{
 "ticker": "SOXL",
 "name": "Direxion Daily Semiconductor Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/soxl",
 "html": "https://etfiq.com/funds/soxl",
 "markdown": "https://etfiq.com/funds/soxl.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: SOXL returned \u221232.0% where its own daily promise gave \u221227.9%, 4.0 points short.",
 "key_facts": [
  {
   "key": "what_soxx_did",
   "label": "What SOXX did",
   "value": "\u22125.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SOXL, what SOXX did: \u22125.1%, as of Sep 30, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What 3 times a day gives",
   "value": "\u221227.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SOXL, what 3 times a day gives: \u221227.9%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221232.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SOXL, what the fund returned: \u221232.0%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22124.0 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SOXL, the fund itself cost: \u22124.0 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$23.9bn",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "SOXL, net assets: $23.9bn (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "SOXL, expense ratio: 0.75% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of SOXX, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+6.25 times, against +3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SOXX",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$23.9bn",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 11, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "47% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+31.2%",
   "SOXX": "+11.3%",
   "+3x the move": "+34.0%",
   "Difference": "\u22122.9 pts",
   "SOXX moved about": "37%"
  },
  {
   "window": "3 months",
   "Fund": "\u221232.0%",
   "SOXX": "\u22125.1%",
   "+3x the move": "\u221215.4%",
   "Difference": "\u221216.6 pts",
   "SOXX moved about": "47%"
  },
  {
   "window": "6 months",
   "Fund": "+183.1%",
   "SOXX": "+68.2%",
   "+3x the move": "+204.4%",
   "Difference": "\u221221.4 pts",
   "SOXX moved about": "54%"
  },
  {
   "window": "1 year",
   "Fund": "+324.7%",
   "SOXX": "+110.4%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SOXX moved about": "46%"
  },
  {
   "window": "3 years",
   "Fund": "+696.9%",
   "SOXX": "+266.3%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SOXX moved about": "40%"
  },
  {
   "window": "Since launch",
   "Fund": "+24480.8%",
   "SOXX": "+4123.2%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SOXX moved about": "31%"
  }
 ],
 "questions": [
  {
   "q": "Did SOXL return +3 times SOXX?",
   "a": "Over the window to Sep 30, 2026, SOXX moved \u22125.1% and SOXL returned \u221232.0%. 3 times that move is \u221215.4%, so the fund came out 16.6 points short of it."
  },
  {
   "q": "Why does SOXL not return +3 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}