^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:
1.92
SOXL:
-0.22
^UTY:
2.62
SOXL:
0.38
^UTY:
1.33
SOXL:
1.05
^UTY:
1.24
SOXL:
-0.35
^UTY:
6.83
SOXL:
-0.54
^UTY:
4.37%
SOXL:
42.01%
^UTY:
15.55%
SOXL:
103.55%
^UTY:
-48.16%
SOXL:
-90.46%
^UTY:
-5.01%
SOXL:
-57.94%
Returns By Period
In the year-to-date period, ^UTY achieves a 5.68% return, which is significantly lower than SOXL's 9.81% return. Over the past 10 years, ^UTY has underperformed SOXL with an annualized return of 5.54%, while SOXL has yielded a comparatively higher 29.61% annualized return.
^UTY
5.68%
1.25%
3.88%
28.07%
2.01%
5.54%
SOXL
9.81%
-7.69%
-24.85%
-21.11%
8.23%
29.61%
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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.
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 4.57%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 32.63%. 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.