Overview

This report examines the Direxion Daily Semiconductor Bull 3X ETF (SOXL) and the Direxion Daily Silver Bull 2X ETF (USLV), two leveraged exchange-traded funds designed to amplify the daily performance of their respective underlying exposures. SOXL targets 300% of the daily performance of the NYSE Semiconductor Index, providing leveraged bullish exposure to the semiconductor industry, while USLV targets 200% of daily silver price performance through silver-related exchange-traded products. Both funds use financial instruments, including derivatives, to achieve their daily investment objectives. Due to daily leverage and compounding effects, they are primarily designed for short-term tactical trading and require active monitoring rather than a conventional long-term buy-and-hold approach.

Section 1: Direxion Daily Semiconductor Bull 3X ETF (SOXL)

The Direxion Daily Semiconductor Bull 3X ETF (SOXL) seeks daily investment results, before fees and expenses, equal to 300% of the daily performance of the NYSE Semiconductor Index. The index tracks major U.S.-listed semiconductor companies, exposing the fund to developments in chip manufacturing, artificial intelligence infrastructure, data centres, and broader technology spending. As of October 26, 2026, SOXL reported a net asset value (NAV) of USD 90.74, representing a daily increase of USD 7.16, or 8.57%. Its daily target is +300%, with a gross expense ratio of 0.91% and a net expense ratio of 0.75%. The fund trades on NYSE Arca and was launched on March 11, 2010.

Past performance is not a reliable indicator of future performance.