Direxion Daily Semiconductor Bull 3X Shares (SOXL)

leveraged semiconductors 3x-daily high-risk

Semiconductor stocks on steroids, this leveraged fund delivers triple the daily performance of the semiconductor industry, magnifying both gains and losses with mathematical precision. The fund uses derivatives to achieve 300% exposure to chipmakers, transforming a 2% sector gain into a 6% fund gain—and vice versa for losses. This powerful tool suits only the most risk-tolerant traders seeking short-term tactical positions, as the daily rebalancing creates path dependency that can erode returns over longer holding periods even when the underlying index rises.