CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Ryan Brothwell, Financial Journalist. Data refreshed daily. Not financial advice.
Direxion Daily Semiconductor Bull 3X Shares (SOXL) is a leveraged ETF seeking to deliver three times the daily performance of the NYSE Semiconductor Index. The fund is heavily concentrated in the technology sector, specifically semiconductors, which has experienced significant volatility. Despite a strong year-to-date return of 251.70%, its recent performance shows a sharp decline, with a 3-month return of -44.75%. This leveraged structure amplifies both gains and losses, making it a high-risk instrument primarily for short-term tactical position rather than long-term investment.
SOXL at a glance
Direxion Daily Semiconductor Bull 3X Shares (SOXL): Sell, 25/100 on CleaRank's AI score.
TrendDown: the price is below both its 50- and 200-day moving averages ($130.65 and $121.54).
FundExpense ratio 0.75%, $24.0B in net assets, +323.2% total return over 1 year.
As of October 15, 2026, Direxion Daily Semiconductor Bull 3X Shares (SOXL) trades at $110.54. The 14-day RSI (daily closes) is 36, showing bearish momentum without being oversold, and the price is below its 50-day simple moving average of $130.65.
Figures as of October 15, 2026.
Only on CleaRank
Figures we compute ourselves from SOXL's own price history. Tap one to see it in context.
Direxion Daily Semiconductor Bull 3X Shares is a leveraged exchange-traded fund designed to provide daily exposure to the semiconductor industry. It seeks to deliver three times the daily performance of the NYSE Semiconductor Index, using financial instruments such as swap agreements and index-linked securities to replicate its objective.
Issuer
Direxion Funds
Category
Trading--Leveraged Equity
Inception
Mar 11, 2010
Expense ratio
0.75%
Net assets
$23.97B
Distribution yield
0.06%
YTD return
251.70%
Turnover
250.00%
Sector weights
Technology100.0%
Trailing total returns
Period
SOXL
YTD
251.70%
1 month
30.85%
3 months
-44.75%
1 year
323.23%
3 years
99.57%
5 years
30.66%
10 years
47.34%
As of Oct 15, 2026, SOXL has an expense ratio of 0.75%, $23.97B in net assets and a distribution yield of 0.06%.
Fund reference data as of Oct 15, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
SOXL Analysis
AI Analyst Consensus ScoreSell
SOXL is currently trading below its key moving averages: the 20-day EMA at $138.00, the 50-day SMA at $130.65, and the 200-day SMA at $121.54. The price is also below the 50-day SMA, which is acting as resistance. The 14-day RSI is at 35.71, indicating bearish momentum. The Stochastic Oscillator is at 2.53, suggesting oversold conditions within the current bearish trend. The Commodity Channel Index (CCI) is at -190.31, further confirming bearish sentiment.
ProTips
Be aware of the high expense ratio (0.75%) and its impact on returns over time, especially for longer holding periods.
Market Outlook
The outlook for SOXL remains bearish in the short to medium term, given its current technical indicators and the inherent risks of leveraged ETFs. The price is trading below critical moving averages, and the RSI suggests further downside potential. While the semiconductor sector has shown strong growth historically, any cyclical downturn or increased regulatory scrutiny could be significantly amplified by SOXL's 3x leverage. Investors should anticipate continued high volatility, making it suitable only for experienced traders with a high risk tolerance and a clear short-term strategy.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.76
Strong correlation
Nasdaq 100 (QQQ)+0.87
Strong correlation
Bitcoin (BTC)+0.31
Weak correlation
Gold (XAU)+0.20
Weak correlation
As of October 15, 2026, SOXL's 1-year correlation of daily returns is +0.76 with S&P 500 (SPY), +0.87 with Nasdaq 100 (QQQ), +0.31 with Bitcoin (BTC) and +0.20 with gold (XAU).
Check Custom Correlation
How does any other asset move with SOXL? One year of daily closes, Pearson correlation.
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Key Statistics
Net Assets
23.97B
Expense Ratio
0.7500%
Yield
0.06%
Day High
$120.90
Day Low
$109.00
52 Week High
302.00
52 Week Low
28.12
As a leveraged ETF focused on the semiconductor industry, SOXL's fundamental health is tied to the performance of its underlying index and its constituents. The fund's expense ratio is 0.75%, costing $75.00 per $10,000 invested. With net assets of $23.97 billion, it is a substantial fund. The sector allocation is 100.00% to Technology, with stocks comprising 22.36% of its asset allocation and cash at 3.78%. This high concentration in a single, volatile sector amplifies risk.
Fund Performance Analysis
Its performance is directly linked to the earnings trends of the semiconductor companies it tracks. The semiconductor sector has seen substantial growth, reflected in SOXL's high YTD return. However, the leveraged nature of SOXL means that any downturn in the semiconductor industry or its key players will be amplified, potentially leading to significant losses. The fund's 3-month return of -44.75% highlights this sensitivity to sector-specific headwinds.
Key Risks
The primary risk for SOXL is its leveraged structure, which amplifies volatility and magnifies losses during sector downturns. Its 100% concentration in the technology sector, specifically semiconductors, exposes it to significant sector-specific risks, including supply chain disruptions, cyclical demand, and intense competition. The fund's recent sharp decline (-44.75% in 3 months) confirms the inherent risks associated with leveraged, sector-specific ETFs.
