Direxion Daily Semiconductor Bear 3X Shares vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? Direxion Daily Semiconductor Bear 3X Shares trades at $45.13, while Direxion Daily S&P 500 Bull 3X Shares trades at $270.48. Which is the better fit depends on your goals.
| SOXS | SPXL | |
|---|---|---|
Sector | Leveraged / Inverse | Leveraged / Inverse |
52-Week High | $1.61K | $288.04 |
52-Week Low | $32.50 | $170.20 |
Trailing returns across standard periods
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 →SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →