SOXL

How is SOXL doing right now?

In plain terms: SOXL is 19.4% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

As of the latest market close, Direxion Daily Semiconductor Bull 3X Shares (SOXL) is trading in a moderate correction, 19.4% below its all-time high at $226.19. Corrections in this band are common during macro repricings (rate scares, sector rotations, earnings shocks). The question is whether the cause is durable or transient.

What history says at this drawdown

History at this drawdown level is well-populated for SOXL — 238 confirmed observations in the 20%-to-15% band. The Dipsern engine uses these to compute a rolling median rather than a mean, because medians are robust to the kind of fat tails you find in etfs return distributions. The win rate (% of episodes that closed positive after 90 days) is shown in the segments table below.

What this means for SOXL

ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. This is the band where most successful "buy the dip" strategies have historically operated. The median forward return here for SOXL is in the full app, alongside the segment-level win rate.