SOXS · Direxion Daily Semiconductor Bear 3X Shares
Issuer: Direxion
A US-listed inverse leveraged ETF seeking -300% of the DAILY performance of the NYSE Semiconductor Index before fees and expenses. Daily resets and compounding mean that multi-day results can differ materially from three times the inverse of the index’s cumulative return, creating substantial risk of long-term capital erosion.
ETF · US ETF average
Long-term returns ☆☆☆☆☆☆☆☆☆☆ Five-year cumulative total return near -99.95%.
Stability ☆☆☆☆☆☆☆☆☆☆ Five-year max drawdown near 99.98%.
Costs ★☆☆☆☆☆☆☆☆☆ Expense ratio of 1.00% is relatively high.
Upside potential ★★★☆☆☆☆☆☆☆ Best annual total return: about 15.8% in 2022.
Liquidity ★★★★★★★★★☆ Recent daily dollar turnover in the billions.
Performance
1-month total return: 32%
1-year total return: -93%
5-year total return: -100%
Stability
1-month MDD: -44%
1-year MDD: -97%
5-year MDD: -100%