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EURL vs SOXL

Direxion Daily FTSE Europe Bull 3X ETF

EURLDNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

Expense ratio

SOXL −0.29pt a year

EURL1.04%SOXL0.75%

Avg volume · 30D

SOXL 4715.1×the volume

EURL15KSOXL70.7M

10Y return · a year

SOXL +29.3pt

EURL+10.1%SOXL+39.4%

EURL vs SOXL Performance

Oct 29, 2021 – Oct 30, 2026

+23.6%EURL+66.7%SOXL

Oct 29, 2021 to Oct 30, 2026. EURL +23.6%. SOXL +66.7%. Use the arrow keys to read each point.−100%200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
EURL 1.04%
SOXL 0.75%, better
Fund size
EURL $41M
SOXL $24.3B
1Y total return
EURL +17.7%
SOXL +61.4%, better
Yield (12M)
EURL 1.98%, better
SOXL 0.12%
Holdings
EURL 9
SOXL 43
Avg volume (30D)
EURL 15K sh
SOXL 70.7M sh, better
NAV per share
EURL $43.57
SOXL $102.45
52W range

ETF.net Grade

EURL: Cost 20, Risk 69, Mission not scored, Tradability 30, 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 EURL, SOXL, with each pillar’s weight
PillarEURLSOXL
Cost30% weightF20A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD32
Tradability15% weightD30A79Higher
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. EURL 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 EURL 22nd 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 21DPILLDirexion Daily Pharmaceutical & Medical Bull 3X ETFScore 37
  7. Rank 22DEURLDirexion Daily FTSE Europe Bull 3X ETFScore 35
  8. Rank 22DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 35

Our read on each fund

ETF.net Research

EURLDDirexion Daily FTSE Europe Bull 3X ETF

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

EURL Most 3x bull funds point at US indexes and sectors. EURL aims the same machinery at Europe, seeking 300% of the FTSE Developed Europe All Cap Index's move for one day at a time, at 1.04% net of a waiver through September 1, 2027.

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

EURL The fund seeks a daily return equal to 300% of the FTSE Developed Europe All Cap Index's performance, before fees and expenses. Its objective applies to a single day rather than longer cumulative periods.

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

  • EURL A single-ticker way to take a leveraged swing at Europe: 3x daily exposure to a broad all-cap developed-Europe index rather than a sector sliver or a basket of ADRs.direxion.com
  • Running since 2014, so the structure has a long live history on the tape, not a backtest, through more than a decade of European politics and rate cycles.direxion.com
  • The mandate is refreshingly blunt: 300% of the index for a single day, reset daily, with Direxion's own documents saying not to expect 3x over longer stretches.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

  • EURL Cost sits above the category's typical 3x fee: 1.04% net of a waiver through September 1, 2027 (1.05% gross), versus SOXL at 0.75% net of its own waiver to September 1, 2027.
  • A small fund that trades thinly next to the lineup's headline tickers, which tends to show up as wider bid-ask spreads around the quoted price.
  • Daily reset makes multi-day results path-dependent: a choppy round trip in the index can leave the fund lower even if the index ends flat.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 EURL profile⁠

Full SOXL profile⁠

EURL 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.

EURL vs SOXL Cost

Overpaying EURL vs SOXL

$4,852

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

  • EURL 1.04%

    $19,334

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • EURL 1.04%
  • 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$20K051015202530EURL $19,334SOXL $14,482

Year by year

YearEURLSOXLOverpaying
10$1,831$1,336$495
20$6,867$5,078$1,789
30$19,334$14,482$4,852

Expense ratio

  • 1.04%EURL
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

EURL 24th cheapest of 30 funds

EURL vs SOXL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EURL 1.98%, better
SOXL 0.12%
Payout (12M)
EURL $0.84
SOXL $0.09
Last payment
EURL $0.15
SOXL $0.09
Ex-dividend
EURL Sep 22, 2026
SOXL Sep 22, 2026
Paid on
EURL Sep 29, 2026
SOXL Sep 29, 2026
Frequency
EURL Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

EURLQuarterly · 29 paymentsAll EURL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.14; Jun 17, 2018 $0.14; Sep 25, 2018 $0.37; Dec 27, 2018 $0.10; Mar 19, 2019 $0.06; Jun 25, 2019 $0.25; Dec 23, 2019 $0.09; Mar 24, 2020 $0.06; Dec 22, 2020 $0.05; Sep 21, 2021 $0.09; Dec 21, 2021 $0.04; Mar 22, 2022 $0.06; Sep 20, 2022 $0.17; Dec 20, 2022 $0.08; Mar 21, 2023 $0.06; Jun 21, 2023 $0.14; Sep 19, 2023 $0.22; Dec 21, 2023 $0.17; Mar 19, 2024 $0.13; Jun 25, 2024 $0.31; Sep 24, 2024 $0.10; Dec 23, 2024 $0.18; Mar 25, 2025 $0.12; Jun 24, 2025 $0.30; Sep 23, 2025 $0.05; Dec 23, 2025 $0.15; Mar 24, 2026 $0.14; Jun 23, 2026 $0.39; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$0.252017202020232026YTD
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$0.252017202020232026YTD

EURL vs SOXL Risk

Fall from peak · 5 years

  • EURL
  • 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
EURL 39.3%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
EURL 0.98, betterSOXL 0.90
Worst fallMax drawdown, 5 years
EURL −74.7%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
EURL 2.02SOXL 7.64

Popular comparisons

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