Skip to content
etf.net

SOXL vs UMDD

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

ProShares UltraPro MidCap 400

UMDDBNYSE Arca

Overlap

Expense ratio

SOXL −0.20pt a year

SOXL0.75%UMDD0.95%

Avg volume · 30D

SOXL 12257.8×the volume

SOXL72.8MUMDD5.94K

10Y return · a year

SOXL +26.6pt

SOXL+38.4%UMDD+11.8%

SOXL vs UMDD Performance

Nov 4, 2021 – Nov 4, 2026

+16.3%SOXL−9.7%UMDD

Nov 4, 2021 to Nov 4, 2026. SOXL +16.3%. UMDD −9.7%. Use the arrow keys to read each point.−100%100%200%300%400%Nov 2021May 2024Nov 2026
Expense ratio
SOXL 0.75%, better
UMDD 0.95%
Fund size
SOXL $19.9B
UMDD $28M
1Y total return
SOXL +55.9%, better
UMDD +36.6%
Yield (12M)
SOXL 0.14%
UMDD 0.58%, better
Holdings
SOXL 44
UMDD 401
Avg volume (30D)
SOXL 72.8M sh, better
UMDD 5.94K sh
NAV per share
SOXL $77.06
UMDD $32.62
52W range

ETF.net Grade

SOXL: Cost 100, Risk 32, Mission not scored, Tradability 80, Holdings not scored, Durability 69. UMDD: Cost 62, Risk 67, Mission not scored, Tradability 39, Holdings not scored, Durability 49.
Pillar letters and Scores for SOXL, UMDD, with each pillar’s weight
PillarSOXLUMDD
Cost30% weightA100HigherB62
Mission25% weightNot scoredNot scored
Risk15% weightD32B67Higher
Tradability15% weightA80HigherD39
Holdings10% weightNot scoredNot scored
Durability5% weightB69HigherC49

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 UMDD 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 UMDD 10th 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 9BURTYProShares UltraPro Russell2000Score 63
  7. Rank 10BUMDDProShares UltraPro MidCap 400Score 56
  8. Rank 11CLABUDirexion Daily S&P Biotech Bull 3X SharesScore 54

Our read on each fund

ETF.net Research

SOXLADirexion Daily Semiconductor Bull 3X ETF

UMDDBProShares UltraPro MidCap 400

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.

UMDD The 3x shelf crowds into big tech and chips. UMDD points at the middle of the market: three times the daily move of the S&P MidCap 400, for 0.95% net of a waiver through September 30, 2027.

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.

UMDD The fund seeks daily investment results, before fees and expenses, corresponding to three times the daily performance of the S&P MidCap 400 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.
  • UMDD A single ticker for 3x daily mid-cap exposure, a corner of the 3x shelf dominated by the Nasdaq-100, the Dow and sector bets.proshares.com
  • The leverage is packaged inside the fund, so you get magnified exposure to about 400 mid-sized US companies without running your own margin account.proshares.com
  • Trading since 2010, which is long tenure for a daily-reset product, and it still rates in the upper half of its 3x peer group.
  • 0.95% net of a waiver through September 30, 2027 sits near the 3x category norm; stablemate TQQQ is cheaper at 0.78%, net of a waiver through the same date.

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
  • UMDD The 3x target resets daily. Hold longer and compounding takes over, so results over weeks or months can diverge widely from 3x the index move, especially in choppy tape.proshares.com
  • Thinly traded next to the headline 3x funds, so spreads and limit orders matter more here than on TQQQ or SOXL.
  • The 0.95% rate is contractual, not permanent: gross expenses are 1.39%, with the waiver running to September 30, 2027.

Full SOXL profile⁠

Full UMDD profile⁠

SOXL vs UMDD 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 UMDD Cost

Overpaying UMDD vs SOXL

$3,387

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

  • SOXL 0.75%

    $14,482

  • UMDD 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SOXL 0.75%
  • UMDD 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UMDD $17,869SOXL $14,482

Year by year

YearSOXLUMDDOverpaying
10$1,336$1,678$342
20$5,078$6,322$1,244
30$14,482$17,869$3,387

Expense ratio

  • 0.75%SOXL, cheaper
  • 0.95%UMDD
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

UMDD 9th cheapest of 30 funds

SOXL vs UMDD Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
SOXL 0.14%
UMDD 0.58%, better
Payout (12M)
SOXL $0.09
UMDD $0.19
Last payment
SOXL $0.09
UMDD $0.03
Ex-dividend
SOXL Sep 22, 2026
UMDD Sep 23, 2026
Paid on
SOXL Sep 29, 2026
UMDD Sep 29, 2026
Frequency
SOXL Annual
UMDD 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$0.102017202020232026YTD
UMDDQuarterly · 26 paymentsAll UMDD payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.0057; Dec 26, 2018 $0.04; Mar 20, 2019 $0.02; Jun 25, 2019 $0.04; Sep 25, 2019 $0.06; Dec 24, 2019 $0.04; Mar 25, 2020 $0.01; Dec 23, 2020 $0.0046; Dec 23, 2021 $0.02; Mar 23, 2022 $0.01; Jun 22, 2022 $0.01; Sep 21, 2022 $0.03; Dec 22, 2022 $0.03; Mar 22, 2023 $0.005; Dec 20, 2023 $0.04; Mar 20, 2024 $0.0099; Jun 26, 2024 $0.04; Sep 25, 2024 $0.05; Dec 23, 2024 $0.11; Mar 26, 2025 $0.03; Jun 25, 2025 $0.07; Sep 24, 2025 $0.08; Dec 24, 2025 $0.08; Mar 25, 2026 $0.04; Jun 24, 2026 $0.04; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.102017202020232026YTD

SOXL vs UMDD Risk

Fall from peak · 5 years

  • SOXL
  • UMDD
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
SOXL 137.2%UMDD 46.7%, better
Return per unit of riskSharpe ratio, 3 years
SOXL 0.90, betterUMDD 0.71
Worst fallMax drawdown, 5 years
SOXL −90.5%UMDD −64.6%, better
Market sensitivityBeta, 5 years
SOXL 7.64UMDD 3.07

SOXL and UMDD in the news

All news⁠

Popular comparisons

  • SOXLAvsTQQQA

    Direxion Daily Semiconductor Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    0.75% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UMDDBvsTQQQA

    ProShares UltraPro MidCap 400 · ProShares UltraPro QQQ

    Expense ratio
    0.95% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOXLAvsTECLA

    Direxion Daily Semiconductor Bull 3X ETF · Direxion Daily Technology Bull 3X ETF

    Expense ratio
    0.75% · 0.87%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UMDDBvsFASA

    ProShares UltraPro MidCap 400 · Direxion Daily Financial Bull 3X ETF

    Expense ratio
    0.95% · 0.88%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SOXLAvsKORUD

    Direxion Daily Semiconductor Bull 3X ETF · Direxion Daily MSCI South Korea Bull 3X ETF

    Expense ratio
    0.75% · 1.32%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UMDDBvsUDOWA

    ProShares UltraPro MidCap 400 · ProShares UltraPro Dow30

    Expense ratio
    0.95% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.