.45	—
Sortino ratio: Return per unit of downside risk	—	4.03	—
Omega ratio: Gain probability vs. loss probability	—	1.58	—
Calmar ratio: Return relative to maximum drawdown	—	22.69	—
Martin ratio: Return relative to average drawdown	—	72.83	—

Drawdowns

USGG vs. SOXL - Drawdown Comparison

The maximum USGG drawdown since its inception was -77.74%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for USGG and SOXL.

Drawdown Indicators

	USGG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-77.74%	-90.46%	+12.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-58.39%	-23.06%	-35.33%
Average Drawdown Average peak-to-trough decline	-47.00%	-34.95%	-12.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.52%	—

Volatility

Volatility by Period

	USGG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	68.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	99.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	224.62%	116.79%	+107.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	224.62%	110.35%	+114.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	224.62%	100.62%	+124.00%

USGG vs. SOXL - Expense Ratio Comparison

Both USGG and SOXL have an expense ratio of 0.75%.

Dividends

USGG vs. SOXL - Dividend Comparison

USGG has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
USGG Leverage Shares 2X Long USAR Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USGG and SOXL in my portfolio?

USGG and SOXL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USGG or SOXL?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USGG or SOXL?

USGG and SOXL have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, USGG or SOXL?

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for USGG.

What is the main difference between USGG and SOXL?

USGG tracks USA Rare Earth, Inc. (USAR), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Leverage Shares and Direxion.