SOXL vs TLTP
Direxion Daily Semiconductor Bull 3X ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. SOXL delivered stronger 1-year returns. SOXL offers more diversification with 43 holdings.
Side-by-Side Comparison
| Metric | SOXL | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.39% | |
| AUM | $24.3B | $25M | |
| Dividend Yield | 0.01% | 15.05% | |
| Holdings | 43 | 5 | |
| YTD Return | +135.31% | -8.46% | |
| 1Y Return | +307.18% | -6.80% | |
| 3Y Return (annualized) | +75.84% | - | |
| 5Y Return (annualized) | +21.02% | - | |
| Volatility (annualized) | 87.7% | 8.7% | |
| Max Drawdown | -90.5% | -13.3% | |
| Fund Family | Direxion Shares ETF Trust | Amplify ETFs | |
| Category | Alternative | Alternative | |
| Inception | Mar 11, 2010 | Oct 29, 2024 |
SOXL vs TLTP Performance
Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year SOXL returned +307.18% while TLTP returned -6.80%. Year to date, SOXL is up 135.31% versus a loss of 8.46% for TLTP.
Risk: Volatility and Drawdowns
SOXL has been the more volatile fund, with annualized monthly volatility of 87.7% compared with 8.7% for TLTP. 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 -13.3% for TLTP. 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 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SOXL charges 0.75% per year while TLTP charges 0.39%. On a $10,000 position that is $75 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, SOXL currently yields 0.01% against 15.05% for TLTP.
Holdings Overlap
SOXL and TLTP share 0 holdings out of 38 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, SOXL or TLTP?
SOXL has an expense ratio of 0.75% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, SOXL or TLTP?
Over the past year SOXL returned +307.18% vs -6.80% for TLTP, so SOXL leads on 1-year performance. Over the longest common window we track (2 years), SOXL annualized +36.73% vs -4.75% for TLTP. Past performance does not guarantee future results.
Which is riskier, SOXL or TLTP?
SOXL has been the more volatile fund at 87.7% annualized versus 8.7% for TLTP. Worst drawdown: SOXL -90.5% vs TLTP -13.3%.
Should I hold both SOXL and TLTP?
SOXL and TLTP have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SOXL and TLTP?
SOXL and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 38 unique securities.
Which pays a higher dividend, SOXL or TLTP?
SOXL yields 0.01% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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