USSL.TO vs. SOXU.TO
USSL.TO (Global X Enhanced S&P 500 Index ETF) and SOXU.TO (MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF) are both Leveraged Equities funds - USSL.TO tracks the S&P 500 while SOXU.TO tracks the Solactive US Semiconductor 30 Capped Index. Both are passively managed. Over the past year, USSL.TO returned 37.15% vs 1567.59% for SOXU.TO. At a 0.37 correlation, their price movements are largely independent. USSL.TO charges 1.34%/yr vs 1.81%/yr for SOXU.TO.
Performance
USSL.TO vs. SOXU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, USSL.TO achieves a 14.51% return, which is significantly lower than SOXU.TO's 538.96% return.
USSL.TO
- 1D
- 0.03%
- 1M
- 8.62%
- YTD
- 14.51%
- 6M
- 12.52%
- 1Y
- 37.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXU.TO
- 1D
- 5.63%
- 1M
- 123.65%
- YTD
- 538.96%
- 6M
- 517.85%
- 1Y
- 1,567.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USSL.TO vs. SOXU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USSL.TO Global X Enhanced S&P 500 Index ETF | 14.51% | 20.55% |
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF | 538.96% | 169.76% |
Correlation
The correlation between USSL.TO and SOXU.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 26, 2025 | 0.37 |
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Return for Risk
USSL.TO vs. SOXU.TO — Risk / Return Rank
USSL.TO
SOXU.TO
USSL.TO vs. SOXU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced S&P 500 Index ETF (USSL.TO) and MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO). 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.
| USSL.TO | SOXU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.75 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 37.08 | -33.62 |
| Martin ratioReturn relative to average drawdown | 12.89 | 124.73 | -111.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USSL.TO | SOXU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 15.58 | -12.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 14.98 | -13.68 |
Drawdowns
USSL.TO vs. SOXU.TO - Drawdown Comparison
The maximum USSL.TO drawdown since its inception was -23.90%, smaller than the maximum SOXU.TO drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for USSL.TO and SOXU.TO.
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Drawdown Indicators
| USSL.TO | SOXU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -42.78% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -42.78% | +31.99% |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -8.28% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 12.69% | -9.80% |
Volatility
USSL.TO vs. SOXU.TO - Volatility Comparison
The current volatility for Global X Enhanced S&P 500 Index ETF (USSL.TO) is 5.02%, while MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) has a volatility of 40.22%. This indicates that USSL.TO experiences smaller price fluctuations and is considered to be less risky than SOXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSL.TO | SOXU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 40.22% | -35.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 81.21% | -70.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 101.81% | -87.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 101.21% | -81.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 101.21% | -81.58% |
USSL.TO vs. SOXU.TO - Expense Ratio Comparison
USSL.TO has a 1.34% expense ratio, which is lower than SOXU.TO's 1.81% expense ratio.
Dividends
USSL.TO vs. SOXU.TO - Dividend Comparison
Neither USSL.TO nor SOXU.TO has paid dividends to shareholders.
Frequently Asked Questions
USSL.TO and SOXU.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USSL.TO is cheaper at 1.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USSL.TO is cheaper with a 1.34% expense ratio, compared with 1.81% for SOXU.TO.
USSL.TO tracks S&P 500, while SOXU.TO tracks Solactive US Semiconductor 30 Capped Index. They also come from different issuers: Global X and LongPoint. Their fees differ too: 1.34% for USSL.TO and 1.81% for SOXU.TO.
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