First Trust Cloud Computing ETF vs Direxion Daily Semiconductor Bear 3X Shares — how do they compare? First Trust Cloud Computing ETF trades at $135.77, while Direxion Daily Semiconductor Bear 3X Shares trades at $45.06. Which is the better fit depends on your goals.
| SKYY | SOXS | |
|---|---|---|
52-Week High | $155.17 | $1.61K |
52-Week Low | $104.16 | $32.50 |
Sector | — | Leveraged / Inverse |
Trailing returns across standard periods
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.
Read more on SKYY →SOXS is a leveraged ETF that seeks daily investment results corresponding to 300% of the inverse (opposite) of the daily performance of the ICE Semiconductor Index. It is designed as a tactical tool for experienced traders to take a bearish (short) position on the semiconductor sector. Due to the effects of compounding and leverage, SOXS is intended to be held for a single day and is not suitable for long-term investment.
Read more on SOXS →