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RETL vs SOXL

Direxion Daily Retail Bull 3X Shares

RETLCNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

7.3%by weight

Expense ratio

SOXL −0.21pt a year

RETL0.96%SOXL0.75%

Avg volume · 30D

SOXL 216.3×the volume

RETL336KSOXL72.8M

10Y return · a year

SOXL +40.6pt

RETL−2.2%SOXL+38.4%

RETL vs SOXL Performance

Nov 4, 2021 – Nov 4, 2026

−78.9%RETL+16.3%SOXL

Nov 4, 2021 to Nov 4, 2026. RETL −78.9%. SOXL +16.3%. Use the arrow keys to read each point.100%200%300%400%Nov 2021May 2024Nov 2026
Expense ratio
RETL 0.96%
SOXL 0.75%, better
Fund size
RETL $32M
SOXL $19.9B
1Y total return
RETL +32.2%
SOXL +55.9%, better
Yield (12M)
RETL 0.72%, better
SOXL 0.14%
Holdings
RETL 81
SOXL 44
Avg volume (30D)
RETL 336K sh
SOXL 72.8M sh, better
NAV per share
RETL $8.77
SOXL $77.06
52W range

ETF.net Grade

RETL: Cost 62, Risk 36, Mission not scored, Tradability 49, Holdings not scored, Durability 40. SOXL: Cost 100, Risk 32, Mission not scored, Tradability 80, Holdings not scored, Durability 69.
Pillar letters and Scores for RETL, SOXL, with each pillar’s weight
PillarRETLSOXL
Cost30% weightB62A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightD36HigherD32
Tradability15% weightC49A80Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B69Higher

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. RETL 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 RETL 12th 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 12CDFENDirexion Daily Aerospace & Defense Bull 3X SharesScore 51
  7. Rank 12CRETLDirexion Daily Retail Bull 3X SharesScore 51
  8. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 48

Our read on each fund

ETF.net Research

RETLCDirexion Daily Retail Bull 3X Shares

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

RETL Retail, tripled. RETL aims for 300% of the S&P Retail Select Industry Index's daily move, spread across roughly 80 retailers instead of one or two giants. Trading since 2010, and the math resets every day.

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

RETL The fund seeks daily investment results, before fees and expenses, equal to 300% of the S&P Retail Select Industry 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

  • RETL Retail gets its own trade: 3x daily exposure to the S&P Retail Select Industry Index, spread across roughly 80 retailers rather than a broad consumer basket.
  • At 0.96% a year, the fee comes in under the typical leveraged bull fund's.
  • The mechanics are spelled out in advance: a stated 300% of one day's index move, reset daily, with no stock picking or manager discretion in the mix.
  • Live since 2010, a long run for a leveraged sector fund, and it changes hands actively during the session.
  • 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

  • RETL The 3x math applies to one day. Hold across many days and compounding can pull results well away from three times the index over that stretch, especially in choppy markets.
  • One narrow, cyclical corner of the market at triple speed: swings run far larger than a broad index fund's, in both directions.
  • Assets are small by ETF standards, which matters for trading spreads and for a fund's long-term staying power.
  • 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 RETL profile⁠

Full SOXL profile⁠

RETL vs SOXL Holdings

How RETL and SOXL differ

Overlap by weight

7.3%

Shared holdings make up 11.1% of RETL and 8.7% of SOXL.

Level by level

  • Sector5 Sectors1.3%
  • Holdings2 in both7.3%
  • Countryby domicile89.3%
  • Asset classEquity100%

Sector

Sector weights in RETL and SOXL, widest gap first
SectorMore in RETLMore in SOXLGap
TechnologySOXL +98.7 points
Consumer DiscretionaryRETL +75.6 points
Consumer StaplesRETL +20.5 points
Health CareRETL +1.6 points
CommunicationRETL +1.0 points

Country, concentration and asset class

Country by domicile

Country weights in RETL and SOXL, widest gap first
CountryMore in RETLMore in SOXLGap
United StatesRETL +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

  • RETL81.4%
  • SOXL74.7%

Securities held

  • RETL76
  • SOXL33

Asset class

RETL
Equity
SOXL
Equity

Holdings

  • Only in RETL74
  • In both2
  • Only in SOXL31

Only in RETL

74 securities, 19.7% of RETL by weight

  • Kohls Corp0.36%
  • Realreal Inc/The0.35%
  • Victoria's Secret & Co0.35%

Only in SOXL

31 securities, 20.3% of SOXL by weight

  • Jp Morgan 100 Us Trsy Capital 31632.04%
  • Advanced Micro Devices1.64%
  • NVIDIA Corp1.50%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in RETL and SOXL, widest gap first
HoldingMore in RETLMore in SOXLGap
Goldman Finl Sq Trsry Inst 506SOXL +1.43 points
Goldman Sachs Fin Gov 465 InstitutRETL +0.90 points

All 85 RETL 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.

RETL vs SOXL Cost

Overpaying RETL vs SOXL

$3,552

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

  • RETL 0.96%

    $18,034

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • RETL 0.96%
  • 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$20K051015202530RETL $18,034SOXL $14,482

Year by year

YearRETLSOXLOverpaying
10$1,695$1,336$359
20$6,383$5,078$1,305
30$18,034$14,482$3,552

Expense ratio

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

SOXL cheapest of 30 funds

RETL 11th cheapest of 30 funds

RETL vs SOXL Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
RETL 0.72%, better
SOXL 0.14%
Payout (12M)
RETL $0.07
SOXL $0.09
Last payment
RETL $0.02
SOXL $0.09
Ex-dividend
RETL Sep 22, 2026
SOXL Sep 22, 2026
Paid on
RETL Sep 29, 2026
SOXL Sep 29, 2026
Frequency
RETL Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

RETLQuarterly · 28 paymentsAll RETL payments⁠
One bar per payment. 28 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0012; Mar 20, 2018 $0.05; Jun 19, 2018 $0.03; Sep 25, 2018 $0.02; Dec 27, 2018 $0.01; Mar 19, 2019 $0.04; Jun 25, 2019 $0.03; Sep 24, 2019 $0.03; Dec 23, 2019 $0.0022; Mar 24, 2020 $0.03; Mar 23, 2021 $0.0056; Dec 21, 2021 $0.08; Jun 22, 2022 $0.01; Sep 20, 2022 $0.02; Dec 20, 2022 $0.02; Mar 21, 2023 $0.03; Jun 21, 2023 $0.05; Sep 19, 2023 $0.02; Dec 21, 2023 $0.03; Mar 19, 2024 $0.03; Jun 25, 2024 $0.04; Sep 24, 2024 $0.02; Dec 23, 2024 $0.02; Mar 25, 2025 $0.03; Jun 24, 2025 $0.03; Mar 24, 2026 $0.02; Jun 23, 2026 $0.03; Sep 22, 2026 $0.02. Use the arrow keys to read each point.$0$0.102017202020232026YTD
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$0.102017202020232026YTD

RETL vs SOXL Risk

Fall from peak · 5 years

  • RETL
  • SOXL
Nov 4, 2021 to Nov 4, 2026. Worst fall: RETL −92.0% · Apr 2025. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
RETL 62.5%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
RETL 0.53SOXL 0.90, better
Worst fallMax drawdown, 5 years
RETL −92.0%SOXL −90.5%, better
Market sensitivityBeta, 5 years
RETL 3.49SOXL 7.64

RETL and SOXL in the news

All news⁠

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