IGBH vs SOXL
iShares Interest Rate Hedged Long-Term Corporate Bond ETF vs Direxion Daily Semiconductor Bull 3X ETF
Quick Verdict
IGBH has a lower expense ratio. SOXL delivered stronger 1-year returns. IGBH offers more diversification with 4,130 holdings.
Side-by-Side Comparison
| Metric | IGBH | SOXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.75% | |
| AUM | $233M | $24.3B | |
| Dividend Yield | 5.62% | 0.01% | |
| Holdings | 4,130 | 43 | |
| YTD Return | +2.18% | +155.29% | |
| 1Y Return | +5.92% | +375.74% | |
| 3Y Return (annualized) | +7.66% | +78.72% | |
| 5Y Return (annualized) | +5.45% | +23.06% | |
| Volatility (annualized) | 7.5% | 87.7% | |
| Max Drawdown | -38.9% | -90.5% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Fixed Income | Alternative | |
| Inception | Jul 22, 2015 | Mar 11, 2010 |
IGBH vs SOXL Performance
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US) and Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust. Over the past year IGBH returned +5.92% while SOXL returned +375.74%. Year to date, IGBH is up 2.18% versus a gain of 155.29% for SOXL.
Over three years, IGBH compounded at +7.66% per year against +78.72% for SOXL; over five years the annualized figures are +5.45% and +23.06% respectively. Across the full 11-year window we track, SOXL has the edge at +37.43% annualized vs +2.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOXL has been the more volatile fund, with annualized monthly volatility of 87.7% compared with 7.5% for IGBH. 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 -38.9% for IGBH 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGBH charges 0.14% per year while SOXL charges 0.75%. On a $10,000 position that is $14 vs $75 annually, a gap of $61 per year that compounds over a long holding period. On income, IGBH currently yields 5.62% against 0.01% for SOXL.
Holdings Overlap
IGBH and SOXL share 0 holdings out of 111 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IGBH or SOXL?
IGBH has an expense ratio of 0.14% while SOXL charges 0.75%. IGBH is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, IGBH or SOXL?
Over the past year IGBH returned +5.92% vs +375.74% for SOXL, so SOXL leads on 1-year performance. Over the longest common window we track (11 years), IGBH annualized +2.91% vs +37.43% for SOXL. Past performance does not guarantee future results.
Which is riskier, IGBH or SOXL?
SOXL has been the more volatile fund at 87.7% annualized versus 7.5% for IGBH. Worst drawdown: IGBH -38.9% vs SOXL -90.5%.
Should I hold both IGBH and SOXL?
IGBH and SOXL have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGBH and SOXL?
IGBH and SOXL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 111 unique securities.
Which pays a higher dividend, IGBH or SOXL?
IGBH yields 5.62% while SOXL yields 0.01%, so IGBH currently pays the higher dividend yield.
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