XDSQ vs. SOXL
Compare and contrast key facts about Innovator US Equity Accelerated ETF (XDSQ) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
XDSQ and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XDSQ or SOXL.
Key characteristics
| XDSQ | SOXL | |
|---|---|---|
| YTD Return | 7.49% | 44.71% |
| 1Y Return | 15.64% | 158.55% |
| 3Y Return (Ann) | 6.60% | 15.09% |
| Sharpe Ratio | 1.65 | 2.16 |
| Daily Std Dev | 10.10% | 84.73% |
| Max Drawdown | -26.06% | -90.46% |
| Current Drawdown | -0.15% | -36.79% |
Correlation
The correlation between XDSQ and SOXL is 0.76, 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.
Performance
XDSQ vs. SOXL - Performance Comparison
In the year-to-date period, XDSQ achieves a 7.49% return, which is significantly lower than SOXL's 44.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XDSQ vs. SOXL - Expense Ratio Comparison
XDSQ has a 0.79% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
XDSQ vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator US Equity Accelerated ETF (XDSQ) 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
XDSQ vs. SOXL - Dividend Comparison
XDSQ has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDSQ Innovator US Equity Accelerated 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 | 0.37% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
XDSQ vs. SOXL - Drawdown Comparison
The maximum XDSQ drawdown since its inception was -26.06%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for XDSQ and SOXL. For additional features, visit the drawdowns tool.
Volatility
XDSQ vs. SOXL - Volatility Comparison
The current volatility for Innovator US Equity Accelerated ETF (XDSQ) is 3.66%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 25.89%. This indicates that XDSQ 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.