SOXL vs TYO
Direxion Daily Semiconductor Bull 3X ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
SOXL has a lower expense ratio. SOXL delivered stronger 1-year returns. SOXL offers more diversification with 43 holdings.
Side-by-Side Comparison
| Metric | SOXL | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 1.00% | |
| AUM | $24.3B | $13M | |
| Dividend Yield | 0.01% | 2.48% | |
| Holdings | 43 | 6 | |
| YTD Return | +155.29% | +12.51% | |
| 1Y Return | +375.74% | +10.88% | |
| 3Y Return (annualized) | +78.72% | +3.99% | |
| 5Y Return (annualized) | +23.06% | +15.51% | |
| Volatility (annualized) | 87.7% | 19.3% | |
| Max Drawdown | -90.5% | -90.4% | |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust | |
| Category | Alternative | Alternative | |
| Inception | Mar 11, 2010 | Apr 16, 2009 |
SOXL vs TYO Performance
Direxion Daily Semiconductor Bull 3X ETF (SOXL) is a ETF from Direxion Shares ETF Trust and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year SOXL returned +375.74% while TYO returned +10.88%. Year to date, SOXL is up 155.29% versus a gain of 12.51% for TYO.
Over three years, SOXL compounded at +78.72% per year against +3.99% for TYO; over five years the annualized figures are +23.06% and +15.51% respectively. Across the full 16-year window we track, SOXL has the edge at +37.43% annualized vs -7.16%. 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 19.3% for TYO. 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 -90.4% for TYO. 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 -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SOXL charges 0.75% per year while TYO charges 1.00%. On a $10,000 position that is $75 vs $100 annually, a gap of $25 per year that compounds over a long holding period. On income, SOXL currently yields 0.01% against 2.48% for TYO.
Holdings Overlap
SOXL and TYO share 3 holdings out of 35 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SOXL or TYO?
SOXL has an expense ratio of 0.75% while TYO charges 1.00%. SOXL is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, SOXL or TYO?
Over the past year SOXL returned +375.74% vs +10.88% for TYO, so SOXL leads on 1-year performance. Over the longest common window we track (16 years), SOXL annualized +37.43% vs -7.16% for TYO. Past performance does not guarantee future results.
Which is riskier, SOXL or TYO?
SOXL has been the more volatile fund at 87.7% annualized versus 19.3% for TYO. Worst drawdown: SOXL -90.5% vs TYO -90.4%.
Should I hold both SOXL and TYO?
SOXL and TYO have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SOXL and TYO?
SOXL and TYO share 3 common holdings with a 15.8% weight overlap. Combined, they hold 35 unique securities.
Which pays a higher dividend, SOXL or TYO?
SOXL yields 0.01% while TYO yields 2.48%, so TYO currently pays the higher dividend yield.
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