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SOXL vs WANT

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Direxion Daily Consumer Discretionary Bull 3X ETF

WANTDNYSE Arca

Overlap

Expense ratio

SOXL −0.25pt a year

SOXL0.75%WANT1.00%

Avg volume · 30D

SOXL 3363.5×the volume

SOXL83.3MWANT24.8K

5Y return · a year

SOXL +12.4pt

SOXL−1.8%WANT−14.2%

SOXL vs WANT Performance

Nov 9, 2021 – Nov 9, 2026

−8.6%SOXL−53.5%WANT

Nov 9, 2021 to Nov 9, 2026. SOXL −8.6%. WANT −53.5%. Use the arrow keys to read each point.100%200%300%400%Nov 2021May 2024Nov 2026
Expense ratio
SOXL 0.75%, better
WANT 1.00%
Fund size
SOXL $15.2B
WANT $20M
1Y total return
SOXL +34.7%, better
WANT −11.3%
Yield (12M)
SOXL 0.17%
WANT 0.82%, better
Holdings
SOXL 44
WANT 54
Avg volume (30D)
SOXL 83.3M sh, better
WANT 24.8K sh
NAV per share
SOXL $45.99
WANT $39.98
52W range

ETF.net Grade

SOXL: Cost 100, Risk 28, Mission not scored, Tradability 63, Holdings not scored, Durability 69. WANT: Cost 25, Risk 33, Mission not scored, Tradability 35, Holdings not scored, Durability 24.
Pillar letters and Scores for SOXL, WANT, with each pillar’s weight
PillarSOXLWANT
Cost30% weightA100HigherD25
Mission25% weightNot scoredNot scored
Risk15% weightD28D33Higher
Tradability15% weightB63HigherD35
Holdings10% weightNot scoredNot scored
Durability5% weightB69HigherF24

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 WANT 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 5th and WANT 26th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 4ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 75
  2. Rank 5ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 72
  3. Rank 6ACUREDirexion Daily Healthcare Bull 3X ETFScore 71
  4. Rank 25DTPORDirexion Daily Transportation Bull 3X ETFScore 31
  5. Rank 26DWANTDirexion Daily Consumer Discretionary Bull 3X ETFScore 29
  6. Rank 27DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesScore 28

Our read on each fund

ETF.net Research

SOXLADirexion Daily Semiconductor Bull 3X ETF

WANTDDirexion Daily Consumer Discretionary Bull 3X ETF

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.

WANT Direxion's 3x bet on the American shopper. WANT aims for 300% of the daily move in the Consumer Discretionary Select Sector Index, about 60 consumer-facing stocks. A day-trader's tool by design.

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.

WANT The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Consumer Discretionary Select Sector 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.
  • WANT Single-sector leverage, undiluted: it aims for 300% of the Consumer Discretionary Select Sector Index's daily move, with no stock picking and no options overlay.
  • Leverage inside an ETF wrapper, so no margin account and no borrowing on your end; the exposure arrives as one ticker you can buy and sell all day.
  • Live since 2018, so its daily-reset behavior shows up in actual market history, not just in a prospectus risk section.

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
  • WANT The reset is daily. Hold longer and returns compound off each close, so multi-day results can diverge from 3x the index move, most of all in choppy markets.
  • One of the smaller, thinner-traded names on the 3x shelf, so spreads and order size matter more here than with the category's giants.
  • Costs 1.00% net of a waiver through September 1, 2027 (1.03% gross), near the category median but above stablemate SOXL at 0.75% net of a waiver through September 1, 2027.

Full SOXL profile⁠

Full WANT profile⁠

SOXL vs WANT 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 WANT Cost

Overpaying WANT vs SOXL

$4,206

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

  • SOXL 0.75%

    $14,482

  • WANT 1.00%

    $18,688

$10,000
30 years

Cost over time

  • SOXL 0.75%
  • WANT 1.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WANT $18,688SOXL $14,482

Year by year

YearSOXLWANTOverpaying
10$1,336$1,763$427
20$5,078$6,625$1,547
30$14,482$18,688$4,206

Expense ratio

  • 0.75%SOXL, cheaper
  • 1.00%WANT
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

WANT 23rd cheapest of 30 funds

SOXL vs WANT Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
SOXL 0.17%
WANT 0.82%, better
Payout (12M)
SOXL $0.09
WANT $0.36
Last payment
SOXL $0.09
WANT $0.15
Ex-dividend
SOXL Sep 22, 2026
WANT Sep 22, 2026
Paid on
SOXL Sep 29, 2026
WANT Sep 29, 2026
Frequency
SOXL Annual
WANT 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
WANTQuarterly · 20 paymentsAll WANT payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Mar 19, 2019 $0.09; Jun 25, 2019 $0.05; Sep 24, 2019 $0.05; Dec 23, 2019 $0.03; Mar 24, 2020 $0.04; Mar 21, 2023 $0.04; Jun 21, 2023 $0.04; Sep 19, 2023 $0.009; Dec 21, 2023 $0.06; Mar 19, 2024 $0.10; Jun 25, 2024 $0.08; Sep 24, 2024 $0.09; Dec 23, 2024 $0.07; Mar 25, 2025 $0.15; Jun 24, 2025 $0.14; Sep 23, 2025 $0.02; Dec 23, 2025 $0.02; Mar 24, 2026 $0.09; Jun 23, 2026 $0.10; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$0.102017202020232026YTD

SOXL vs WANT Risk

Fall from peak · 5 years

  • SOXL
  • WANT
Nov 9, 2021 to Nov 9, 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%WANT 54.8%, better
Return per unit of riskSharpe ratio, 3 years
SOXL 0.90, betterWANT 0.54
Worst fallMax drawdown, 5 years
SOXL −90.5%WANT −85.9%, better
Market sensitivityBeta, 5 years
SOXL 7.64WANT 3.65

SOXL and WANT in the news

All news⁠

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