# SOXS (Direxion Daily Semiconductor Bear 3X ETF)

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

Three months to Sep 11, 2026: SOXS returned −5.6% where its own daily promise gave −9.4%, 3.8 points over.

## Key facts

- SOXS, what SOXX did: −11.6%, as of Sep 11, 2026.
- SOXS, what −3 times a day gives: −9.4%, as of Sep 11, 2026.
- SOXS, what the fund returned: −5.6%, as of Sep 11, 2026.
- SOXS, the fund itself added: +3.8 pts, as of Sep 11, 2026.
- SOXS, net assets: $1.9bn (source, as filed for Apr 30, 2026).
- SOXS, expense ratio: 1.00% (485BPOS XBRL, Feb 26, 2026).

## SOXS over each window to Sep 11, 2026

| Window | Fund | SOXX | -3x the move | Difference | SOXX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +7.7% | −3.6% | +10.7% | −3.0 pts | 32% |
| 3 months | −5.6% | −11.6% | +34.7% | −40.3 pts | 56% |
| 6 months | −89.1% | +59.3% | −177.8% | +88.6 pts | 54% |
| 1 year | −96.4% | +107.5% | not meaningful over this window | not meaningful over this window | 46% |
| 3 years | −99.8% | +229.6% | not meaningful over this window | not meaningful over this window | 40% |
| Since launch | −100.0% | +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 | +0.49 times, against -3 stated | ETFIQ |
| Underlying | SOXX | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $1.9bn | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.00% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 11, 2010 | ETFIQ |
| Underlying volatility over the window | 56% annualized | ETFIQ |

## Questions

### Did SOXS return -3 times SOXX?

Over the window to Sep 11, 2026, SOXX moved −11.6% and SOXS returned −5.6%. 3 times that move is +34.7%, so the fund came out 40.3 points short of it.

### Why does SOXS not return -3 times over a year?

Because it resets daily. SOXS 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, SOXS, data as of Sep 11, 2026. https://etfiq.com/funds/SOXS
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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