ELCV vs SOXL
Eventide High Dividend ETF vs Direxion Daily Semiconductor Bull 3X ETF
Quick Verdict
ELCV has a lower expense ratio. SOXL delivered stronger 1-year returns. ELCV offers more diversification with 47 holdings.
Side-by-Side Comparison
| Metric | ELCV | SOXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.75% | |
| AUM | $262M | $24.3B | |
| Dividend Yield | 2.15% | 0.01% | |
| Holdings | 47 | 43 | |
| YTD Return | +19.57% | +155.29% | |
| 1Y Return | +25.61% | +375.74% | |
| 3Y Return (annualized) | - | +78.72% | |
| 5Y Return (annualized) | - | +23.06% | |
| Volatility (annualized) | 13.8% | 87.7% | |
| Max Drawdown | -18.4% | -90.5% | |
| Fund Family | Eventide | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Sep 30, 2024 | Mar 11, 2010 |
ELCV vs SOXL Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust. Over the past year ELCV returned +25.61% while SOXL returned +375.74%. Year to date, ELCV is up 19.57% versus a gain of 155.29% for SOXL.
Risk: Volatility and Drawdowns
SOXL has been the more volatile fund, with annualized monthly volatility of 87.7% compared with 13.8% for ELCV. 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 -18.4% for ELCV 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while SOXL charges 0.75%. On a $10,000 position that is $49 vs $75 annually, a gap of $26 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 0.01% for SOXL.
Holdings Overlap
ELCV and SOXL share 7 holdings out of 74 unique holdings combined, representing a 11.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or SOXL?
ELCV has an expense ratio of 0.49% while SOXL charges 0.75%. ELCV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, ELCV or SOXL?
Over the past year ELCV returned +25.61% vs +375.74% for SOXL, so SOXL leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.37% vs +37.43% for SOXL. Past performance does not guarantee future results.
Which is riskier, ELCV or SOXL?
SOXL has been the more volatile fund at 87.7% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs SOXL -90.5%.
Should I hold both ELCV and SOXL?
ELCV and SOXL have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and SOXL?
ELCV and SOXL share 7 common holdings with a 11.2% weight overlap. Combined, they hold 74 unique securities.
Which pays a higher dividend, ELCV or SOXL?
ELCV yields 2.15% while SOXL yields 0.01%, so ELCV currently pays the higher dividend yield.
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