Direxion Daily Semiconductor Bear 3X Shares (SOXS) Performance
SOXS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −91.4% since Dec 31, 2025
- 1 year
- −93.0% total return
- 5 years
- −78.2% a year
- 10 years
- −62.7% a year
- Since first price
- −44.7% a year since 2010
SOXS trailing returns vs SPY, QQQ, AGG
| Period | SOXS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +55.9% | +55.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +16.5% | +15.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −65.8% | −66.6% | +7.8% | +8.4% | −1.5% |
| YTD | −91.4% | −91.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −93.0% | −93.3% | +14.4% | +15.9% | −1.1% |
| 3 years | −99.8%−86.7%/yr | −99.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −99.95%−78.2%/yr | −99.96% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −99.99%−62.7%/yr | −100.00% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.99%−48.2%/yr | −100.00% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 11, 2010 | −99.99%−44.7%/yr | −100.00% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SOXS vs SPY
From Mar 11, 2010: SOXS grew to $1, SPY to $88,424.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SOXS returns by calendar year
1 of 15 full years positive. Best 2022 (+15.8%), worst 2025 (−85.5%). 2026 is year to date.
SOXS annual returns table
| Year | SOXS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −91.4% | −94.4% | +12.3% | +15.1% | −1.0% |
| 2025 | −85.5% | −93.9% | +17.7% | +20.8% | +7.2% |
| 2024 | −60.0% | −74.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −84.6% | −85.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +15.8% | −62.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −80.9% | −82.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −69.2% | −69.5% | +18.3% | +48.6% | +7.5% |
| 2019 | 0.0% | 0.0% | +31.2% | +39.0% | +8.5% |
| 2018 | 0.0% | 0.0% | −4.6% | −0.1% | +0.1% |
| 2017 | 0.0% | 0.0% | +21.7% | +32.7% | +3.6% |
| 2016 | 0.0% | 0.0% | +12.0% | +7.1% | +2.4% |
| 2015 | 0.0% | 0.0% | +1.2% | +9.4% | +0.5% |
| 2014 | 0.0% | 0.0% | +13.5% | +19.2% | +6.0% |
| 2013 | 0.0% | 0.0% | +32.3% | +36.6% | −2.0% |
| 2012 | 0.0% | 0.0% | +16.0% | +18.1% | +3.8% |
| 2011 | 0.0% | 0.0% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SOXS largest drawdowns
Now 99.99% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 24, 2020 | −100.00% | Oct 5, 2026 | not yet | 6.2 years | 6.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SOXS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | −88.2% | −80.6% | −64.4% | −46.5% |
| Volatility (annualized) | 89.3% | 99.3% | 73.2% | 57.7% |
| Sharpe ratio | -1.73 | -1.06 | -0.97 | -0.75 |
| Sortino ratio | -1.77 | -1.27 | -1.15 | -0.89 |
| Best month | +67.5% | +67.5% | +67.5% | +67.5% |
| Worst month | −66.6% | −66.6% | −66.6% | −66.6% |
| Best 12 months | −5.7% | +15.8% | +15.8% | +15.8% |
| Worst 12 months | −97.9% | −97.9% | −97.9% | −97.9% |
| Positive months | 28% | 32% | 17% | 10% |
| Beta vs S&P 500 | -4.43 | -4.66 | -2.71 | — |
| Correlation with S&P 500 | -0.62 | -0.74 | -0.57 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SOXS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 188 | −97.9% | 0.0% | +15.8% | 1% |
| 3-year (a year) | 164 | −88.2% | 0.0% | 0.0% | 0% |
| 5-year (a year) | 140 | −80.8% | −22.2% | 0.0% | 0% |
| 10-year (a year) | 80 | −64.5% | −32.2% | 0.0% | 0% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
SOXS performance overview
Direxion Daily Semiconductor Bear 3X Shares (SOXS) returned −93.0% over the past year and −62.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −44.7% a year, turning $10,000 into about $1. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −100.00%, from Jul 24, 2020 to Oct 5, 2026; the fund has not yet regained that high. SOXS finished 1 of its 15 full calendar years with a gain; the best year was 2022 (+15.8%) and the worst 2025 (−85.5%). Volatility has been 57.7% a year.
Related: SOXS chart, SOXS dividends. See the SOXS overview for the latest quote and fund facts.
SOXS performance FAQ
What is the SOXS return over the past year?
SOXS returned −93.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 93.3%.
What is the average annual return of SOXS?
SOXS has returned −78.2% a year over 5 years, −62.7% a year over 10 years, −44.7% a year since March 11, 2010 (total return, distributions reinvested).
How much would $10,000 invested in SOXS be worth?
$10,000 invested in SOXS at its first recorded close on March 11, 2010 would be worth about $1 on October 23, 2026 with distributions reinvested.
What was the worst year for SOXS?
The worst calendar year was 2025, with a total return of −85.5%. The best was 2022 at +15.8%.
What is the biggest drawdown of SOXS?
The largest peak-to-trough decline was −100.00% between July 24, 2020 and October 5, 2026. It has not yet recovered to that high; it is 99.99% below its peak.
How volatile is SOXS?
Over the past 3 years SOXS had an annualized volatility of 89.3% and a Sharpe ratio of -1.73 (excess return over 1–3 month T-bills per unit of risk).