WANT vs. SOXL
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
WANT and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WANT is a passively managed fund by Direxion that tracks the performance of the S&P Consumer Discretionary Select Sector Index (-300%). It was launched on Nov 29, 2018. 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 WANT 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: WANT or SOXL.
Performance
WANT vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 44.33% return, which is significantly higher than SOXL's -8.78% return.
WANT
44.33%
26.71%
69.38%
71.78%
9.87%
N/A
SOXL
-8.78%
-17.87%
-41.36%
24.82%
15.68%
30.95%
Key characteristics
| WANT | SOXL | |
|---|---|---|
| Sharpe Ratio | 1.39 | 0.26 |
| Sortino Ratio | 1.91 | 1.04 |
| Omega Ratio | 1.23 | 1.13 |
| Calmar Ratio | 0.97 | 0.37 |
| Martin Ratio | 5.95 | 0.80 |
| Ulcer Index | 12.31% | 32.04% |
| Daily Std Dev | 52.53% | 100.68% |
| Max Drawdown | -85.89% | -90.46% |
| Current Drawdown | -53.43% | -60.15% |
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WANT vs. SOXL - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Correlation
The correlation between WANT and SOXL is 0.72, 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.
Risk-Adjusted Performance
WANT vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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
WANT vs. SOXL - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, less than SOXL's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.66% | 0.45% | 0.00% | 0.00% | 0.07% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.08% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
WANT vs. SOXL - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for WANT and SOXL. For additional features, visit the drawdowns tool.
Volatility
WANT vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 18.27%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.45%. This indicates that WANT 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.