# SOXL (Direxion Daily Semiconductor Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: SOXL returned −32.0% where its own daily promise gave −27.9%, 4.0 points short.

## Key facts

- SOXL, what SOXX did: −5.1%, as of Sep 30, 2026.
- SOXL, what 3 times a day gives: −27.9%, as of Sep 30, 2026.
- SOXL, what the fund returned: −32.0%, as of Sep 30, 2026.
- SOXL, the fund itself cost: −4.0 pts, as of Sep 30, 2026.
- SOXL, net assets: $23.9bn (issuer page, as of Sep 30, 2026).
- SOXL, expense ratio: 0.75% (485BPOS XBRL, Feb 26, 2026).

## SOXL over each window to Sep 30, 2026

| Window | Fund | SOXX | +3x the move | Difference | SOXX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +31.2% | +11.3% | +34.0% | −2.9 pts | 37% |
| 3 months | −32.0% | −5.1% | −15.4% | −16.6 pts | 47% |
| 6 months | +183.1% | +68.2% | +204.4% | −21.4 pts | 54% |
| 1 year | +324.7% | +110.4% | not meaningful over this window | not meaningful over this window | 46% |
| 3 years | +696.9% | +266.3% | not meaningful over this window | not meaningful over this window | 40% |
| Since launch | +24480.8% | +4123.2% | 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 | +6.25 times, against +3 stated | ETFIQ |
| Underlying | SOXX | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $23.9bn | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 11, 2010 | ETFIQ |
| Underlying volatility over the window | 47% annualized | ETFIQ |

## Questions

### Did SOXL return +3 times SOXX?

Over the window to Sep 30, 2026, SOXX moved −5.1% and SOXL returned −32.0%. 3 times that move is −15.4%, so the fund came out 16.6 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 30, 2026. https://etfiq.com/funds/soxl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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