SAWS vs SOXL
AAM Sawgrass US Small Cap Quality Growth ETF vs Direxion Daily Semiconductor Bull 3X ETF
Quick Verdict
SAWS has a lower expense ratio. SOXL delivered stronger 1-year returns. SAWS offers more diversification with 72 holdings.
Side-by-Side Comparison
| Metric | SAWS | SOXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.75% | |
| AUM | $8M | $24.3B | |
| Dividend Yield | 0.02% | 0.01% | |
| Holdings | 72 | 43 | |
| YTD Return | +11.77% | +158.70% | |
| 1Y Return | +16.68% | +373.68% | |
| 3Y Return (annualized) | - | +78.05% | |
| 5Y Return (annualized) | - | +25.29% | |
| Volatility (annualized) | 18.6% | 87.7% | |
| Max Drawdown | -22.0% | -90.5% | |
| Fund Family | Advisors Asset Management, Inc. | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jul 30, 2024 | Mar 11, 2010 |
SAWS vs SOXL Performance
AAM Sawgrass US Small Cap Quality Growth ETF (SAWS) is a ETF from Advisors Asset Management, Inc. and Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust. Over the past year SAWS returned +16.68% while SOXL returned +373.68%. Year to date, SAWS is up 11.77% 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 18.6% for SAWS. 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 -22.0% for SAWS 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SAWS charges 0.55% per year while SOXL charges 0.75%. On a $10,000 position that is $55 vs $75 annually, a gap of $20 per year that compounds over a long holding period. On income, SAWS currently yields 0.02% against 0.01% for SOXL.
Holdings Overlap
SAWS and SOXL share 0 holdings out of 108 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, SAWS or SOXL?
SAWS has an expense ratio of 0.55% while SOXL charges 0.75%. SAWS is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, SAWS or SOXL?
Over the past year SAWS returned +16.68% vs +373.68% for SOXL, so SOXL leads on 1-year performance. Over the longest common window we track (2 years), SAWS annualized +11.20% vs +37.54% for SOXL. Past performance does not guarantee future results.
Which is riskier, SAWS or SOXL?
SOXL has been the more volatile fund at 87.7% annualized versus 18.6% for SAWS. Worst drawdown: SAWS -22.0% vs SOXL -90.5%.
Should I hold both SAWS and SOXL?
SAWS and SOXL have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SAWS and SOXL?
SAWS and SOXL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, SAWS or SOXL?
SAWS yields 0.02% while SOXL yields 0.01%, so SAWS currently pays the higher dividend yield.
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