Adding to the case for SOXL is that the ETF has not been displaying a trait that often afflicts other leveraged ETFs, that being a wide gap in returns relative to its underlying index. SOXL’s 30-day variance to triple the returns of the PHLX Semiconductor Sector Index is just 0.08%, according to Direxion data. That is one of the best marks among Direxion’s leveraged bullish ETFs.
Over the past 30 days, SOXL has closed higher nearly two-thirds of the time with an average return of 2.5% on those up days.
Direxion Daily Semiconductors Bull 3x Shares
Charts Courtesy: Direxion