SOXL ETF Explained: How 3x Leveraged Semiconductor Investing Works

Delve into the Direxion Daily Semiconductor Bull 3X Shares (SOXL) and how it works. SOXL aims for 3x the daily performance of the NYSE Semiconductor Index.
We'll break down SOXL's strategy, including its use of swap agreements and other financial instruments to achieve leveraged exposure.
Learn about the importance of daily rebalancing and how compounding can significantly affect returns, especially in volatile markets.