Direxion Daily Semi Bear 3X ETF

Betting against chip stocks is what SOXS is for. Direxion designed it to deliver negative three times the daily return of the ICE Semiconductor Index, so when semiconductor shares fall the fund rises three-fold, and when they climb it drops just as fast. The inverse leverage is rebuilt every day through swaps, which means the -300 percent target applies to a single session and compounding sends longer holds away from that figure, usually to the fund's detriment in a rising market. Traders use it to hedge a semiconductor or tech position or to press a short-term bearish view without shorting stocks directly. Given the long-run upward drift of chip equities and the daily reset, it is strictly a tactical instrument that tends to lose money if left alone. Its fee sits well above that of a plain index fund.

On MyRWA, SOXS trades tokenized across 16 on-chain venues - see the listings below.