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Launched · SEC filings

Direxion Daily Semiconductor Bear 3X ETF

SOXSNYSE ArcaDirexionBThis 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.

$58.09+6.01 (+11.54%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 5 of 14 in 3x Leveraged Inverse

B55/100Rank 5 of 14in3x Leveraged Inverse
Intraday session: up, 79 prints from 52.08 to 58.09. Range 49.92 to 58.40. Use the arrow keys to read each point.50.0054.0056.0010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$3.97B
1Y total return
−91.8%
Yield · Last 12 months
22.76%
Holdings
8
Avg volume · 30D
66.5M sh
52W range
low $28.46high $1030.00
Launched
Filings
SEC EDGAR

The ETF.net SOXS Grade

Based on 4 of 6 pillars

B

Score 55 out of 100

Category
3x Leveraged Inverse⁠
Rank
5 of 14
Six-pillar profile for SOXS. Scores out of 100: Cost 64, Risk 7, Mission not scored, Tradability 81, Holdings not scored, Durability 66. Strongest: Tradability (81). Weakest: Risk (7). Based on 4 of 6 pillars.

Score 55 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.
    B64 out of 100
    Rank 5 of 14

  • 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.
    F7 out of 100
    Rank 14 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 2 of 14

  • 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.
    B66 out of 100
    Rank 3 of 14

Our read on SOXS

ETF.net Research

In short

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

  • 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

Asset class
Other
Holdings
8
Top-10 weight
157%
Largest holding
Icesemi Swap Asset Leg (Icesembcs)50.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataIcesemi Swap Asset Leg (Icesembcs)50.62%-1,466,847−$3.85B1
2No dataIcesemi Swap Asset Leg (Icesemgss)37.98%-1,100,694−$2.89B1
3No dataIcesemi Swap Asset Leg (Icesemmls)27.60%-799,648−$2.1B1
4No dataIcesemi Swap Asset Leg (Icesemjps)16.67%-483,095−$1.27B1
5No dataIcesemi Swap Asset Leg (Icesembps)13.36%-387,273−$1.02B1
6No dataIcesemi Swap Asset Leg (Icesemcts)4.41%-127,677−$335M1
7No dataIcesemi Swap Asset Leg (Icesemsgs)3.45%-100,000−$263M1
8No dataIcesemi Swap Asset Leg (Icesemubs)2.41%-69,919−$184M1

Showing 1–8 of 8 holdings

SOXS 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.

SOXS$819
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SOXS $819. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−91.4%
1 month+57.4%
3 months−2.7%
1 year−91.8%
3 yearsper year−87.0%
5 yearsper year−77.8%
10 yearsper year−77.4%

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 SOXS
YearReturn barSOXS
2026 YTD−91.4%
2025−85.5%
2024−59.5%
2023−84.6%
2022+15.8%

SOXS in the news

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 Oct 30, 2026.
22.76%Last 12 months
Payout per share
$11.85Last 12 months
Last payment
$0.44 per share
Paid 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, 2026Sep 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

See all 27 payments⁠

$10,000 in SOXS 10 years ago paid $18.72 in dividends.⁠

SOXS Risk

Risk pillarF7 out of 100Rank 14 of 14 in 3x Leveraged Inverse

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.
96.2%
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.
−1.48
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.
−100.0%
Trough Oct 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.
−4.67
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.

SOXS Cost

Compare SOXS and SQQQ

Overpaying vs SQQQ, cheapest in 3x Leveraged Inverse

$984

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

  • SOXS 1.00%

    $18,688

  • SQQQ 0.94% Cheapest

    $17,704

$10,000
30 years

Cost over time

  • SOXS 1.00%
  • SQQQ 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SOXS $18,688SQQQ $17,704

Year by year

YearSOXSSQQQOverpaying
10$1,763$1,661$102
20$6,625$6,260$365
30$18,688$17,704$984

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