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Launched · SEC filings

Direxion Daily Semiconductor Bull 3X ETF

SOXLNYSE ArcaDirexionAThis 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.

$40.91−25.77 (−38.65%)

At close: Nov 5, 2026, 4:00 PM ET

A77/ 100

Rank 4 of 31 in 3x Leveraged Long

A77/100Rank 4 of 31in3x Leveraged Long
Intraday session: down, 79 prints from 66.68 to 40.91. Range 40.91 to 56.25. Use the arrow keys to read each point.45.0050.0055.0060.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%*
Fund size
$19.9B
1Y total return
+55.9%
Yield · Last 12 months
0.14%
Holdings
44
Avg volume · 30D
72.8M sh
52W range
low $28.12high $302.00
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 0.91%.

The ETF.net SOXL Grade

Based on 4 of 6 pillars

A

Score 77 out of 100

Category
3x Leveraged Long⁠
Rank
4 of 31
Six-pillar profile for SOXL. Scores out of 100: Cost 100, Risk 32, Mission not scored, Tradability 80, Holdings not scored, Durability 69. Strongest: Cost (100). Weakest: Risk (32). Based on 4 of 6 pillars.

Score 77 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 27 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 3 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 3 of 31

Our read on SOXL

ETF.net Research

In short

AA 3x bet on chip stocks that resets every single day. Direxion launched it in 2010, long before AI made semiconductors the market's main event, and it is now one of the most heavily traded leveraged funds out there.

Stated mandate

It is designed to deliver a daily result three times the performance of the NYSE Semiconductor Index, before fees and expenses, with the objective applying for a single day.

Why people hold it

  • Cheap for the aisle it sits in: 0.75% net of a waiver through September 1, 2027 (0.91% gross), below the category median and under TQQQ's 0.78% net of a waiver through September 30, 2027.
  • The mandate is mechanical: 300% of the NYSE Semiconductor Index's daily move, before fees and expenses, across roughly 40 chip names. No stock picking, no manager discretion.direxion.com
  • A multi-billion-dollar fund that trades very actively, which matters for an instrument designed to be entered and exited inside a single session.
  • Trading since 2010, through several full chip cycles. That is a long run for a 3x product, and one of the stronger setups in its leveraged peer group.

Worth knowing

  • The 3x target applies to one day only. Daily reset plus compounding means multi-day results can diverge sharply from 3x the index, and choppy markets erode value.direxion.com
  • Semiconductors already swing hard. Tripling the daily move magnifies down days exactly as much as up days, so losses can pile up fast.
  • Roughly 40 stocks in a single US industry. No diversification cushion here, and the index itself has been renamed once (to the NYSE Semiconductor Index in 2023).sec.gov

SOXL Holdings

Asset class
Stocks
Holdings
44
Top-10 weight
75%
Largest holding
Icesemi Swap Asset Leg (Icesembcl)18.1%

Sectors

  • Technology100.0%

Geography

  • United States89.32%
  • Taiwan4.69%
  • South Korea2.98%
  • Netherlands1.50%
  • Israel1.08%
  • Singapore0.43%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataIcesemi Swap Asset Leg (Icesembcl)18.07%5,136,032$12.2B1
2No dataIcesemi Swap Asset Leg (Icesemgsl)17.86%5,076,335$12.1B1
3No dataIcesemi Swap Asset Leg (Icesemmll)9.83%2,794,449$6.64B1
4No dataIcesemi Swap Asset Leg (Icesemnml)5.22%1,485,000$3.53B1
5No dataDreyfus Trsry Securities Cash Mgmt5.06%3,417,088,038$3.42B84
6No dataIcesemi Swap Asset Leg (Icesemctl)4.80%1,365,785$3.24B1
7No dataGoldman Finl Sq Trsry Inst 5064.14%2,793,326,054$2.79B96
8No dataIcesemi Swap Asset Leg (Icesembpl)4.04%1,150,015$2.73B1
9No dataIcesemi Swap Asset Leg (Icesemjpl)2.86%812,455$1.93B1
10No dataIcesemi Swap Asset Leg (Icesemubl)2.82%802,148$1.91B1
11No dataDreyfus Govt Cash Man Ins2.47%1,670,207,384$1.67B106
12No dataGoldman Sachs Fin Gov 465 Institut2.14%1,443,164,915$1.44B82
13No dataJp Morgan 100 Us Trsy Capital 31632.04%1,376,000,000$1.38B5
14AMDAdvanced Micro Devices1.64%2,293,640$1.11B634
15NVDANVIDIA Corp1.50%4,890,866$1.01B851

