^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.
Correlation
The correlation between ^UTY and SOXL is 0.21, 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
Key characteristics
^UTY:
1.19
SOXL:
-0.02
^UTY:
1.68
SOXL:
0.69
^UTY:
1.21
SOXL:
1.09
^UTY:
0.76
SOXL:
-0.03
^UTY:
4.81
SOXL:
-0.06
^UTY:
3.90%
SOXL:
35.92%
^UTY:
15.79%
SOXL:
101.64%
^UTY:
-48.16%
SOXL:
-90.46%
^UTY:
-9.87%
SOXL:
-61.82%
Returns By Period
In the year-to-date period, ^UTY achieves a 17.20% return, which is significantly higher than SOXL's -12.59% return. Over the past 10 years, ^UTY has underperformed SOXL with an annualized return of 4.53%, while SOXL has yielded a comparatively higher 29.00% annualized return.
^UTY
17.20%
-5.17%
6.94%
18.67%
2.73%
4.53%
SOXL
-12.59%
-4.18%
-52.88%
-10.04%
8.51%
29.00%
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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 4.76%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.92%. 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.