^SP100 vs. SOXL
Compare and contrast key facts about S&P 100 Index (^SP100) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
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: ^SP100 or SOXL.
Correlation
The correlation between ^SP100 and SOXL is 0.78, 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
^SP100 vs. SOXL - Performance Comparison
Key characteristics
^SP100:
0.53
SOXL:
-0.52
^SP100:
0.88
SOXL:
-0.31
^SP100:
1.13
SOXL:
0.96
^SP100:
0.56
SOXL:
-0.75
^SP100:
2.06
SOXL:
-1.23
^SP100:
5.37%
SOXL:
54.08%
^SP100:
20.77%
SOXL:
127.70%
^SP100:
-61.31%
SOXL:
-90.46%
^SP100:
-8.80%
SOXL:
-80.78%
Returns By Period
In the year-to-date period, ^SP100 achieves a -5.24% return, which is significantly higher than SOXL's -49.83% return. Over the past 10 years, ^SP100 has underperformed SOXL with an annualized return of 11.49%, while SOXL has yielded a comparatively higher 20.59% annualized return.
^SP100
-5.24%
13.84%
-5.24%
10.98%
15.33%
11.49%
SOXL
-49.83%
65.58%
-62.05%
-65.84%
8.71%
20.59%
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Risk-Adjusted Performance
^SP100 vs. SOXL — Risk-Adjusted Performance Rank
^SP100
SOXL
^SP100 vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) 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.
Drawdowns
^SP100 vs. SOXL - Drawdown Comparison
The maximum ^SP100 drawdown since its inception was -61.31%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ^SP100 and SOXL. For additional features, visit the drawdowns tool.
Volatility
^SP100 vs. SOXL - Volatility Comparison
The current volatility for S&P 100 Index (^SP100) is 12.03%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 59.53%. This indicates that ^SP100 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.