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SOXL vs WEBL

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBLCNYSE Arca

Overlap

Expense ratio

SOXL −0.21pt a year

SOXL0.75%WEBL0.96%

Avg volume · 30D

SOXL 364.4×the volume

SOXL70.7MWEBL194K

5Y return · a year

SOXL +34.3pt

SOXL+10.8%WEBL−23.5%

SOXL vs WEBL Performance

Oct 29, 2021 – Oct 30, 2026

+66.7%SOXL−73.8%WEBL

Oct 29, 2021 to Oct 30, 2026. SOXL +66.7%. WEBL −73.8%. Use the arrow keys to read each point.200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
SOXL 0.75%, better
WEBL 0.96%
Fund size
SOXL $24.3B
WEBL $74M
1Y total return
SOXL +61.4%, better
WEBL −34.2%
Yield (12M)
SOXL 0.12%
WEBL 0.21%, better
Holdings
SOXL 43
WEBL 47
Avg volume (30D)
SOXL 70.7M sh, better
WEBL 194K sh
NAV per share
SOXL $102.45
WEBL $24.21
52W range

ETF.net Grade

SOXL: Cost 100, Risk 32, Mission not scored, Tradability 79, Holdings not scored, Durability 69. WEBL: Cost 62, Risk 31, Mission not scored, Tradability 41, Holdings not scored, Durability 32.
Pillar letters and Scores for SOXL, WEBL, with each pillar’s weight
PillarSOXLWEBL
Cost30% weightA100HigherB62
Mission25% weightNot scoredNot scored
Risk15% weightD32HigherD31
Tradability15% weightA79HigherC41
Holdings10% weightNot scoredNot scored
Durability5% weightB69HigherD32

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 WEBL 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 WEBL 14th 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 12CRETLDirexion Daily Retail Bull 3X SharesScore 51
  7. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 47
  8. Rank 15CUTSLDirexion Daily Utilities Bull 3X ETFScore 46

Our read on each fund

ETF.net Research

SOXLADirexion Daily Semiconductor Bull 3X ETF

WEBLCDirexion Daily Dow Jones Internet Bull 3X Shares

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.

WEBL Most 3x funds crank up the Dow or the Nasdaq. WEBL aims at a narrower target: 300% of the daily move of the Dow Jones Internet Composite, a basket of US internet names. Direxion has run it since 2019.

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.

WEBL The fund seeks daily investment results equal to 300% of the performance of the Dow Jones Internet Composite Index, before fees and expenses.

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.
  • WEBL Charges 0.96%, under the 1.04% median for leveraged bull funds, and stands in the upper tier of that roughly 100-fund crowd.
  • The mandate is mechanical: 300% of the Dow Jones Internet Composite Index's daily performance, before fees and expenses. No stock picking, no manager discretion.direxion.com
  • Internet-specific at 3x, roughly 50 stocks, rather than a Nasdaq-100 or broad-index wrapper like most of its leveraged peers. Trading since 2019.

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
  • WEBL Leverage resets every day. Hold longer and each day compounds on the last, so a multi-day result can land well away from 3x the index's move over that stretch.direxion.com
  • A narrow internet basket magnified threefold moves hard in both directions, and with roughly 50 names, single-company news carries real weight.
  • Smaller asset base and only moderate trading next to the biggest 3x funds, so spreads and order sizing matter. Distributions land annually or semiannually.

Full SOXL profile⁠

Full WEBL profile⁠

SOXL vs WEBL 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 WEBL Cost

Overpaying WEBL vs SOXL

$3,552

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

  • SOXL 0.75%

    $14,482

  • WEBL 0.96%

    $18,034

$10,000
30 years

Cost over time

  • SOXL 0.75%
  • WEBL 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WEBL $18,034SOXL $14,482

Year by year

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

Expense ratio

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

SOXL cheapest of 30 funds

WEBL 11th cheapest of 30 funds

SOXL vs WEBL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SOXL 0.12%
WEBL 0.21%, better
Payout (12M)
SOXL $0.09
WEBL $0.05
Last payment
SOXL $0.09
WEBL $0.0041
Ex-dividend
SOXL Sep 22, 2026
WEBL Sep 22, 2026
Paid on
SOXL Sep 29, 2026
WEBL Sep 29, 2026
Frequency
SOXL Annual
WEBL 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$2.502017202020232026YTD
WEBLQuarterly · 8 paymentsAll WEBL payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 23, 2019 $0.02; Dec 9, 2021 $3.05; Jun 21, 2023 $0.00011; Mar 25, 2025 $0.02; Jun 24, 2025 $0.04; Mar 24, 2026 $0.0082; Jun 23, 2026 $0.03; Sep 22, 2026 $0.0041. Use the arrow keys to read each point.$0$2.502017202020232026YTD

SOXL vs WEBL Risk

Fall from peak · 5 years

  • SOXL
  • WEBL
Oct 29, 2021 to Oct 30, 2026. Worst fall: WEBL −94.2% · Dec 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%WEBL 62.2%, better
Return per unit of riskSharpe ratio, 3 years
SOXL 0.90, betterWEBL 0.73
Worst fallMax drawdown, 5 years
SOXL −90.5%, betterWEBL −94.2%
Market sensitivityBeta, 5 years
SOXL 7.64WEBL 4.11

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