Correlation
The correlation between ^UTY and SOXL is 0.44, 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.
^UTY vs. SOXL
Compare and contrast key facts about PHLX Utility Sector Index (^UTY) 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: ^UTY or SOXL.
Performance
^UTY vs. SOXL - Performance Comparison
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Key characteristics
^UTY:
0.69
SOXL:
-0.52
^UTY:
1.04
SOXL:
-0.39
^UTY:
1.13
SOXL:
0.95
^UTY:
0.82
SOXL:
-0.79
^UTY:
2.33
SOXL:
-1.22
^UTY:
5.18%
SOXL:
57.05%
^UTY:
17.30%
SOXL:
129.65%
^UTY:
-48.16%
SOXL:
-90.46%
^UTY:
-2.73%
SOXL:
-77.25%
Returns By Period
In the year-to-date period, ^UTY achieves a 8.21% return, which is significantly higher than SOXL's -40.61% return. Over the past 10 years, ^UTY has underperformed SOXL with an annualized return of 6.23%, while SOXL has yielded a comparatively higher 20.80% annualized return.
^UTY
8.21%
2.18%
-0.57%
11.89%
2.03%
5.80%
6.23%
SOXL
-40.61%
32.98%
-42.03%
-67.32%
-12.59%
10.11%
20.80%
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Risk-Adjusted Performance
^UTY vs. SOXL — Risk-Adjusted Performance Rank
^UTY
SOXL
^UTY vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PHLX Utility Sector Index (^UTY) 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.
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Drawdowns
^UTY vs. SOXL - Drawdown Comparison
The maximum ^UTY drawdown since its inception was -48.16%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ^UTY and SOXL.
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Volatility
^UTY vs. SOXL - Volatility Comparison
The current volatility for PHLX Utility Sector Index (^UTY) is 5.27%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 28.11%. This indicates that ^UTY 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.
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