SOXL
SOXL is the Direxion Daily Semiconductor Bull 3X Shares ETF. It seeks to provide 3x the daily performance of the PHLX Semiconductor Sector Index, offering leveraged exposure to the semiconductor sector.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 23, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-23.43%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-46.59%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
69.42%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
149.77%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.75
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
3.77
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Explore Insights NowFrequently Asked Questions
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SOXL is managed by Direxion. The fund uses leverage to amplify the daily returns of the PHLX Semiconductor Sector Index. It employs financial instruments such as futures contracts, swaps, and options to achieve this leverage.
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Similar leveraged ETFs include: SMH (VanEck Vectors Semiconductor ETF): Provides exposure to the semiconductor sector without leverage. SOXS (Direxion Daily Semiconductor Bear 3X Shares): Provides -3x the daily performance of the PHLX Semiconductor Sector Index. TQQQ (ProShares UltraPro QQQ): Provides 3x the daily performance of the NASDAQ-100 Index.
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SOXL has an expense ratio of approximately 0.95%. This covers the costs associated with managing the fund, including the expenses related to leverage and trading.
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SOXL typically distributes dividends on a quarterly basis. These dividends are derived from income earned by the underlying securities in the fund.
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SOXL aims to deliver 3x the daily performance of the PHLX Semiconductor Sector Index. It’s important to note that due to its daily rebalancing, long-term performance may differ significantly from 3x the index’s cumulative return.
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The liquidity of SOXL is indicated by its average trading volume and bid-ask spread. High trading volumes generally suggest better liquidity and lower trading costs.
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Risks include the potential for amplified losses due to its leveraged nature, high volatility, and the possibility of tracking error. SOXL is suitable for short-term trading rather than long-term investing due to the effects of compounding and daily rebalancing.
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SOXL rebalances its portfolio daily to maintain its leverage ratio of 3x relative to the PHLX Semiconductor Sector Index. This daily rebalancing can lead to tracking error over longer periods.
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Yes, SOXL can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged nature, it is generally more suited for short-term trading rather than long-term retirement investing.
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SOXL can be purchased through brokerage accounts, similar to other ETFs. It is listed on major stock exchanges under the ticker symbol "SOXL" and can be traded during regular market hours.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
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