^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.
Key characteristics
| ^UTY | SOXL | |
|---|---|---|
| YTD Return | 21.91% | -3.15% |
| 1Y Return | 24.71% | 27.10% |
| 3Y Return (Ann) | 2.79% | -13.26% |
| 5Y Return (Ann) | 4.20% | 21.77% |
| 10Y Return (Ann) | 5.93% | 32.28% |
| Sharpe Ratio | 1.30 | 0.28 |
| Daily Std Dev | 17.55% | 97.33% |
| Max Drawdown | -48.16% | -90.46% |
| Current Drawdown | -3.13% | -57.70% |
Correlation
The correlation between ^UTY and SOXL is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^UTY vs. SOXL - Performance Comparison
In the year-to-date period, ^UTY achieves a 21.91% return, which is significantly higher than SOXL's -3.15% return. Over the past 10 years, ^UTY has underperformed SOXL with an annualized return of 5.93%, while SOXL has yielded a comparatively higher 32.28% annualized 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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Risk-Adjusted Performance
^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.
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. For additional features, visit the drawdowns tool.
Volatility
^UTY vs. SOXL - Volatility Comparison
The current volatility for PHLX Utility Sector Index (^UTY) is 1.96%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 42.63%. 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.