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MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 14, 2026

MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF seeks to replicate three times the daily performance of the Solactive US Semiconductor 30 Capped Index before fees and expenses. The Canadian alternative ETF provides unhedged U.S. dollar semiconductor exposure and is designed for short-term, high-conviction leveraged equity views.

MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SOXU.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SOXU.TO

SOXU.TO charges 1.81% annually. There are 9 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.40%.

SymbolNameExpense RatioAUMInception
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...0.40%—Jan 2025SOXU.TO vs METE.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF0.49%—May 2024SOXU.TO vs QQQL.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF0.65%1.09BOct 2020SOXU.TO vs HCAL.TO
HPYE.TO
Harvest Premium Yield Enhanced ETF0.65%—Jan 2026SOXU.TO vs HPYE.TO
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF1.15%84.22MJan 2007SOXU.TO vs CNDU.TO

Best Risk-Adjusted Alternatives to SOXU.TO

SOXU.TO has a PortfoliosLab risk / return rank of 93. There are 2 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
98
1.09BOct 2020SOXU.TO vs HCAL.TO
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...
97
86.75MJun 2007SOXU.TO vs CFOU.TO
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF
91
84.22MJan 2007SOXU.TO vs CNDU.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF
90
11.27MMay 2024SOXU.TO vs USSL.TO
NRGU.TO
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF
79
37.21MJun 2007SOXU.TO vs NRGU.TO

Top Performing SOXU.TO Alternatives (YTD)

SOXU.TO is at 277.27% YTD. No ETFs in the Leveraged Equities category have higher YTD returns; the top-performing alternatives shown here go as high as 75.89%.

SymbolNameYTD ReturnAUMInception
NRGU.TO
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF
75.89%
37.21MJun 2007SOXU.TO vs NRGU.TO
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...
49.68%
86.75MJun 2007SOXU.TO vs CFOU.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
42.24%
1.09BOct 2020SOXU.TO vs HCAL.TO
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...
35.21%
—Jun 2025SOXU.TO vs TQQQ.TO
TCND.TO
BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...
33.15%
—Aug 2025SOXU.TO vs TCND.TO

Lowest Volatility Alternatives to SOXU.TO

SOXU.TO has 126.57% 1-year volatility. There are 15 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 12.21%.

SymbolNameVolatility 1YAUMInception
HPYE.TO
Harvest Premium Yield Enhanced ETF12.21%—Jan 2026SOXU.TO vs HPYE.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF16.69%1.09BOct 2020SOXU.TO vs HCAL.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF18.15%11.27MMay 2024SOXU.TO vs USSL.TO
HEQL.TO
Global X Enhanced All-Equity Asset Allocation ETF ...18.45%—Oct 2023SOXU.TO vs HEQL.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF22.06%—May 2024SOXU.TO vs QQQL.TO

Lowest Drawdown Alternatives to SOXU.TO

SOXU.TO has a 1-year max drawdown of -45.93%. There are 10 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -10.65%.

SymbolNameMax Drawdown 1YAUMInception
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
-10.65%
1.09BOct 2020SOXU.TO vs HCAL.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF
-10.79%
11.27MMay 2024SOXU.TO vs USSL.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF
-13.02%
—May 2024SOXU.TO vs QQQL.TO
CNDU.TO
BetaPro S&P/TSX 60 2x Daily Bull ETF
-15.26%
84.22MJan 2007SOXU.TO vs CNDU.TO
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...
-16.08%
86.75MJun 2007SOXU.TO vs CFOU.TO

Other ETFs from LongPoint

The 1 most viewed LongPoint ETFs shown here include OILU.TO and span 2 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
OILU.TO
SavvyLong Geared Crude Oil ETFOil & Gas, Leveraged Commodities
39
144.98%
—Nov 2024SOXU.TO vs OILU.TO

Often Compared With SOXU.TO

Investors most often compare SOXU.TO with QQU.TO, AMHE.TO, XCHP.TO. These 6 comparison targets span 4 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETFNasdaq-100, Leveraged Equities
46
26.36%
469.81MJun 2008SOXU.TO vs QQU.TO
AMHE.TO
Harvest Amazon Enhanced High Income Shares ETF - C...Leveraged Equities
19
9.58%
—Aug 2024SOXU.TO vs AMHE.TO
XCHP.TO
iShares Semiconductor Index ETFSemiconductors, Technology Equities
94
89.42%
—Sep 2023SOXU.TO vs XCHP.TO
SPXU.TO
BetaPro S&P 500 2x Daily Bull ETFLeveraged Equities
48
15.81%
185.40MJun 2008SOXU.TO vs SPXU.TO
GDXU.TO
BetaPro Canadian Gold Miners 2x Daily Bull ETFLeveraged Equities
32
-35.19%
184.87MJun 2007SOXU.TO vs GDXU.TO
SOXL
Direxion Daily Semiconductor Bull 3X ETFLeveraged Equities, Semiconductors
93
293.46%
25.32BMar 2010SOXU.TO vs SOXL

Compare SOXU.TO with Any Fund or Stock

Compare SOXU.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair SOXU.TO with funds that move differently

MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SOXU.TO.

Explore SOXU.TO Diversifiers