# SOXL (Direxion Daily Semiconductor Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: SOXL returned −48.1% where its own daily promise gave −45.6%, 2.5 points short.

## Key facts

- SOXL, what SOXX did: −11.6%, as of Sep 11, 2026.
- SOXL, what +3 times a day gives: −45.6%, as of Sep 11, 2026.
- SOXL, what the fund returned: −48.1%, as of Sep 11, 2026.
- SOXL, the fund itself cost: −2.5 pts, as of Sep 11, 2026.
- SOXL, net assets: $16.9bn (source, as filed for Apr 30, 2026).
- SOXL, expense ratio: 0.75% (485BPOS XBRL, Feb 26, 2026).

## SOXL over each window to Sep 11, 2026

| Window | Fund | SOXX | +3x the move | Difference | SOXX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −14.3% | −3.6% | −10.7% | −3.6 pts | 32% |
| 3 months | −48.1% | −11.6% | −34.7% | −13.4 pts | 56% |
| 6 months | +140.2% | +59.3% | +177.8% | −37.6 pts | 54% |
| 1 year | +317.7% | +107.5% | not meaningful over this window | not meaningful over this window | 46% |
| 3 years | +492.3% | +229.6% | not meaningful over this window | not meaningful over this window | 40% |
| Since launch | +20139.4% | +3811.9% | not meaningful over this window | not meaningful over this window | 31% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of SOXX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +4.16 times, against +3 stated | ETFIQ |
| Underlying | SOXX | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $16.9bn | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 11, 2010 | ETFIQ |
| Underlying volatility over the window | 56% annualized | ETFIQ |

## Questions

### Did SOXL return +3 times SOXX?

Over the window to Sep 11, 2026, SOXX moved −11.6% and SOXL returned −48.1%. 3 times that move is −34.7%, so the fund came out 13.4 points short of it.

### Why does SOXL not return +3 times over a year?

Because it resets daily. SOXL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, SOXL, data as of Sep 11, 2026. https://etfiq.com/funds/SOXL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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