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ETFs

Direxion Daily Semiconductor Bear 3X Shares

SOXS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 11 2010
Expense Ratio
0.89%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$646,650,232
AUM
$1,100,126,314
Associated Index
ICE Semiconductor Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-3.32%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
-5.04%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-10.50%
n/a
DREYFUS GOVT CASH MAN INS
-21.11%
Invest with SOXS

What is SOXS?

The Direxion Daily Semiconductor Bear 3x ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the ICE Semiconductor Index. There is no guarantee the fund will meet its stated investment objective.

ETFs related toSOXS

ETFs correlated to SOXS include TECS, BERZ, HIBS

SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
NVDS
Investment Managers Series Trust II - AXS 1.25X NVDA Bear Daily ETF
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSOXS

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SOXS using Composer

FAQ

SOXS is a US Equities ETF. The Direxion Daily Semiconductor Bear 3x ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the ICE Semiconductor Index. There is no guarantee the fund will meet its stated investment objective.

SOXS tracks the ICE Semiconductor Index.

No, SOXS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SOXS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SOXS is 0.2199%. This is the percent change in the value of SOXS over the most recent 1-month period. The 3-month return on SOXS is 0.0603%. This is the percent change in the value of SOXS over the most recent 3-month period.

The standard deviation of SOXS for the past year is 1.0258%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SOXS include TZA, SPXL, and TNA.

ETFs correlated to SOXS include TECS, BERZ, and HIBS.

ETFs that are inversely correlated to SOXS include SOXX, SOXL, and SOXQ.

Yes, SOXS is a Inverse (-3x) ETF: This means that SOXS will try to match the performance of ICE Semiconductor Index, but with 3x the returns.

Yes, SOXS is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of ICE Semiconductor Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.