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SOXL vs TQQQ

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

ProShares UltraPro QQQ

TQQQANasdaq

Overlap

11.4%by weight

Expense ratio

SOXL −0.03pt a year

SOXL0.75%TQQQ0.78%

Avg volume · 30D

SOXL 1.2×the volume

SOXL70.7MTQQQ57.5M

10Y return · a year

SOXL +1.5pt

SOXL+39.4%TQQQ+37.9%

SOXL vs TQQQ Performance

Oct 29, 2021 – Oct 30, 2026

+66.7%SOXL+64.2%TQQQ

Oct 29, 2021 to Oct 30, 2026. SOXL +66.7%. TQQQ +64.2%. Use the arrow keys to read each point.−100%200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
SOXL 0.75%, better
TQQQ 0.78%
Fund size
SOXL $24.3B
TQQQ $32.1B
1Y total return
SOXL +61.4%, better
TQQQ +7.1%
Yield (12M)
SOXL 0.12%
TQQQ 0.78%, better
Holdings
SOXL 43
TQQQ 116
Avg volume (30D)
SOXL 70.7M sh, better
TQQQ 57.5M sh
NAV per share
SOXL $102.45
TQQQ $61.97
52W range

ETF.net Grade

SOXL: Cost 100, Risk 32, Mission not scored, Tradability 79, Holdings not scored, Durability 69. TQQQ: Cost 97, Risk 57, Mission 84, Tradability 97, Holdings not scored, Durability 79.
Pillar letters and Scores for SOXL, TQQQ, with each pillar’s weight
PillarSOXLTQQQ
Cost30% weightA100HigherA97
Mission25% weightNot scoredA84
Risk15% weightD32B57Higher
Tradability15% weightA79A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB69A79Higher

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. SOXL and TQQQ 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 ›

TQQQ ranks 1st and SOXL 4th 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

Our read on each fund

ETF.net Research

SOXLADirexion Daily Semiconductor Bull 3X ETF

TQQQAProShares UltraPro QQQ

In short

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.

TQQQ The original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

Stated mandate

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.

TQQQ The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

Why people hold it

  • 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.
  • TQQQ Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov

Worth knowing

  • 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
  • TQQQ The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.

Full SOXL profile⁠

Full TQQQ profile⁠

SOXL vs TQQQ Holdings

How SOXL and TQQQ differ

Overlap by weight

11.4%

Shared holdings make up 17.7% of SOXL and 14.2% of TQQQ.

Level by level

  • Holdings19 in both11.4%
  • Sector10 Sectors60.3%
  • Countryby domicile90.2%
  • Asset classEquity100%

Sector

Sector weights in SOXL and TQQQ, widest gap first
SectorMore in SOXLMore in TQQQ
TechnologySOXL +39.7 points
CommunicationTQQQ +12.6 points
Consumer DiscretionaryTQQQ +10.1 points
Consumer StaplesTQQQ +5.6 points
IndustrialsTQQQ +5.1 points
Health CareTQQQ +3.8 points
UtilitiesTQQQ +1.0 points
MaterialsTQQQ +0.9 points
EnergyTQQQ +0.5 points
FinancialsTQQQ +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in SOXL and TQQQ, widest gap first
CountryMore in SOXLMore in TQQQ
United StatesTQQQ +8.0 points
TaiwanSOXL +4.7 points
South KoreaSOXL +3.0 points
IsraelSOXL +1.1 points
CanadaTQQQ +1.1 points
NetherlandsSOXL +0.6 points
Other countries (4)TQQQ +0.4 points

Concentration

Weight in the 10 largest Holdings

  • SOXL74.3%
  • TQQQ54.5%

Securities held

  • SOXL32
  • TQQQ115

Asset class

SOXL
Equity
TQQQ
Equity

Holdings

  • Only in SOXL13
  • In both19
  • Only in TQQQ96

Only in SOXL

13 securities, 7.6% of SOXL by weight

  • Jp Morgan 100 Us Trsy Capital 31632.46%
  • Goldman Finl Sq Trsry Inst 5061.94%
  • Taiwan Semiconductor-Sp Adr0.66%

Only in TQQQ

96 securities, 70.7% of TQQQ by weight

  • Proshares Genius Mny Mkt Etf16.45%
  • Apple Inc3.90%
  • TREASURY BILL, 0%, due 2027-01-263.31%

Weight gaps

All 19 Holdings in both funds, largest gap first.

Holding weights in SOXL and TQQQ, widest gap first
HoldingMore in SOXLMore in TQQQ
NVIDIA CorpNVDATQQQ +2.22 points
Intel CorpINTCSOXL +0.96 points
Nxp Semiconductors NVNXPISOXL +0.63 points
Analog Devices IncADISOXL +0.56 points
Qualcomm IncQCOMSOXL +0.53 points
Micron Technology IncMUTQQQ +0.53 points
Monolithic Power Systems IncMPWRSOXL +0.52 points
Marvell Technology IncMRVLSOXL +0.48 points

All 44 SOXL holdings⁠All 123 TQQQ 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.

SOXL vs TQQQ Cost

Overpaying TQQQ vs SOXL

$520

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

  • SOXL 0.75%

    $14,482

  • TQQQ 0.78%

    $15,002

$10,000
30 years

Cost over time

  • SOXL 0.75%
  • TQQQ 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TQQQ $15,002SOXL $14,482

Year by year

YearSOXLTQQQOverpaying
10$1,336$1,388$52
20$5,078$5,268$190
30$14,482$15,002$520

Expense ratio

  • 0.75%SOXL, cheaper
  • 0.78%TQQQ
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

TQQQ 2nd cheapest of 30 funds

SOXL vs TQQQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SOXL 0.12%
TQQQ 0.78%, better
Payout (12M)
SOXL $0.09
TQQQ $0.48
Last payment
SOXL $0.09
TQQQ $0.16
Ex-dividend
SOXL Sep 22, 2026
TQQQ Sep 23, 2026
Paid on
SOXL Sep 29, 2026
TQQQ Sep 29, 2026
Frequency
SOXL Annual
TQQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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$0.202017202020232026YTD
TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$0.202017202020232026YTD

SOXL vs TQQQ Risk

Fall from peak · 5 years

  • SOXL
  • TQQQ
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
SOXL 137.2%TQQQ 56.9%, better
Return per unit of riskSharpe ratio, 3 years
SOXL 0.90TQQQ 0.98, better
Worst fallMax drawdown, 5 years
SOXL −90.5%TQQQ −81.7%, better
Market sensitivityBeta, 5 years
SOXL 7.64TQQQ 3.71

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