AVSE vs SOXL
Avantis Responsible Emerging Markets Equity ETF vs Direxion Daily Semiconductor Bull 3X ETF
Quick Verdict
AVSE has a lower expense ratio. SOXL delivered stronger 1-year returns. AVSE offers more diversification with 2,438 holdings.
Side-by-Side Comparison
| Metric | AVSE | SOXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.75% | |
| AUM | $221M | $24.3B | |
| Dividend Yield | 2.16% | 0.01% | |
| Holdings | 2,438 | 43 | |
| YTD Return | +19.05% | +206.84% | |
| 1Y Return | +33.25% | +392.69% | |
| 3Y Return (annualized) | +23.75% | +88.71% | |
| 5Y Return (annualized) | - | +28.08% | |
| Volatility (annualized) | 18.4% | 87.8% | |
| Max Drawdown | -26.3% | -90.5% | |
| Fund Family | Avantis Investors | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Mar 28, 2022 | Mar 11, 2010 |
AVSE vs SOXL Performance
Avantis Responsible Emerging Markets Equity ETF (AVSE) is a ETF from Avantis Investors and Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust. Over the past year AVSE returned +33.25% while SOXL returned +392.69%. Year to date, AVSE is up 19.05% versus a gain of 206.84% for SOXL.
Over three years, AVSE compounded at +23.75% per year against +88.71% for SOXL. Across the full 4-year window we track, SOXL has the edge at +39.02% annualized vs +13.62%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOXL has been the more volatile fund, with annualized monthly volatility of 87.8% compared with 18.4% for AVSE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.3% for AVSE and -90.5% for SOXL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVSE charges 0.33% per year while SOXL charges 0.75%. On a $10,000 position that is $33 vs $75 annually, a gap of $42 per year that compounds over a long holding period. On income, AVSE currently yields 2.16% against 0.01% for SOXL.
Holdings Overlap
AVSE and SOXL share 2 holdings out of 1560 unique holdings combined, representing a 3.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVSE or SOXL?
AVSE has an expense ratio of 0.33% while SOXL charges 0.75%. AVSE is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, AVSE or SOXL?
Over the past year AVSE returned +33.25% vs +392.69% for SOXL, so SOXL leads on 1-year performance. Over the longest common window we track (4 years), AVSE annualized +13.62% vs +39.02% for SOXL. Past performance does not guarantee future results.
Which is riskier, AVSE or SOXL?
SOXL has been the more volatile fund at 87.8% annualized versus 18.4% for AVSE. Worst drawdown: AVSE -26.3% vs SOXL -90.5%.
Should I hold both AVSE and SOXL?
AVSE and SOXL have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVSE and SOXL?
AVSE and SOXL share 2 common holdings with a 3.4% weight overlap. Combined, they hold 1560 unique securities.
Which pays a higher dividend, AVSE or SOXL?
AVSE yields 2.16% while SOXL yields 0.01%, so AVSE currently pays the higher dividend yield.
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