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SOXS

GradeBNew York Stock Exchange Arca

Direxion Daily Semiconductor Bear 3X ETF

Leveraged · Leveraged & Inverse · Direxion · Inception 2010-03-11 · SEC filings

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.

$33.87+1.45 (+4.46%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: up, 59 prints from 32.42 to 33.87. Range 32.81 to 34.86. Use the arrow keys to read each point.$33.00$33.50$34.50$35.0010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$1.7B
1Y return
−96.8%
Yield · Last 12 months
71.28%
Holdings
13
Volume · 30D
60.1M sh
NAV per share
$44.97
52W range
low $31.70high $17190.00

The ETF.net SOXS Grade

B

62/ 100

Rank 4 of 14 in 3x Leveraged Inverse⁠

Confidence Low

Six-pillar profile for SOXS. Scores out of 100: Cost 84, Risk 8, Mission not scored, Tradability 76, Holdings not scored, Durability 64. Strongest: Cost (84). Weakest: Risk (8). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B 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.
    AScore 84
    Category rank2/14 · top 14%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 8
    Category rank14/14 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank3/14 · top 21%

  • 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 64
    Category rank3/14 · top 21%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on SOXS

ETF.net Research

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.

Stated mandate

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

  1. 01Charges 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.
  2. 02One of the most heavily traded inverse funds around, so bearish chip exposure comes without a margin account or borrowing shares.
  3. 03Running since 2010, through multiple boom-and-bust chip cycles. Among the longest-tenured -3x sector bear funds on the tape.
  4. 04Stands in the upper half of its leveraged and inverse peer group on cost and tradability.

Worth knowing

  1. 01The -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.
  2. 02Triple leverage on semiconductors, a sector that swings hard on its own. This is one of the most volatile risk profiles in the ETF wrapper.
  3. 03A 1.00% expense ratio is many times what a plain index fund charges, and distributions come quarterly rather than monthly.

SOXS Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Other
Holdings
13
Top-10 weight
161%
Largest holding
ICESEMI SWAP ASSET LEG (ICESEMBCS)40.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—ICESEMI SWAP ASSET LEG (ICESEMBCS)40.95%-445,258$-1.3B1
002—ICESEMI SWAP ASSET LEG (ICESEMGSS)36.06%-392,072$-1.1B1
003—ICESEMI SWAP ASSET LEG (ICESEMMLS)26.90%-292,541$-836M1
004—ICESEMI SWAP ASSET LEG (ICESEMBPS)17.22%-187,273$-535M1
005—ICESEMI SWAP ASSET LEG (ICESEMJPS)16.84%-183,095$-523M1
006—ICESEMI SWAP ASSET LEG (ICESEMSGS)9.20%-100,000$-286M1
007—ICESEMI SWAP ASSET LEG (ICESEMCTS)7.88%-85,650$-245M1
008—ICESEMI SWAP ASSET LEG (ICESEMUBS)6.43%-69,919$-200M1

Showing 1–8 of 8 holdings

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$324
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SOXS $324. SPY $11,723. Use the arrow keys to read each point.$-596$6,041$12,677Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 SOXS. Periods over one year show the average yearly return.
PeriodSOXS
Year to date−94.7%
1 month−30.1%
3 months+0.5%
1 year−96.8%
3 years−88.4%per year
5 years−80.2%per year
10 years−78.6%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 SOXS
YearReturn barSOXS
2026 YTD−94.7%
2025−85.5%
2024−59.5%
2023−84.6%
2022+15.8%
2021−80.9%
2020−92.9%

SOXS in the news

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

SOXS 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.
71.28%Last 12 months
Payout per share
$23.11Last 12 months
Upcoming payment
$0.44 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 24 payments from 2017 to 2026 YTD. Mar 20, 2018 $30,768.12; Jun 19, 2018 $18,744.07; Sep 25, 2018 $48,720.19; Dec 27, 2018 $141,216.56; Mar 19, 2019 $39,840.16; Sep 24, 2019 $61,245.84; Dec 23, 2019 $15,326.46; Mar 24, 2020 $12,830.44; Dec 20, 2022 $148.26; Mar 21, 2023 $375.84; Jun 21, 2023 $238.54; Sep 19, 2023 $318.98; Dec 21, 2023 $139.34; Mar 19, 2024 $82.66; Jun 25, 2024 $54.95; Sep 24, 2024 $46.86; Dec 23, 2024 $60.40; Mar 25, 2025 $36.92; Jun 24, 2025 $11.22; Sep 23, 2025 $11.26; Dec 23, 2025 $8.17; Mar 24, 2026 $2.87; Jun 23, 2026 $0.38; Sep 22, 2026 $0.44. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.44
Jun 23, 2026Jun 30, 2026$0.38
Mar 24, 2026Mar 31, 2026$2.87
Dec 23, 2025Dec 31, 2025$8.17
Sep 23, 2025Sep 30, 2025$11.26
Jun 24, 2025Jul 1, 2025$11.22
Mar 25, 2025Apr 1, 2025$36.92
Dec 23, 2024Dec 31, 2024$60.40
Sep 24, 2024Oct 1, 2024$46.86
Jun 25, 2024Jul 2, 2024$54.95
Mar 19, 2024Mar 26, 2024$82.66
Dec 21, 2023Dec 29, 2023$139.34

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.

How much the fund’s monthly returns vary, scaled to a year.
90.9%
Annualised · 36 months to Aug 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.
−1.50
vs 3-month T-bills · to Aug 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.
−100.0%
Trough Jun 2026
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.
−4.68
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.

SOXS Cost

Expense ratio1.00%
  • The middle half of 3x Leveraged Inverse funds
  • Median 1.05%

3 of the 14 3x Leveraged Inverse funds charge less.

SOXS costs $100.00 a year on $10,000. The median 3x Leveraged Inverse fund costs $105.00.