SOXL vs SPGM
Direxion Daily Semiconductor Bull 3X ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. SOXL delivered stronger 1-year returns. SPGM offers more diversification with 2,985 holdings.
Side-by-Side Comparison
| Metric | SOXL | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $24.3B | $1.8B | |
| Dividend Yield | 0.01% | 1.81% | |
| Holdings | 43 | 2,985 | |
| YTD Return | +155.29% | +14.45% | |
| 1Y Return | +375.74% | +25.63% | |
| 3Y Return (annualized) | +78.72% | +22.00% | |
| 5Y Return (annualized) | +23.06% | +11.59% | |
| Volatility (annualized) | 87.7% | 13.6% | |
| Max Drawdown | -90.5% | -34.0% | |
| Fund Family | Direxion Shares ETF Trust | SPDR State Street Global Advisors | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2010 | Feb 27, 2012 |
SOXL vs SPGM Performance
Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year SOXL returned +375.74% while SPGM returned +25.63%. Year to date, SOXL is up 155.29% versus a gain of 14.45% for SPGM.
Over three years, SOXL compounded at +78.72% per year against +22.00% for SPGM; over five years the annualized figures are +23.06% and +11.59% respectively. Across the full 15-year window we track, SOXL has the edge at +37.43% annualized vs +9.87%. 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 13.6% for SPGM. 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 -90.5% for SOXL and -34.0% for SPGM. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SOXL charges 0.75% per year while SPGM charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, SOXL currently yields 0.01% against 1.81% for SPGM.
Holdings Overlap
SOXL and SPGM share 20 holdings out of 2861 unique holdings combined, representing a 9.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SOXL or SPGM?
SOXL has an expense ratio of 0.75% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, SOXL or SPGM?
Over the past year SOXL returned +375.74% vs +25.63% for SPGM, so SOXL leads on 1-year performance. Over the longest common window we track (15 years), SOXL annualized +37.43% vs +9.87% for SPGM. Past performance does not guarantee future results.
Which is riskier, SOXL or SPGM?
SOXL has been the more volatile fund at 87.7% annualized versus 13.6% for SPGM. Worst drawdown: SOXL -90.5% vs SPGM -34.0%.
Should I hold both SOXL and SPGM?
SOXL and SPGM have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SOXL and SPGM?
SOXL and SPGM share 20 common holdings with a 9.0% weight overlap. Combined, they hold 2861 unique securities.
Which pays a higher dividend, SOXL or SPGM?
SOXL yields 0.01% while SPGM yields 1.81%, so SPGM currently pays the higher dividend yield.
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