Direxion Daily Semiconductor Bull 3X Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$42.84
- Net Assets:$0 Million
- NAV:$48.38
- Premium-11.45%
- Peer Rank:295 of 397
- Investment Rating:C
- Performance:A+
- RiskD
We rate Direxion Daily Semiconductor Bull3X at C. Positive factors that influence this rating include a well above average total return, low expense structure and long term portfolio management tenure. The fund invests approximately 40% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The Direxion Daily Semiconductor Bull3X has returned an annual rate of 35.72% since inception. More recently, the fund has generated a total return of 44.55% in the last five years, 14.52% in the last three years, and 210.43% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 99% of them. It has also outpaced 94% of its competitors on a three year basis and 99% of them over the last year for the period ending 2/29/2024. On a year to date basis, SOXL has returned 53.92%.
Downside risk has been above average. SOXL has a draw down risk of -86.97%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 113.6%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As SOXL is an exchange traded fund, it has no front end or back end load.
The Direxion Daily Semiconductor Bull3X is managed by Paul Brigandi at Rafferty Asset Management LLC. This fund is one of 64 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.