FFLV vs SOXL
Fidelity Fundamental Large Cap Value ETF vs Direxion Daily Semiconductor Bull 3X ETF
Quick Verdict
FFLV has a lower expense ratio. SOXL delivered stronger 1-year returns. FFLV offers more diversification with 109 holdings.
Side-by-Side Comparison
| Metric | FFLV | SOXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.75% | |
| AUM | $16M | $24.3B | |
| Dividend Yield | 1.36% | 0.01% | |
| Holdings | 109 | 43 | |
| YTD Return | +17.46% | +158.70% | |
| 1Y Return | +28.31% | +373.68% | |
| 3Y Return (annualized) | - | +78.05% | |
| 5Y Return (annualized) | - | +25.29% | |
| Volatility (annualized) | 12.3% | 87.7% | |
| Max Drawdown | -16.7% | -90.5% | |
| Fund Family | Fidelity Investments (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Feb 9, 2024 | Mar 11, 2010 |
FFLV vs SOXL Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust. Over the past year FFLV returned +28.31% while SOXL returned +373.68%. Year to date, FFLV is up 17.46% versus a gain of 158.70% for SOXL.
Risk: Volatility and Drawdowns
SOXL has been the more volatile fund, with annualized monthly volatility of 87.7% compared with 12.3% for FFLV. 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 -16.7% for FFLV 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while SOXL charges 0.75%. On a $10,000 position that is $38 vs $75 annually, a gap of $37 per year that compounds over a long holding period. On income, FFLV currently yields 1.36% against 0.01% for SOXL.
Holdings Overlap
FFLV and SOXL share 4 holdings out of 143 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or SOXL?
FFLV has an expense ratio of 0.38% while SOXL charges 0.75%. FFLV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, FFLV or SOXL?
Over the past year FFLV returned +28.31% vs +373.68% for SOXL, so SOXL leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.14% vs +37.54% for SOXL. Past performance does not guarantee future results.
Which is riskier, FFLV or SOXL?
SOXL has been the more volatile fund at 87.7% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs SOXL -90.5%.
Should I hold both FFLV and SOXL?
FFLV and SOXL have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and SOXL?
FFLV and SOXL share 4 common holdings with a 2.2% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, FFLV or SOXL?
FFLV yields 1.36% while SOXL yields 0.01%, so FFLV currently pays the higher dividend yield.
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