ZEQT.TO vs. SOXL
Compare and contrast key facts about BMO All-Equity ETF (ZEQT.TO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
ZEQT.TO and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEQT.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022. 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: ZEQT.TO or SOXL.
Key characteristics
| ZEQT.TO | SOXL | |
|---|---|---|
| YTD Return | 24.60% | 15.94% |
| 1Y Return | 31.84% | 95.44% |
| Sharpe Ratio | 3.55 | 0.95 |
| Sortino Ratio | 5.03 | 1.69 |
| Omega Ratio | 1.69 | 1.22 |
| Calmar Ratio | 4.92 | 1.29 |
| Martin Ratio | 25.85 | 3.20 |
| Ulcer Index | 1.23% | 30.01% |
| Daily Std Dev | 8.99% | 100.86% |
| Max Drawdown | -16.15% | -90.46% |
| Current Drawdown | 0.00% | -49.36% |
Correlation
The correlation between ZEQT.TO and SOXL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZEQT.TO vs. SOXL - Performance Comparison
In the year-to-date period, ZEQT.TO achieves a 24.60% return, which is significantly higher than SOXL's 15.94% 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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ZEQT.TO vs. SOXL - Expense Ratio Comparison
ZEQT.TO has a 0.20% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
ZEQT.TO vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) 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
ZEQT.TO vs. SOXL - Dividend Comparison
ZEQT.TO's dividend yield for the trailing twelve months is around 1.74%, more than SOXL's 0.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 1.74% | 2.13% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.85% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
ZEQT.TO vs. SOXL - Drawdown Comparison
The maximum ZEQT.TO drawdown since its inception was -16.15%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and SOXL. For additional features, visit the drawdowns tool.
Volatility
ZEQT.TO vs. SOXL - Volatility Comparison
The current volatility for BMO All-Equity ETF (ZEQT.TO) is 3.06%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 28.87%. This indicates that ZEQT.TO 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.