WANT vs. SOXS
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - WANT tracks the S&P Consumer Discretionary Select Sector Index (-300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, WANT returned -5.36%/yr vs -79.66%/yr for SOXS. At a correlation of -0.69, they often move in opposite directions. WANT charges 0.98%/yr vs 1.08%/yr for SOXS.
Performance
WANT vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -14.08% return, which is significantly higher than SOXS's -92.10% return.
WANT
- 1D
- -2.18%
- 1M
- -3.95%
- YTD
- -14.08%
- 6M
- -14.66%
- 1Y
- 6.37%
- 3Y*
- 19.16%
- 5Y*
- -5.36%
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
WANT vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -14.08% | -6.94% | 60.52% | 114.43% | -83.03% | 84.81% | 45.26% | 90.07% | -24.91% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | 10.10% |
Correlation
The correlation between WANT and SOXS is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018 | -0.69 |
Over the past year, the inverse relationship between WANT and SOXS has weakened: their correlation has moved from -0.69 to -0.48, meaning they move in opposite directions less often than they have historically.
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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.
| WANT | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.58 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -1.00 | +1.16 |
| Martin ratioReturn relative to average drawdown | 0.42 | -1.44 | +1.86 |
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
| WANT | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.96 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.74 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.79 | +0.90 |
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.
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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% | -97.68% | +56.41% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -99.80% | +36.27% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | -99.97% | +14.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -58.58% | -100.00% | +41.42% |
Average DrawdownAverage peak-to-trough decline | -43.07% | -92.60% | +49.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.11% | 68.64% | -53.53% |
Volatility
WANT vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 15.45%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. 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.
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Volatility by Period
| WANT | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 44.22% | -28.77% |
Volatility (6M)Calculated over the trailing 6-month period | 38.86% | 83.94% | -45.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.92% | 102.18% | -48.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.65% | 108.21% | -37.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.50% | 100.48% | -28.98% |
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 0.62%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.62% | 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 -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to WANT (15.45%). In terms of maximum drawdown, WANT dropped -85.89% vs SOXS's -100.00%.
On 5-year performance, WANT leads with -5.36% vs -79.66% for SOXS. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 15.45%. 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 -5.36% return vs -79.66%. 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 68.34%, compared with 0.62% for WANT.
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 (0.12 vs -0.96), 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.
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