SOXSDirexion Daily Semiconductor Bear 3x Shares
SOXS Fund Description
The Direxion Daily Semiconductor Bear ETF 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 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 5 out of 5.