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SOXS vs SRTY

Direxion Daily Semiconductor Bear 3X ETF

SOXSBNYSE Arca

ProShares UltraPro Short Russell2000

SRTYANYSE Arca

Overlap

Expense ratio

SRTY −0.05pt a year

SOXS1.00%SRTY0.95%

Avg volume · 30D

SOXS 41.5×the volume

SOXS66.5MSRTY1.6M

10Y return · a year

SRTY +34.6pt

SOXS−77.4%SRTY−42.8%

SOXS vs SRTY Performance

Oct 29, 2021 – Oct 30, 2026

−99.9%SOXS−82.0%SRTY

Oct 29, 2021 to Oct 30, 2026. SOXS −99.9%. SRTY −82.0%. Use the arrow keys to read each point.−50%0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
SOXS 1.00%
SRTY 0.95%, better
Fund size
SOXS $3.97B
SRTY $68M
1Y total return
SOXS −91.8%
SRTY −37.4%, better
Yield (12M)
SOXS 22.76%, better
SRTY 5.87%
Holdings
SOXS 8
SRTY 5
Avg volume (30D)
SOXS 66.5M sh, better
SRTY 1.6M sh
NAV per share
SOXS $41.70
SRTY $26.34
52W range

ETF.net Grade

SOXS: Cost 64, Risk 7, Mission not scored, Tradability 81, Holdings not scored, Durability 66. SRTY: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56.
Pillar letters and Scores for SOXS, SRTY, with each pillar’s weight
PillarSOXSSRTY
Cost30% weightB64A84Higher
Mission25% weightNot scoredA83
Risk15% weightF7C53Higher
Tradability15% weightA81HigherA70
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherB56

Rank among 3x Leveraged Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SOXS and SRTY are both graded against the same 14 3x Leveraged Inverse funds, so their Grades compare head to head.

3x Leveraged Inverse⁠

Category · 14 funds
See all 14 ›

SRTY ranks 3rd and SOXS 5th of 14 funds in the 3x Leveraged Inverse Category.

  1. Rank 1ASQQQProShares UltraPro Short QQQScore 83
  2. Rank 2ASDOWProShares UltraPro Short Dow30Score 78
  3. Rank 3ASRTYProShares UltraPro Short Russell2000Score 71
  4. Rank 4BTZADirexion Daily Small Cap Bear 3X ETFScore 61
  5. Rank 5BSOXSDirexion Daily Semiconductor Bear 3X ETFScore 55
  6. Rank 6CFAZDirexion Daily Financial Bear 3x ETFScore 53

Our read on each fund

ETF.net Research

SOXSBDirexion Daily Semiconductor Bear 3X ETF

SRTYAProShares UltraPro Short Russell2000

In short

SOXS The bear half of Direxion's semiconductor pair. SOXS aims for 300% of the inverse of the NYSE Semiconductor Index for one trading day, then resets. A short-term instrument for doubting chips.

SRTY A one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

Stated mandate

SOXS The fund seeks daily investment results, before fees and expenses, equal to 300% of the inverse of the NYSE Semiconductor Index's performance.

SRTY SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

Why people hold it

  • SOXS Charges 1.00% a year, below the typical fee among leveraged and inverse funds. Cheap is relative here, but it is the cheaper side of a pricey neighborhood.
  • One of the most heavily traded inverse funds around, so bearish chip exposure comes without a margin account or borrowing shares.
  • Running since 2010, through multiple boom-and-bust chip cycles. Among the longest-tenured -3x sector bear funds on the tape.
  • Stands in the upper half of its leveraged and inverse peer group on cost and tradability.
  • SRTY 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.

Worth knowing

  • SOXS The -3x objective is a daily one. Leverage resets each session, so results over a week or a month can diverge sharply from three times the index move, especially in choppy tape.
  • Triple leverage on semiconductors, a sector that swings hard on its own. This is one of the most volatile risk profiles in the ETF wrapper.
  • A 1.00% expense ratio is many times what a plain index fund charges, and distributions come quarterly rather than monthly.
  • SRTY Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com

Full SOXS profile⁠

Full SRTY profile⁠

SOXS vs SRTY 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.

SOXS vs SRTY Cost

Overpaying SOXS vs SRTY

$819

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

  • SOXS 1.00%

    $18,688

  • SRTY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SOXS 1.00%
  • SRTY 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$20K051015202530SOXS $18,688SRTY $17,869

Year by year

YearSOXSSRTYOverpaying
10$1,763$1,678$85
20$6,625$6,322$303
30$18,688$17,869$819

Expense ratio

  • 1.00%SOXS
  • 0.95%SRTY, cheaper
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SRTY 2nd cheapest of 14 funds

SOXS 6th cheapest of 14 funds

SOXS vs SRTY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SOXS 22.76%, better
SRTY 5.87%
Payout (12M)
SOXS $11.85
SRTY $1.55
Last payment
SOXS $0.44
SRTY $0.27
Ex-dividend
SOXS Sep 22, 2026
SRTY Sep 23, 2026
Paid on
SOXS Sep 29, 2026
SRTY Sep 29, 2026
Frequency
SOXS Quarterly
SRTY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SOXSQuarterly · 24 paymentsAll SOXS payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Mar 20, 2018 $30,768.12; Jun 19, 2018 $18,744.07; Sep 25, 2018 $48,720.19; Dec 27, 2018 $141,216.56; Mar 19, 2019 $39,840.16; Sep 24, 2019 $61,245.84; Dec 23, 2019 $15,326.46; Mar 24, 2020 $12,830.44; Dec 20, 2022 $148.26; Mar 21, 2023 $375.84; Jun 21, 2023 $238.54; Sep 19, 2023 $318.98; Dec 21, 2023 $139.34; Mar 19, 2024 $82.66; Jun 25, 2024 $54.95; Sep 24, 2024 $46.86; Dec 23, 2024 $60.40; Mar 25, 2025 $36.92; Jun 24, 2025 $11.22; Sep 23, 2025 $11.26; Dec 23, 2025 $8.17; Mar 24, 2026 $2.87; Jun 23, 2026 $0.38; Sep 22, 2026 $0.44. Use the arrow keys to read each point.$0$100,0002017202020232026YTD
SRTYQuarterly · 10 paymentsAll SRTY payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$100,0002017202020232026YTD

SOXS vs SRTY Risk

Fall from peak · 5 years

  • SOXS
  • SRTY
Oct 29, 2021 to Oct 30, 2026. Worst fall: SOXS −100.0% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SOXS 96.2%SRTY 54.0%, better
Return per unit of riskSharpe ratio, 3 years
SOXS −1.48SRTY −1.04, better
Worst fallMax drawdown, 5 years
SOXS −100.0%SRTY −92.8%, better
Market sensitivityBeta, 5 years
SOXS −4.67SRTY −3.24

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