SQQQ vs. SOXL - ETF Comparison
SQQQ - ProShares UltraPro Short QQQ
The ProShares UltraPro Short QQQ ETF provides 3x daily short leverage to the NASDAQ-100 Index, making it a suitable option for sophisticated investors with a bearish short-term outlook for large-cap US equities. Please note that the fund's leverage resets daily, resulting in compounding of returns when held for multiple periods.
SOXL - Direxion Daily Semiconductor Bull 3x Shares
The Direxion Daily Semiconductor Bull 3x Shares ETF provides investors with 3x daily long leverage to the ICE Semiconductor Index, making it a suitable option for those with a bullish short-term outlook for semiconductor equities in developed markets. Please note that the fund's leverage resets daily, resulting in compounding of returns when held for multiple periods.
| SQQQ | SOXL | |
|---|---|---|
| Fund Name | ProShares UltraPro Short QQQ | Direxion Daily Semiconductor Bull 3x Shares |
| Fund Provider | Proshare Advisors LLC | Rafferty Asset Management |
| Index | NASDAQ-100 Index (-300%) | ICE Semiconductor Index (300%) |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.95% | 0.76% |
| Inception Date | 2010-02-09 | 2010-03-11 |
| Number Of Holdings | 17 | 31 |
| Region | United States | Developed Markets |
| Investment Style | Growth | Growth |
| Market Cap | Large-Cap | Large-Cap |
| Sector | Technology | Technology |
| Leveraged | Leveraged | Leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.