WANT vs. SOXS
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, WANT returned -8.28%/yr vs -78.25%/yr for SOXS. Their -0.67 correlation means they have often moved in opposite directions in the past. WANT charges 0.98%/yr vs 1.08%/yr for SOXS.
Performance
WANT vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WANT achieves a -14.35% return, which is significantly higher than SOXS's -91.36% return.
WANT
- 1D
- 5.55%
- 1M
- 0.14%
- 6M
- -18.34%
- YTD
- -14.35%
- 1Y
- 7.55%
- 3Y*
- 10.00%
- 5Y*
- -8.28%
- 10Y*
- —
- ALL TIME*
- 7.92%
SOXS
- 1D
- -2.19%
- 1M
- 17.69%
- 6M
- -85.38%
- YTD
- -91.36%
- 1Y
- -96.54%
- 3Y*
- -85.20%
- 5Y*
- -78.25%
- 10Y*
- -77.95%
- ALL TIME*
- -70.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.80B | $3.40B | $3.36B | |
| $2.02M | $1.30M | $1.32M |
WANT vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -14.35% | -6.94% | 60.52% | 114.43% | -83.03% | 84.81% | 45.26% | 90.07% | -24.44% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.36% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | 12.92% |
Correlation
The correlation between WANT and SOXS is -0.43, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018 | -0.67 |
Over the past year, the inverse relationship between WANT and SOXS has weakened: their correlation has moved from -0.67 to -0.43, meaning they move in opposite directions less often than they have historically.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WANT vs. SOXS — Risk / Return Rank
WANT
SOXS
WANT vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| WANT | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.73 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.99 | +1.17 |
| Martin ratioReturn relative to average drawdown | 0.40 | -1.35 | +1.75 |
Loading charts...
Drawdowns
WANT vs. SOXS - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for WANT and SOXS.
Loading charts...
Drawdown Indicators
| WANT | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -100.00% | +14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -97.89% | +56.62% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -99.87% | +36.34% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | -99.98% | +14.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -58.72% | -100.00% | +41.28% |
Average DrawdownAverage peak-to-trough decline | -43.42% | -92.66% | +49.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.70% | 71.53% | -52.83% |
Volatility
WANT vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 22.32%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 53.53%. This indicates that WANT experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WANT | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.32% | 53.53% | -31.21% |
Volatility (6M)Calculated over the trailing 6-month period | 44.85% | 116.62% | -71.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.50% | 132.65% | -75.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.48% | 114.59% | -43.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.45% | 103.78% | -32.33% |
WANT vs. SOXS - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
WANT vs. SOXS - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.52%, less than SOXS's 42.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 42.78% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.52% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% | 0.00% |
Frequently Asked Questions
WANT and SOXS have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (53.53%) compared to WANT (22.32%). In terms of maximum drawdown, WANT dropped -85.89% vs SOXS's -100.00%.
On 5-year performance, WANT leads with -8.28% vs -78.25% for SOXS. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 22.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WANT has performed better with a -8.28% return vs -78.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WANT is cheaper with a 0.98% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 42.78%, compared with 0.52% for WANT.
WANT is categorized as Leveraged Equities, while SOXS is Inverse Equities. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.98% for WANT and 1.08% for SOXS.
WANT currently has the higher Sharpe Ratio (0.13 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for WANT and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer