Direxion Daily Semiconductor Bear 3X ETF
BThis 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.
$37.42+0.23 (+0.62%)
- 1.00%
- $2.2B
- −96.1%
- 31.87%
- 66.3M sh
- $34.45
- low $28.46high $1030.00
The ETF.net SOXS Grade
B
Score 62 out of 100
- 4 of 14
Score 62 of 100 falls in the B 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.A84 out of 100Rank 2 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F9 out of 100Rank 14 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 3 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 3 of 14
Our read on SOXS
BThe bear half of Direxion's semiconductor pair. SOXS aims for 300% of the inverse of the NYSE Semiconductor Index for one trading day, then resets. A short-term instrument for doubting chips.
The fund seeks daily investment results, before fees and expenses, equal to 300% of the inverse of the NYSE Semiconductor Index's performance.
Why people hold it
- Charges 1.00% a year, below the typical fee among leveraged and inverse funds. Cheap is relative here, but it is the cheaper side of a pricey neighborhood.
- One of the most heavily traded inverse funds around, so bearish chip exposure comes without a margin account or borrowing shares.
- Running since 2010, through multiple boom-and-bust chip cycles. Among the longest-tenured -3x sector bear funds on the tape.
- Stands in the upper half of its leveraged and inverse peer group on cost and tradability.
Worth knowing
- The -3x objective is a daily one. Leverage resets each session, so results over a week or a month can diverge sharply from three times the index move, especially in choppy tape.
- Triple leverage on semiconductors, a sector that swings hard on its own. This is one of the most volatile risk profiles in the ETF wrapper.
- A 1.00% expense ratio is many times what a plain index fund charges, and distributions come quarterly rather than monthly.
SOXS Holdings
- Other
- 8
- 162%
- Icesemi Swap Asset Leg (Icesemmls)
SOXS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SOXS$393
Returns run to the Oct 12, 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.
| Period | SOXS |
|---|---|
| Year to date | −93.9% |
| 1 month | −14.6% |
| 3 months | −7.6% |
| 1 year | −96.1% |
| 3 years | −87.2% |
| 5 years | −80.4% |
| 10 years | −78.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SOXS |
|---|---|---|
| 2026 YTD | −93.9% | |
| 2025 | −85.5% | |
| 2024 | −59.5% | |
| 2023 | −84.6% | |
| 2022 | +15.8% | |
| 2021 | −80.9% | |
| 2020 | −92.9% |
SOXS in the news
SOXS Dividends
- 31.87%
- $11.85
- $0.44 per share
- Quarterly
Distribution history
SOXS 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.
- 89.3%
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.
- −1.73
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.
- −100.0%
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.
- −4.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SOXS Cost
1.00%
SOXS1.00%
- The middle half of 3x Leveraged Inverse funds
- Median 1.05%
3 of the 14 3x Leveraged Inverse funds charge less.
Other funds in 3x Leveraged Inverse
- ASQQQProShares - UltraPro Short QQQExpense ratio 0.99%1 year return −55.4%
- ATZADirexion Daily Small Cap Bear 3X ETFExpense ratio 0.99%1 year return −42.8%
- BFAZDirexion Daily Financial Bear 3x ETFExpense ratio 1.03%1 year return −16.9%
- BYANGDirexion Daily FTSE China Bear 3X ETFExpense ratio 1.03%1 year return +24.8%
- CTECSDirexion Daily Technology Bear 3X ETFExpense ratio 1.01%1 year return −73.3%