Technical Indicators i
RSI (14-day)
35.71
MACD (12, 26)
0.299
SMA (50-day)
130.65
SMA (200-day)
121.54
Technical RatingNeutral
RSI
Bearish
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bullish
Golden Cross in effect with the 50-day SMA ($130.65) above the 200-day SMA ($121.54), price is trading below the 50-day SMA.
As of October 15, 2026, with SOXL at $110.54, its 14-day RSI is 35.7 (showing bearish momentum without being oversold), its 50-day simple moving average is $130.65 and its 200-day is $121.54.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
SOXL Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Short entry pick an entry style
Conservative
$112.75
2% above current price
Lower risk, wait for rally
Aggressive
$110.54
Short at current price
Higher risk, chasing the move
Risk Management
STOP LOSS
$131.22
MAX LOSS
-16.4%
Volatility-Adjusted Stop Loss
Calculated based on RSI (35.7) and current market volatility
These levels come from SOXL's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in SOXL in October 2016 would be worth about $386,594 today, compared with about $36,237 for the same investment in the S&P 500 benchmark. This is price change only; dividends paid along the way would add to it.
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SOXL Drawdowns & Recovery
Worst fall, last 10 years
-89.6%
December 2021 to October 2022
Recovery
42 months
back at the old peak by April 2026
From the 10-year high
-63.2%
highest close, June 2026
1-year holds that gained
68%
of every 1-year window
As of October 15, 2026, SOXL's worst peak-to-trough fall over the last 10 years was -89.6% (December 2021 to October 2022); it regained that peak by April 2026, 42 months after the low, and 68% of 1-year holding periods ended with a gain.
From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in SOXL today could grow to about $30,599 by 2036 in the base case, with a 90th-percentile outcome near $232,144 and a 10th-percentile outcome around $4,033. The simulation models price only; at today's 0.06% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
SOXL 2030 Scenarios (Monte Carlo)
CleaRank's simulation projects a price near $173 for SOXL by 2030 in the base case, from $111 today (1.6x over 4 years). The 10th-percentile path ends near $48.00. These are outcomes of a Monte Carlo simulation run on SOXL's historical return distribution, not price targets, and they assume no dividends are reinvested.
SOXL simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$65.13
$124
$235
2028
$55.86
$138
$342
2029
$50.96
$155
$469
2030
$48.00
$173
$623
2031
$46.14
$193
$810
Method: a lognormal simulation of SOXL's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. SOXL is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation.
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Frequently Asked Questions
What is the expense ratio for the Direxion Daily Semiconductor Bull 3X Shares (SOXL)?
The expense ratio for SOXL is 0.75%, which translates to a cost of $75.00 per $10,000 invested over a year. This fee covers the management and operational costs of the fund.
What sectors does SOXL concentrate its holdings in?
SOXL is highly concentrated in the Technology sector, with 100.00% of its assets allocated to this industry. This focus is on semiconductor companies, including chipmakers and equipment suppliers.
What is the distribution yield for SOXL?
SOXL has a dividend yield of 0.06%, indicating a very low distribution rate relative to its price. The fund's primary objective is capital appreciation through leveraged exposure to the semiconductor sector.
What are the key risks associated with investing in SOXL?
The main risks include the amplified volatility due to its 3x leverage, the high concentration in the semiconductor sector, and the potential for significant losses if the sector experiences a downturn. Its short-term trading objective also makes it unsuitable for long-term investors.
What is the current technical momentum for SOXL?
SOXL exhibits bearish momentum, with its 14-day RSI at 35.7 and trading below its key moving averages (20-day EMA, 50-day SMA, 200-day SMA). The Stochastic Oscillator and CCI also indicate a negative trend.
What is SOXL's biggest drop in the last 10 years?
Direxion Daily Semiconductor Bull 3X Shares (SOXL)'s worst peak-to-trough fall over the last 10 years was -89.6%, from December 2021 to October 2022. It regained that peak by April 2026, 42 months after the low. Over the same period, 68% of 1-year holding periods ended with a gain.
What are SOXL's best and worst months?
Over the last 10 years, May has been SOXL's strongest month on average (+23.48%, rising in 7 of 10 years) and March its weakest (-7.34%, rising in 5 of 10 years). Seasonal averages describe the past and do not predict a given year.
How closely does SOXL move with the stock market?
Over the past year SOXL's daily returns were strongly correlated with the S&P 500 (SPY) (+0.76). Nasdaq 100 (QQQ): +0.87; Bitcoin (BTC): +0.31; Gold (XAU): +0.20. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in SOXL be worth today?
$10,000 put into SOXL in October 2016 would be worth about $386,594 today, against about $36,237 for the same amount in the S&P 500. That is price change only; distributions would add to it.
What does CleaRank's simulation show for SOXL in 2030?
CleaRank's Monte Carlo simulation, built from SOXL's own historical volatility, puts the 2030 base case near $172.90, with 10th and 90th percentile outcomes of $48.00 and $622.87. The upper figure is a statistical tail of a very volatile asset, not an expectation. It is a range of simulated outcomes, not a price target.