Showing 1–15 of 44 holdings

SOXL Performance

Launched Mar 11, 2010

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

SOXL$15,589
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,478
Nov 4, 2025 to Nov 4, 2026. SOXL $15,589. SPY $11,478. Use the arrow keys to read each point.$10,000$20,000$40,000$60,000Nov 2025May 2026Nov 2026

Nov 4, 2025 – Nov 4, 2026

Returns run to the Nov 4, 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 SOXL. Periods over one year show the average yearly return.
PeriodSOXL
Year to date+58.7%
1 month−59.3%
3 months−52.3%
1 year+55.9%
3 yearsper year+54.5%
5 yearsper year+3.1%
10 yearsper year+38.4%

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 SOXL
YearReturn barSOXL
2026 YTD+58.7%
2025+54.9%
2024−12.3%
2023+227.0%
2022−85.7%
2021+118.8%
2020+70.0%

SOXL in the news

SOXL 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 Nov 4, 2026.
0.14%Last 12 months
Payout per share
$0.09Last 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0081; Jun 19, 2018 $0.02; Sep 25, 2018 $0.03; Dec 27, 2018 $0.02; Mar 19, 2019 $0.02; Jun 25, 2019 $0.01; Sep 24, 2019 $0.02; Dec 23, 2019 $0.02; Mar 24, 2020 $0.0053; Jun 23, 2020 $0.0063; Dec 22, 2020 $0.0034; Mar 23, 2021 $0.02; Dec 21, 2021 $0.01; Mar 22, 2022 $0.0072; Jun 22, 2022 $0.02; Sep 20, 2022 $0.04; Dec 20, 2022 $0.04; Mar 21, 2023 $0.03; Jun 21, 2023 $0.04; Sep 19, 2023 $0.03; Dec 21, 2023 $0.06; Mar 19, 2024 $0.04; Jun 25, 2024 $0.15; Sep 24, 2024 $0.06; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.01; Sep 22, 2026 $0.09. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.09
Sep 23, 2025Sep 30, 2025$0.01
Jun 24, 2025Jul 1, 2025$0.07
Mar 25, 2025Apr 1, 2025$0.06
Dec 23, 2024Dec 31, 2024$0.08
Sep 24, 2024Oct 1, 2024$0.06
Jun 25, 2024Jul 2, 2024$0.15
Mar 19, 2024Mar 26, 2024$0.04
Dec 21, 2023Dec 29, 2023$0.06
Sep 19, 2023Sep 26, 2023$0.03
Jun 21, 2023Jun 28, 2023$0.04
Mar 21, 2023Mar 28, 2023$0.03

See all 32 payments⁠

$10,000 in SOXL 10 years ago paid $4,221 in dividends.⁠

SOXL Risk

Risk pillarD32 out of 100Rank 27 of 31 in 3x Leveraged Long

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.
137.2%
Annualised · 36 months to Oct 2026
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.
0.90
vs 3-month T-bills · to Oct 2026
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.
−90.5%
Trough Oct 2022
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.
7.64
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.

FMP measures it over up to five years of monthly returns.

SOXL Cost

Cheapest in 3x Leveraged Long

$14,482

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • SOXL 0.75%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SOXL $14,482

Year by year

YearSOXL
10$1,336
20$5,078
30$14,482
How the 0.75% is worked out

Full fee 0.91%− waiver 0.16%= you pay 0.75%

The waiver ends Sep 1, 2027. After that the fee is 0.91% unless Direxion renews it. Source: prospectus, Mar 2026.

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