XDSQ vs. SOXL

Last updated Jun 6, 2026

XDSQ (Innovator US Equity Accelerated ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. XDSQ is actively managed, while SOXL is passively managed. Over the past 5 years, XDSQ returned 9.75%/yr vs 36.47%/yr for SOXL. A 0.74 correlation means they provide meaningful diversification when combined. XDSQ charges 0.79%/yr vs 0.75%/yr for SOXL.

Performance

XDSQ vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator US Equity Accelerated ETF (XDSQ) 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, XDSQ achieves a 2.52% return, which is significantly lower than SOXL's 334.31% return.

XDSQ

• 1D: -0.30%
• 1M: 0.76%
• YTD: 2.52%
• 6M: 3.33%
• 1Y: 16.01%
• 3Y*: 14.85%
• 5Y*: 9.75%
• 10Y*: —

SOXL

• 1D: -30.51%
• 1M: 10.06%
• YTD: 334.31%
• 6M: 292.56%
• 1Y: 873.79%
• 3Y*: 104.66%
• 5Y*: 36.47%
• 10Y*: 58.09%

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

XDSQ vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDSQ Innovator US Equity Accelerated ETF	2.52%	14.22%	23.12%	23.00%	-16.78%	12.75%
SOXL Direxion Daily Semiconductor Bull 3X ETF	334.31%	54.91%	-12.31%	226.98%	-85.66%	60.40%

Correlation

The correlation between XDSQ and SOXL is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021	0.74

The correlation between XDSQ and SOXL shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

XDSQ vs. SOXL - Sectors Allocation Comparison

Sectors	XDSQ	SOXL
Technology	35.7%	100.0%
Financial Services	11.6%	-
Communication Services	11.3%	-
Consumer Cyclical	10.2%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XDSQ vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDSQ

XDSQ Risk / Return Rank: 46
XDSQ Sharpe Ratio Rank: 46
XDSQ Sortino Ratio Rank: 44
XDSQ Omega Ratio Rank: 54
XDSQ Calmar Ratio Rank: 35
XDSQ Martin Ratio Rank: 51

SOXL

SOXL Risk / Return Rank: 95
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 91
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDSQ vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator US Equity Accelerated ETF (XDSQ) 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.

	XDSQ	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	1.53	8.26	-6.73
Sortino ratio: Return per unit of downside risk	2.10	4.08	-1.98
Omega ratio: Gain probability vs. loss probability	1.32	1.59	-0.27
Calmar ratio: Return relative to maximum drawdown	1.68	20.30	-18.63
Martin ratio: Return relative to average drawdown	7.99	68.57	-60.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDSQ vs. SOXL - Sharpe Ratio Comparison

The current XDSQ Sharpe Ratio is 1.53, which is lower than the SOXL Sharpe Ratio of 8.26. The chart below compares the historical Sharpe Ratios of XDSQ 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.

Sharpe Ratios by Period

	XDSQ	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	8.26	-6.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.34	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.47	+0.22

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.

Drawdown Indicators

	XDSQ	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-90.46%	+64.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-43.47%	+33.87%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-87.88%	+68.73%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-90.46%	+64.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-0.30%	-34.93%	+34.63%
Average Drawdown Average peak-to-trough decline	-4.96%	-35.01%	+30.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	12.85%	-10.84%

Volatility

XDSQ vs. SOXL - Volatility Comparison

The current volatility for Innovator US Equity Accelerated ETF (XDSQ) is 0.60%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 55.19%. 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.

Volatility by Period

	XDSQ	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	55.19%	-54.59%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	89.77%	-81.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	106.94%	-96.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	108.10%	-92.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	99.53%	-84.44%

XDSQ vs. SOXL - Expense Ratio Comparison

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

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 0.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.04%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
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%

Frequently Asked Questions

Can I hold both XDSQ and SOXL in my portfolio?

XDSQ and SOXL have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDSQ or SOXL?

SOXL has higher volatility (55.19%) compared to XDSQ (0.60%). In terms of maximum drawdown, XDSQ dropped -26.06% vs SOXL's -90.46%.

Which ETF is better, XDSQ or SOXL?

On 5-year performance, SOXL leads with 36.47% vs 9.75% for XDSQ. On fees, SOXL is cheaper at 0.75% per year. On volatility, XDSQ has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDSQ or SOXL?

Over the 5-year period, SOXL has performed better with a 36.47% return vs 9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDSQ or SOXL?

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

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

SOXL has the higher dividend yield at 0.04%, compared with 0.00% for XDSQ.

What is the main difference between XDSQ and SOXL?

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

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (8.26 vs 1.53), 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.