Direxion Daily Semiconductor Bear 3X Shares SOXS
About this Fund
The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
Investment Strategy & Highlights
- Theme: Tracks Inverse Semis (-3x).
- Category: Trading--Inverse Equity · managed by Direxion Funds.
- Diversification: 12 top holdings reported; the top 10 positions account for -90.5% of the portfolio.
- Largest position: DREYFUS GOVT CASH MAN INS (X9USDDGCM) at 71.74%.
- Geographic exposure: United States (-124.2%) .
- Cost: Expense ratio of 1.00% — high for this category.
- Income: Distributes a yield of approximately 25.18%.
- Track record: 3Y avg -85.66% · 5Y avg -78.74% per year.
- Trading: Listed on PCX, denominated in USD.
Curated from issuer disclosures, fund factsheets, and public market data. Figures are illustrative and not investment advice.
Key Facts
Performance Returns
Total price return over each window. 3Y/5Y use weekly close history; shorter windows use daily closes.
Risk & Volatility
Volatility = stdev of daily returns × √252. Sharpe-like = annualized mean / annualized vol (rf = 0%). Educational estimates from 1-year price history.
Technical Trend
Signal: Bearish (price < SMA50 < SMA200)
Computed from daily close history. SMA-50 above SMA-200 is the classic “golden cross” trend regime. RSI > 70 overbought · RSI < 30 oversold.
PROS
No notable strengths flagged.
CONS
- High expense ratio (1.00%) — fees erode long-term returns.
- High volatility (~101% annualized) — significant drawdown risk.
- Large 1-year drawdown (-97.5%).
- Daily-reset leveraged/inverse swap structure — unsuitable for multi-week holds due to compounding decay.
* The pros and cons are auto-generated from fund metrics.
Price Chart
Top Holdings (12)
What you're actually holding: Direxion daily-reset leveraged/inverse ETFs hold money-market cash collateral plus total-return swaps on the underlying index — they do NOT own the constituent stocks. The holdings below are the actual portfolio: cash funds (positive weights) plus index swaps whose negative notional delivers the inverse exposure. Because the swap notional is reset every day, compounding makes these unsuitable as multi-week hedges.
Cash collateral ≈ 175.8% of NAV · Short swap notional ≈ $5,473,715,772 · Issuer daily CSV
| # | Symbol / CUSIP | Name | Kind | Weight % |
|---|---|---|---|---|
| 1 | X9USDDGCM | DREYFUS GOVT CASH MAN INS | cash | +71.74% |
| 2 | ICESEMIML | ICE SEMICONDUCTOR INDEX SWAP | swap | -68.60% |
| 3 | X9USDGSFC | GOLDMAN FINL SQ TRSRY INST 506 | cash | +57.01% |
| 4 | ICESEMIGS | ICE SEMICONDUCTOR INDEX SWAP | swap | -50.76% |
| 5 | ICESEMIBP | ICE SEMICONDUCTOR INDEX SWAP | swap | -41.84% |
| 6 | ICESEMIBC | ICE SEMICONDUCTOR INDEX SWAP | swap | -40.14% |
| 7 | ICESEMIJP | ICE SEMICONDUCTOR INDEX SWAP | swap | -37.84% |
| 8 | ICESEMIU | ICE SEMICONDUCTOR INDEX SWAP | swap | -27.10% |
| 9 | X9USDGLDS | GOLDMAN SACHS FIN GOV 465 INSTITUT | cash | +24.10% |
| 10 | X9USDDTP3 | DREYFUS TRSRY SECURITIES CASH MGMT | cash | +22.96% |
| 11 | ICESEMICT | ICE SEMICONDUCTOR INDEX SWAP | swap | -17.77% |
| 12 | ICESEMISG | ICE SEMICONDUCTOR INDEX SWAP | swap | -15.95% |
Negative weights are short-notional index swaps that produce the inverse return; positive weights are cash/MMF collateral. Total can exceed 100% because of swap leverage.
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