Skip to content
etf.net

SOFA

GradeCNASDAQ

Direxion Daily SOFI Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2026-02-11

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$11.75−0.75 (−5.99%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Feb 11, 2026.History starts Feb 11, 2026.
Intraday session: down, 61 prints from 12.50 to 11.75. Range 11.74 to 12.38. Use the arrow keys to read each point.$12.00$12.20$12.4010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$7M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0.1M sh
NAV per share
$11.95
52W range
low $9.99high $23.91

The ETF.net SOFA Grade

C

48/ 100

Rank 84 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for SOFA. Scores out of 100: Cost 51, Risk 58, Mission 84, Tradability 33, Holdings not scored, Durability 58. Strongest: Mission (84). Weakest: Tradability (33). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 51
    Category rank200/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 84
    Category rank110/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 58
    Category rank95/285 · top 33%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank255/380 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank146/380 · top 38%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SOFA

ETF.net Research

CSoFi with the volume knob turned to 2x, wrapped in an ETF. Direxion's version charges 0.99% a year, undercutting the only other 2x SoFi fund, and resets its leverage every single trading day.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of SoFi Technologies, Inc.'s common shares.

Why people hold it

  1. 01At 0.99%, it undercuts the other 2x SOFI fund (SOFX, 1.29%) and sits a touch below the median fee for leveraged single-stock bull funds.
  2. 02Mechanically plain: it aims for 200% of SoFi's daily share move inside a registered 1940 Act fund, so there's no margin account, options chain, or share borrow to manage.direxion.com
  3. 03Leverage is rebuilt each day rather than left to drift, and because this is a fund share rather than borrowed money, exposure stops at the amount invested.direxion.com

Worth knowing

  1. 01That daily reset makes multi-day results path-dependent. Choppy stretches can leave the fund short of twice SoFi's move over the same span.direxion.com
  2. 02One stock, no cushion. Direxion flags that single-stock funds give up the diversification of an index, so a SoFi earnings gap arrives here at double strength.direxion.com
  3. 03Launched February 2026, it's the younger of the two 2x SoFi ETFs; the 2025-vintage rival has a longer tape for judging liquidity and tracking.investing.com

SOFA Holdings

As of Sep 22, 2026, 10:03 PM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
SOFI SWAP ASSET LEG (SOFIBCL)35.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SOFI SWAP ASSET LEG (SOFIBCL)35.51%444,384$8M1
002—SOFI SWAP ASSET LEG (SOFIGSL)18.53%231,889$4M1
003—GOLDMAN SACHS FIN GOV 465 INSTITUT11.35%2,410,000$2M75
004—SOFI SWAP ASSET LEG (SOFIMLL)10.20%127,701$2M1
005—DREYFUS TRSRY SECURITIES CASH MGMT8.50%1,804,474$2M82
006SOFISOFI TECHNOLOGIES INC8.00%100,087$2M163
007—GOLDMAN FINL SQ TRSRY INST 5065.15%1,094,086$1M100
008—DREYFUS GOVT CASH MAN INS2.77%587,221$587K108

Showing 1–8 of 8 holdings

SOFA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SOFA$9,157
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. SOFA $9,157. SPY $10,415. Use the arrow keys to read each point.$7,317$9,791$12,266Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SOFA. Periods over one year show the average yearly return.
PeriodSOFA
Year to dateFund launched this year—
1 month−19.8%
3 months−8.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SOFA
YearReturn barSOFA
2026 YTD−46.4%

Since listing, Feb 11, 2026

SOFA in the news

ETF.net Research hasn’t filed on SOFA yet — coverage lands here as it’s written.

SOFA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Upcoming payment
$0.06 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.06
Jun 23, 2026Jun 30, 2026$0.05
Mar 24, 2026Mar 31, 2026$0.05

SOFA Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SOFA Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

165 of the 329 Single-Stock Long Leveraged funds charge less.

SOFA costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.