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DRN vs SOXL

Direxion Daily Real Estate Bull 3X ETF

DRNCNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

4.3%by weight

Expense ratio

SOXL −0.23pt a year

DRN0.98%SOXL0.75%

Avg volume · 30D

SOXL 55.9×the volume

DRN1.26MSOXL70.7M

10Y return · a year

SOXL +44.0pt

DRN−4.6%SOXL+39.4%

DRN vs SOXL Performance

Oct 29, 2021 – Oct 30, 2026

−57.1%DRN+66.7%SOXL

Oct 29, 2021 to Oct 30, 2026. DRN −57.1%. SOXL +66.7%. Use the arrow keys to read each point.200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
DRN 0.98%
SOXL 0.75%, better
Fund size
DRN $43M
SOXL $24.3B
1Y total return
DRN +11.3%
SOXL +61.4%, better
Yield (12M)
DRN 2.34%, better
SOXL 0.12%
Holdings
DRN 35
SOXL 43
Avg volume (30D)
DRN 1.26M sh
SOXL 70.7M sh, better
NAV per share
DRN $9.51
SOXL $102.45
52W range

ETF.net Grade

DRN: Cost 38, Risk 61, Mission not scored, Tradability 42, Holdings not scored, Durability 44. SOXL: Cost 100, Risk 32, Mission not scored, Tradability 79, Holdings not scored, Durability 69.
Pillar letters and Scores for DRN, SOXL, with each pillar’s weight
PillarDRNSOXL
Cost30% weightD38A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB61HigherD32
Tradability15% weightC42A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44B69Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DRN and SOXL are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

SOXL ranks 4th and DRN 18th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 5ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 74
  6. Rank 16CNAILDirexion Daily Homebuilders & Supplies Bull 3X ETFScore 45
  7. Rank 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44
  8. Rank 19CMIDUDirexion Daily Mid Cap Bull 3X ETFScore 42

Our read on each fund

ETF.net Research

DRNCDirexion Daily Real Estate Bull 3X ETF

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

DRN Leveraged trading tools cluster around tech and banks. DRN has run 3x daily exposure to the S&P 500's real estate sector since 2009, a rare lever on landlords, malls and data centers.

SOXL A 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

DRN The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Real Estate Select Sector Index.

SOXL 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

  • DRN Aims for 300% of the Real Estate Select Sector Index's daily move: a leveraged handle on REITs and property operators, not the usual tech or broad-index trade.direxion.com
  • 0.98% a year, under the median fee for leveraged funds. Not cheap in absolute terms, but priced at the low end of a pricey category.
  • Actively traded for a niche leveraged product, so getting in and out is usually the easy part of the trade.
  • Running since 2009, through the entire post-crisis property cycle, and paired with a mirror bear fund for the other side of the view.direxion.com
  • SOXL 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

  • DRN The leverage resets every day. Over longer stretches, compounding takes charge, and a choppy market can leave results far from 3x the index move.direxion.com
  • One sector, roughly 40 names, then tripled. Concentration is the whole point, and it works in both directions.
  • A near-1% fee is heavy next to plain real estate index funds; that is the cost of the swap-based leverage wrapper.direxion.com
  • SOXL 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

Full DRN profile⁠

Full SOXL profile⁠

DRN vs SOXL Holdings

How DRN and SOXL differ

Overlap by weight

4.3%

Shared holdings make up 6.3% of DRN and 4.7% of SOXL.

Level by level

  • Sector2 Sectors0.0%
  • Holdings1 in both4.3%
  • Countryby domicile89.3%
  • Asset classEquity100%

Sector

Sector weights in DRN and SOXL, widest gap first
SectorMore in DRNMore in SOXL
Real EstateDRN +100.0 points
TechnologySOXL +100.0 points

Country, concentration and asset class

Country by domicile

Country weights in DRN and SOXL, widest gap first
CountryMore in DRNMore in SOXL
United StatesDRN +10.7 points
TaiwanSOXL +4.7 points
South KoreaSOXL +3.0 points
NetherlandsSOXL +1.5 points
IsraelSOXL +1.1 points
SingaporeSOXL +0.4 points

Concentration

Weight in the 10 largest Holdings

  • DRN85.2%
  • SOXL74.3%

Securities held

  • DRN31
  • SOXL32

Asset class

DRN
Equity
SOXL
Equity

Holdings

  • Only in DRN30
  • In both1
  • Only in SOXL31

Only in DRN

30 securities, 23.5% of DRN by weight

  • Welltower Inc2.65%
  • Prologis Inc1.92%
  • Equinix Inc1.62%

Only in SOXL

31 securities, 23.4% of SOXL by weight

  • Jp Morgan 100 Us Trsy Capital 31632.46%
  • Advanced Micro Devices1.99%
  • Intel Corp1.70%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in DRN and SOXL, widest gap first
HoldingMore in DRNMore in SOXL
Goldman Finl Sq Trsry Inst 506SOXL +0.37 points

All 37 DRN holdings⁠All 44 SOXL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DRN vs SOXL Cost

Overpaying DRN vs SOXL

$3,880

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

  • DRN 0.98%

    $18,362

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DRN 0.98%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRN $18,362SOXL $14,482

Year by year

YearDRNSOXLOverpaying
10$1,729$1,336$393
20$6,504$5,078$1,426
30$18,362$14,482$3,880

Expense ratio

  • 0.98%DRN
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

DRN 18th cheapest of 30 funds

DRN vs SOXL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRN 2.34%, better
SOXL 0.12%
Payout (12M)
DRN $0.22
SOXL $0.09
Last payment
DRN $0.07
SOXL $0.09
Ex-dividend
DRN Sep 22, 2026
SOXL Sep 22, 2026
Paid on
DRN Sep 29, 2026
SOXL Sep 29, 2026
Frequency
DRN Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

DRNQuarterly · 35 paymentsAll DRN payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.21; Jun 19, 2018 $0.25; Sep 25, 2018 $0.14; Dec 27, 2018 $0.13; Mar 19, 2019 $0.07; Jun 25, 2019 $0.14; Sep 24, 2019 $0.15; Dec 12, 2019 $0.40; Mar 24, 2020 $0.15; Jun 23, 2020 $0.02; Sep 22, 2020 $0.03; Dec 22, 2020 $0.04; Mar 23, 2021 $0.04; Jun 22, 2021 $0.05; Sep 21, 2021 $0.06; Dec 9, 2021 $1.13; Mar 22, 2022 $0.12; Jun 22, 2022 $0.04; Sep 20, 2022 $0.09; Dec 20, 2022 $0.01; Mar 21, 2023 $0.09; Jun 21, 2023 $0.07; Sep 19, 2023 $0.07; Dec 21, 2023 $0.07; Mar 19, 2024 $0.04; Jun 25, 2024 $0.08; Sep 24, 2024 $0.06; Dec 23, 2024 $0.04; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.05; Dec 23, 2025 $0.05; Mar 24, 2026 $0.05; Jun 23, 2026 $0.06; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$12017202020232026YTD
SOXLAnnual · 29 paymentsAll SOXL payments⁠
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.$0$12017202020232026YTD

DRN vs SOXL Risk

Fall from peak · 5 years

  • DRN
  • SOXL
Oct 29, 2021 to Oct 30, 2026. Worst fall: SOXL −90.5% · Oct 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRN 50.3%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
DRN 0.50SOXL 0.90, better
Worst fallMax drawdown, 5 years
DRN −80.6%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
DRN 2.62SOXL 7.64

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