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Direxion Daily Semiconductor Bull 3X ETF (SOXL) Sharpe Ratio: 3.19

ETF · Currency in USD · Last updated Jul 28, 2026

The Direxion Daily Semiconductor Bull 3X ETF (SOXL) seeks daily investment results, before fees and expenses, equal to 3x the daily performance of the ICE Semiconductor Index, an index of the largest U.S.-listed semiconductor companies. The fund is designed for short-term tactical use to amplify exposure to the semiconductor sector and is not intended as a long-term holding due to daily reset and compounding effects.

SOXL's Sharpe Ratio of 3.19 indicates that for each unit of volatility, it generates 3.19 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 28, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SOXL Sharpe Ratio Rank

SOXL Sharpe Ratio Rank: 96.597
Exceptional

SOXL ranks above 96.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

SOXL Sharpe Ratio Market Positioning

The chart shows SOXL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.59 or lower
  • Yellow zone (middle 50%): 0.59 to 1.71
  • Green zone (top 25%): 1.71 or higher
  • Top 1%: 6.38+
  • Median: 1.21 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion Daily Semiconductor Bull 3X ETF's Sharpe Ratio with other ETFs in the Leveraged Equities, Semiconductors category across multiple time periods, showing how SOXL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 28, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares20.60
MULLGraniteShares 2x Long MU Daily ETF19.16
INTWGraniteShares 2x Long INTC Daily ETF5.82
DLLLGraniteShares 2x Long DELL Daily ETF4.14
XTAPInnovator U.S. Equity Accelerated Plus ETF3.57
LABUDirexion Daily S&P Biotech Bull 3x Shares3.53
PILLDirexion Daily Pharmaceutical & Medical Bull 3X Shares3.31
ASMGLeverage Shares 2X Long ASML Daily ETF3.29
SOXLDirexion Daily Semiconductor Bull 3X ETF3.19
CHPSXtrackers Semiconductor Select Equity ETF3.09

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SOXL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SOXL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SOXL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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