UVIX vs. SOXL
Compare and contrast key facts about Volatility Shares 2x Long VIX Futures ETF (UVIX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
UVIX and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. 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 UVIX 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.
Performance
UVIX vs. SOXL - Performance Comparison
Loading graphics...
UVIX vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX Volatility Shares 2x Long VIX Futures ETF | 45.18% | -83.21% | -75.24% | -95.28% | -62.08% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 25.51% | 54.91% | -12.31% | 226.98% | -76.42% |
Returns By Period
In the year-to-date period, UVIX achieves a 45.18% return, which is significantly higher than SOXL's 25.51% return.
UVIX
- 1D
- 0.12%
- 1M
- 18.60%
- YTD
- 45.18%
- 6M
- -18.00%
- 1Y
- -76.53%
- 3Y*
- -82.40%
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 0.94%
- 1M
- -1.25%
- YTD
- 25.51%
- 6M
- 34.98%
- 1Y
- 225.54%
- 3Y*
- 44.58%
- 5Y*
- 5.09%
- 10Y*
- 41.63%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UVIX vs. SOXL - Expense Ratio Comparison
UVIX has a 2.78% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Return for Risk
UVIX vs. SOXL — Risk / Return Rank
UVIX
SOXL
UVIX vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Long VIX Futures ETF (UVIX) 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.
| UVIX | SOXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.51 | 1.90 | -2.41 |
Sortino ratioReturn per unit of downside risk | -0.35 | 2.45 | -2.80 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | 4.71 | -5.53 |
Martin ratioReturn relative to average drawdown | -0.94 | 14.21 | -15.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| UVIX | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | 1.90 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.36 | -0.96 |
Correlation
The correlation between UVIX and SOXL is -0.61. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
UVIX vs. SOXL - Dividend Comparison
UVIX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.15%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 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 | 0.15% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Drawdowns
UVIX vs. SOXL - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.96%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for UVIX and SOXL.
Loading graphics...
Drawdown Indicators
| UVIX | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -90.46% | -9.50% |
Max Drawdown (1Y)Largest decline over 1 year | -94.23% | -43.47% | -50.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -99.94% | -26.59% | -73.35% |
Average DrawdownAverage peak-to-trough decline | -88.04% | -35.33% | -52.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 82.85% | 16.32% | +66.53% |
Volatility
UVIX vs. SOXL - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 58.38% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 37.87%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| UVIX | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.38% | 37.87% | +20.51% |
Volatility (6M)Calculated over the trailing 6-month period | 94.46% | 79.76% | +14.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 149.69% | 119.50% | +30.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.10% | 105.36% | +32.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.10% | 97.70% | +40.40% |