XDQQ vs. SOXL

Last updated Aug 2, 2026

XDQQ (Innovator Growth Accelerated ETF - Quarterly) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. XDQQ is actively managed, while SOXL is passively managed. Over the past 5 years, XDQQ returned 6.00%/yr vs 21.65%/yr for SOXL. Their 0.79 correlation means they have sometimes moved together and sometimes differently. XDQQ charges 0.79%/yr vs 0.75%/yr for SOXL.

Performance

XDQQ vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDQQ achieves a -3.31% return, which is significantly lower than SOXL's 172.95% return.

XDQQ

• 1D: 0.68%
• 1M: -3.35%
• 6M: -4.49%
• YTD: -3.31%
• 1Y: 8.25%
• 3Y*: 13.96%
• 5Y*: 6.00%
• 10Y*: —
• ALL TIME*: 7.60%

SOXL

• 1D: 0.00%
• 1M: -36.78%
• 6M: 85.66%
• YTD: 172.95%
• 1Y: 376.55%
• 3Y*: 60.01%
• 5Y*: 21.65%
• 10Y*: 48.63%
• ALL TIME*: 38.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXL Direxion Daily Semiconductor Bull 3X ETF	$10.60B	$10.77B	$11.72B
XDQQ Innovator Growth Accelerated ETF - Quarterly	$486.75K	$670.10K	$337.67K

XDQQ vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDQQ Innovator Growth Accelerated ETF - Quarterly	-3.31%	13.75%	31.47%	30.15%	-33.74%	18.52%
SOXL Direxion Daily Semiconductor Bull 3X ETF	172.95%	54.91%	-12.31%	226.98%	-85.66%	78.03%

Correlation

The correlation between XDQQ and SOXL is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.79

The correlation between XDQQ and SOXL has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

XDQQ vs. SOXL - Sectors Allocation Comparison

Sectors	XDQQ	SOXL
Technology	60.2%	100.0%
Communication Services	13.3%	-
Consumer Cyclical	10.9%	-
Consumer Defensive	6.5%	-
Healthcare	3.6%	-
Industrials	2.7%	-
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

XDQQ vs. SOXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XDQQ

XDQQ Risk / Return Rank: 22
XDQQ Sharpe Ratio Rank: 21
XDQQ Sortino Ratio Rank: 20
XDQQ Omega Ratio Rank: 21
XDQQ Calmar Ratio Rank: 21
XDQQ Martin Ratio Rank: 27

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 95
SOXL Sortino Ratio Rank: 83
SOXL Omega Ratio Rank: 85
SOXL Calmar Ratio Rank: 95
SOXL Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XDQQ vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Direxion Daily Semiconductor Bull 3X ETF (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.

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.

	XDQQ	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.77	-2.35
Sortino ratio: Return per unit of downside risk	0.68	2.70	-2.02
Omega ratio: Gain probability vs. loss probability	1.09	1.36	-0.27
Calmar ratio: Return relative to maximum drawdown	0.56	5.22	-4.66
Martin ratio: Return relative to average drawdown	2.24	18.04	-15.81

XDQQ vs. SOXL - Sharpe Ratio Comparison

The current XDQQ Sharpe Ratio is 0.43, which is lower than the SOXL Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of XDQQ and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XDQQ vs. SOXL - Drawdown Comparison

The maximum XDQQ drawdown since its inception was -35.63%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for XDQQ and SOXL.

Drawdown Indicators

	XDQQ	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-35.63%	-90.46%	+54.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-69.42%	+57.58%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	-87.88%	+64.71%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-90.46%	+54.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-6.13%	-61.86%	+55.73%
Average Drawdown Average peak-to-trough decline	-10.57%	-35.00%	+24.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	20.04%	-17.09%

Volatility

XDQQ vs. SOXL - Volatility Comparison

The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 7.20%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that XDQQ 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.

Volatility by Period

	XDQQ	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	52.68%	-45.48%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	115.51%	-103.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	130.99%	-115.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	113.21%	-93.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	102.11%	-82.50%

XDQQ vs. SOXL - Expense Ratio Comparison

XDQQ has a 0.79% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

XDQQ vs. SOXL - Dividend Comparison

XDQQ has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
XDQQ Innovator Growth Accelerated ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDQQ and SOXL in my portfolio?

XDQQ and SOXL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDQQ or SOXL?

SOXL has higher volatility (52.68%) compared to XDQQ (7.20%). In terms of maximum drawdown, XDQQ dropped -35.63% vs SOXL's -90.46%.

Which ETF is better, XDQQ or SOXL?

On 5-year performance, SOXL leads with 21.65% vs 6.00% for XDQQ. On fees, SOXL is cheaper at 0.75% per year. On volatility, XDQQ has been the lower-risk option at 7.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDQQ or SOXL?

Over the 5-year period, SOXL has performed better with a 21.65% return vs 6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDQQ or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.79% for XDQQ.

Which ETF pays a higher dividend yield, XDQQ or SOXL?

SOXL has the higher dividend yield at 0.01%, compared with 0.00% for XDQQ.

What is the main difference between XDQQ and SOXL?

They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for XDQQ and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (2.77 vs 0.43), 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.