SOXSDirexion Daily Semiconductor Bear 3X Shares
SOXS Fund Description
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.
SOXS Factset Analytics Insight
SOXS makes big, bearish bets against the highly concentrated semiconductor sector. The fund provides -3x exposure to the PHLX Semiconductor Sector Index—a market-cap-weighted index of companies engaged in everything from the design to the sale of semiconductors. Like the market itself, SOXS' index is dominated by its top ten names, making the fund an explicit bet against a relative handful of companies. The fund rebalances its exposure on a daily basis, making long-term returns difficult to predict due to the effects of path dependency and compounding. In short, treat SOXS as a short-term trading vehicle, an approach further recommended by the fund's high fee. The fund enjoys massive daily volume, but spreads can be wide at times.
SOXS MSCI ESG Analytics Insight
Direxion Daily Semiconductor Bear 3X Shares has an MSCI ESG Fund Rating of A based on a score of 6.31 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Semiconductor Bear 3X Shares ranks in the 63th percentile within its peer group and in the 39th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SOXS Charts And Performance
SOXS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SOXS. SOXS is rated a N/A out of 5.