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DUSL vs SOXL

Direxion Daily Industrials Bull 3X ETF

DUSLCNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

Expense ratio

SOXL −0.22pt a year

DUSL0.97%SOXL0.75%

Avg volume · 30D

SOXL 5479.1×the volume

DUSL13.3KSOXL72.8M

5Y return · a year

DUSL +11.5pt

DUSL+14.6%SOXL+3.1%

DUSL vs SOXL Performance

Nov 4, 2021 – Nov 4, 2026

+97.9%DUSL+16.3%SOXL

Nov 4, 2021 to Nov 4, 2026. DUSL +97.9%. SOXL +16.3%. Use the arrow keys to read each point.−100%200%300%400%Nov 2021May 2024Nov 2026
Expense ratio
DUSL 0.97%
SOXL 0.75%, better
Fund size
DUSL $40M
SOXL $19.9B
1Y total return
DUSL +17.0%
SOXL +55.9%, better
Yield (12M)
DUSL 9.88%, better
SOXL 0.14%
Holdings
DUSL 91
SOXL 44
Avg volume (30D)
DUSL 13.3K sh
SOXL 72.8M sh, better
NAV per share
DUSL $73.60
SOXL $77.06
52W range

ETF.net Grade

DUSL: Cost 38, Risk 73, Mission not scored, Tradability 41, Holdings not scored, Durability 33. SOXL: Cost 100, Risk 32, Mission not scored, Tradability 80, Holdings not scored, Durability 69.
Pillar letters and Scores for DUSL, SOXL, with each pillar’s weight
PillarDUSLSOXL
Cost30% weightD38A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightA73HigherD32
Tradability15% weightC41A80Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD33B69Higher

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. DUSL 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 DUSL 15th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 2AUDOWProShares UltraPro Dow30Score 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 77
  5. Rank 5ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 74
  6. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 48
  7. Rank 15CDUSLDirexion Daily Industrials Bull 3X ETFScore 46
  8. Rank 16CDRNDirexion Daily Real Estate Bull 3X ETFScore 45

Our read on each fund

ETF.net Research

DUSLCDirexion Daily Industrials Bull 3X ETF

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

DUSL Triple-leveraged exposure to the least glamorous corner of the market. DUSL aims to deliver 3x the daily move of the Industrials Select Sector Index, and it resets that target every day. Running since 2017.

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

DUSL The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Industrials 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

  • DUSL One job: 300% of the Industrials Select Sector Index's daily return, before fees and expenses. Direxion has run it since 2017, so the mechanics are well seasoned.direxion.com
  • Leverage spread across roughly 80 industrial companies, so no single name runs the day, though the whole basket moves at 3x.
  • At 0.97% net of a waiver through September 1, 2027 (0.98% gross), the fee sits near the category median for 3x funds.
  • 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

  • DUSL The 3x target resets daily. Hold longer and compounding takes over: choppy stretches can leave you short of 3x the index's move over that span.
  • One of the smaller, less-traded funds in the 3x lineup, which can mean wider bid-ask spreads than the headline leveraged names.
  • Cheaper 3x options exist here: SOXL at 0.75% and TQQQ at 0.78%, each net of waivers (SOXL through September 1, 2027; TQQQ through September 30, 2027).
  • 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 DUSL profile⁠

Full SOXL profile⁠

DUSL vs 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.

DUSL vs SOXL Cost

Overpaying DUSL vs SOXL

$3,716

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

  • DUSL 0.97%

    $18,198

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DUSL 0.97%
  • 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$20K051015202530DUSL $18,198SOXL $14,482

Year by year

YearDUSLSOXLOverpaying
10$1,712$1,336$376
20$6,443$5,078$1,365
30$18,198$14,482$3,716

Expense ratio

  • 0.97%DUSL
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

DUSL 16th cheapest of 30 funds

DUSL vs SOXL Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
DUSL 9.88%, better
SOXL 0.14%
Payout (12M)
DUSL $7.51
SOXL $0.09
Last payment
DUSL $0.0083
SOXL $0.09
Ex-dividend
DUSL Sep 22, 2026
SOXL Sep 22, 2026
Paid on
DUSL Sep 29, 2026
SOXL Sep 29, 2026
Frequency
DUSL Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

DUSLQuarterly · 36 paymentsAll DUSL payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 13, 2017 $0.09; Jun 19, 2018 $0.07; Sep 25, 2018 $0.07; Dec 27, 2018 $0.14; Mar 19, 2019 $0.09; Jun 25, 2019 $0.10; Sep 24, 2019 $0.11; Dec 23, 2019 $0.08; Mar 24, 2020 $0.06; Jun 23, 2020 $0.0042; Sep 22, 2020 $0.01; Dec 22, 2020 $0.02; Mar 23, 2021 $0.0062; Jun 22, 2021 $0.0073; Dec 21, 2021 $0.02; Mar 22, 2022 $0.0031; Jun 22, 2022 $0.02; Sep 20, 2022 $0.08; Dec 20, 2022 $0.11; Mar 21, 2023 $0.10; Jun 21, 2023 $0.15; Sep 19, 2023 $0.14; Dec 21, 2023 $0.16; Mar 19, 2024 $0.14; Jun 25, 2024 $0.11; Sep 24, 2024 $0.08; Dec 12, 2024 $3.22; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.21; Sep 23, 2025 $0.11; Dec 10, 2025 $7.27; Dec 23, 2025 $0.04; Mar 24, 2026 $0.10; Jun 23, 2026 $0.09; Sep 22, 2026 $0.0083. Use the arrow keys to read each point.$0$52017202020232026YTD
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$52017202020232026YTD

DUSL vs SOXL Risk

Fall from peak · 5 years

  • DUSL
  • SOXL
Nov 4, 2021 to Nov 4, 2026. Worst fall: SOXL −90.5% · Oct 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DUSL 48.6%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
DUSL 0.93, betterSOXL 0.90
Worst fallMax drawdown, 5 years
DUSL −58.4%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
DUSL 2.77SOXL 7.64

DUSL and SOXL in the news

All news⁠

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