SOXS
Direxion Daily Semiconductor Bear 3x Shares
SOXS provides daily 3x leveraged inverse exposure to a modified market-cap-weighted index of companies primarily involved in the design, distribution, manufacture and sale of semiconductors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.4 B
ASSETS UNDER MGMT
102 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 11, 2010 |
| Assets (mns) | $1,418 |
| Expense ratio | 102 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 08/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -68.2% | -67.6% | -72.2% | -75.4% | -72.0% | -73.1% | -- | -66.9% |
| Dividend Yield | 0.3% | 1.0% | 1.1% | 0.9% | 0.6% | 3.6% | -- | 13.4% |
| Total Returns | -68.0% | -66.6% | -71.0% | -74.6% | -71.4% | -69.4% | -- | -53.5% | Ann. Volatility | 128.6% | 119.0% | 108.2% | 106.9% | 106.5% | 95.0% | -- | 76.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -10.00 | 10% |
| MSCI EAFE | -8.03 | 5% |
| MSCI Emg Mkts | -3.41 | 1% |
Liquidity Measures
| Avg. volume (000) | 142,699 |
| ADV traded (mns) | $865 |
| Turnover | 63.8% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| Recent close | $6.06 |
| 30d moving avg. | $7.07 |
| Annualized volatility | 610.3% |
| Relative strength (RSI) | 36 |
| Short interest | 10.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SOXS (102 bp) Percentile rank | 96 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SOXS | 102.0 | 10.1 | 112.1 |
| Peer Avg. | 48.9 | 19.6 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .