Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL) has outperformed the market over the past 5 years by 8.3% on an annualized basis producing an average annual return of 19.61%. Currently, Direxion Daily Semiconductor Bull 3X ETF has a market capitalization of $13.37 billion.
Buying $1000 In SOXL: If an investor had bought $1000 of SOXL stock 5 years ago, it would be worth $2,420.82 today based on a price of $114.19 for SOXL at the time of writing.
Direxion Daily Semiconductor Bull 3X ETF’s Performance Over Last 5 Years
Finally -- what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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