XOMX vs. SOXL

Last updated Jun 30, 2026

XOMX (Direxion Daily XOM Bull 2X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion. XOMX is actively managed, while SOXL is passively managed. Over the past year, XOMX returned 40.32% vs 842.21% for SOXL. At a correlation of -0.07, they often move in opposite directions. XOMX charges 1.07%/yr vs 0.75%/yr for SOXL.

Performance

XOMX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily XOM Bull 2X Shares (XOMX) 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, XOMX achieves a 20.25% return, which is significantly lower than SOXL's 462.74% return.

XOMX

• 1D: -0.33%
• 1M: -13.46%
• YTD: 20.25%
• 6M: 19.82%
• 1Y: 40.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 9.70%
• 1M: 5.43%
• YTD: 462.74%
• 6M: 439.75%
• 1Y: 842.21%
• 3Y*: 113.30%
• 5Y*: 40.49%
• 10Y*: 64.44%

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

XOMX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
XOMX Direxion Daily XOM Bull 2X Shares	20.25%	17.15%
SOXL Direxion Daily Semiconductor Bull 3X ETF	462.74%	359.42%

Correlation

The correlation between XOMX and SOXL is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.07

Return for Risk

XOMX vs. SOXL — Risk / Return Rank

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

XOMX

XOMX Risk / Return Rank: 24
XOMX Sharpe Ratio Rank: 24
XOMX Sortino Ratio Rank: 25
XOMX Omega Ratio Rank: 25
XOMX Calmar Ratio Rank: 23
XOMX Martin Ratio Rank: 24

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 92
SOXL Omega Ratio Rank: 93
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.

XOMX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily XOM Bull 2X Shares (XOMX) 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.

	XOMX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.82	7.21	-6.38
Sortino ratio: Return per unit of downside risk	1.32	3.81	-2.49
Omega ratio: Gain probability vs. loss probability	1.17	1.54	-0.38
Calmar ratio: Return relative to maximum drawdown	1.03	19.57	-18.54
Martin ratio: Return relative to average drawdown	2.86	61.45	-58.58

XOMX vs. SOXL - Sharpe Ratio Comparison

The current XOMX Sharpe Ratio is 0.82, which is lower than the SOXL Sharpe Ratio of 7.21. The chart below compares the historical Sharpe Ratios of XOMX 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

XOMX vs. SOXL - Drawdown Comparison

The maximum XOMX drawdown since its inception was -39.41%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for XOMX and SOXL.

Drawdown Indicators

	XOMX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-39.41%	-90.46%	+51.05%
Max Drawdown (1Y) Largest decline over 1 year	-39.41%	-43.47%	+4.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-39.41%	-21.36%	-18.05%
Average Drawdown Average peak-to-trough decline	-9.30%	-34.94%	+25.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.12%	13.82%	+0.30%

Volatility

XOMX vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily XOM Bull 2X Shares (XOMX) is 15.71%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 69.21%. This indicates that XOMX 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

	XOMX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.71%	69.21%	-53.50%
Volatility (6M) Calculated over the trailing 6-month period	42.54%	101.76%	-59.22%
Volatility (1Y) Calculated over the trailing 1-year period	49.41%	118.30%	-68.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.28%	110.65%	-62.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.28%	100.69%	-52.41%

XOMX vs. SOXL - Expense Ratio Comparison

XOMX has a 1.07% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

XOMX vs. SOXL - Dividend Comparison

XOMX's dividend yield for the trailing twelve months is around 2.19%, while SOXL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.00%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%
XOMX Direxion Daily XOM Bull 2X Shares	2.19%	1.73%	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 XOMX and SOXL in my portfolio?

XOMX and SOXL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOMX or SOXL?

SOXL has higher volatility (69.21%) compared to XOMX (15.71%). In terms of maximum drawdown, XOMX dropped -39.41% vs SOXL's -90.46%.

Which ETF is better, XOMX or SOXL?

On 1-year performance, SOXL leads with 842.21% vs 40.32% for XOMX. On fees, SOXL is cheaper at 0.75% per year. On volatility, XOMX has been the lower-risk option at 15.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOMX or SOXL?

Over the 1-year period, SOXL has performed better with a 842.21% return vs 40.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOMX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.07% for XOMX.

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

XOMX has the higher dividend yield at 2.19%, compared with 0.00% for SOXL.

What is the main difference between XOMX and SOXL?

Their fees differ too: 1.07% for XOMX and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (7.21 vs 0.82), 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.