Direxion Daily Semiconductor Bear 3X Shares vs S&P500 ETF — how do they compare? Direxion Daily Semiconductor Bear 3X Shares trades at $44.9, while S&P500 ETF trades at $747.83. Which is the better fit depends on your goals.
| SOXS | SPY | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $1.61K | $759.55 |
52-Week Low | $32.50 | $621.75 |
Trailing returns across standard periods
Latest headlines on both assets
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 →The ETF is designed to track the performance of the securities and the stocks in the S&P 500 Index. To maintain the composition and weightings, the advisor adjusts the ETF from time to time to conform to periodic changes in the index target.
Read more on SPY →