{"url":"https://etfiq.com/compare/leverage/sofa-vs-sofx","section":"compare","title":"SOFA vs SOFX: which held to its multiple? | ETFIQ","description":"SOFA sets out to return +2 times SOFI each day and SOFX +2 times. Over the three months to Sep 30, 2026 they finished \u22124.6 pts and \u22126.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SOFA or SOFX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SOFA finished 4.6 points from what its multiple implies and SOFX finished 6.7 points from its own, so SOFA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SOFA and SOFX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SoFi Technologies, SOFA at +2 times and SOFX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SOFA or SOFX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SOFA\u2019s moved at 52% annualized and SOFX\u2019s at 52%, so SOFA has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SOFA or SOFX for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SOFA or SOFX?","acceptedAnswer":{"@type":"Answer","text":"SOFA charges 0.97% a year and SOFX charges 1.33%, so SOFA is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SOFA vs SOFX","item":"https://etfiq.com/compare/leverage/sofa-vs-sofx"}]},{"@type":"WebPage","name":"SOFA vs SOFX: which held to its multiple?","description":"SOFA sets out to return +2 times SOFI each day and SOFX +2 times. Over the three months to Sep 30, 2026 they finished \u22124.6 pts and \u22126.7 pts away.","url":"https://etfiq.com/compare/leverage/sofa-vs-sofx","dateModified":"2026-09-30","abstract":"Over the days both have traded, SOFA finished 0.0 points from its stated multiple and SOFX 1.4.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SOFA and SOFX","description":"SOFA sets out to return +2 times SOFI each day and SOFX +2 times. Over the three months to Sep 30, 2026 they finished \u22124.6 pts and \u22126.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/sofa-vs-sofx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6501,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SOFA vs SOFX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SOFA vs SOFX: which held to its multiple?\n\n Over the days both have traded, SOFA finished 0.0 points from its stated multiple and SOFX 1.4.\n Copy this for sharing \n \n Direxion Daily SOFI Bull 2X ETF and Defiance Daily Target 2X Long SOFI ETF.\n\n Download as PDF \n\n \u221234.1% SOFA returned, 3 months \n \u221236.2% SOFX returned, 3 months \n \u22124.6 pts SOFA from its stated multiple \n \u22126.7 pts SOFX from its stated multiple \n\n ETFIQ Decay Resistance Score: SOFA scores higher\n Did it keep ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/sofa-vs-sofx","a":{"ticker":"SOFA","name":"Direxion Daily SOFI Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SOFA returned \u221234.1% where its own daily promise gave \u221232.1%, 2.0 points short.","url":"https://etfiq.com/funds/sofa","key_facts":[{"label":"What SOFI did","value":"\u221214.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221232.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221234.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"SOFX","name":"Defiance Daily Target 2X Long SOFI ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SOFX returned \u221236.2% where its own daily promise gave \u221232.1%, 4.1 points short.","url":"https://etfiq.com/funds/sofx","key_facts":[{"label":"What SOFI did","value":"\u221214.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221232.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221236.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$55m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.33%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 28, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/sofa-vs-sofx"}