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• Leverage: SOXL is a leveraged ETF, providing 3x the daily performance of the ICE Semiconductor Index, making it highly volatile and suitable for short-term trading. SMH is not leveraged and is designed for long-term investors1.
• Top Holdings: SOXL’s top holdings include financial instruments that provide leveraged exposure to semiconductor companies, while SMH’s top holdings are actual semiconductor companies like NVIDIA and TSMC1.
• Expense Ratio: SOXL has a higher expense ratio due to its leveraged nature, while SMH has a lower expense ratio1.
SOXL vs. SOXX (iShares Semiconductor ETF)
• Leverage: SOXX is a non-leveraged ETF, tracking the performance of the ICE Semiconductor Index without leverage, making it less volatile compared to SOXL2.
• Top Holdings: Both ETFs have similar top holdings, including Broadcom, NVIDIA, and AMD, but SOXL amplifies the daily performance by 3×2.
• Performance: SOXL can offer higher returns in a bullish market due to its leverage, but it also carries higher risk. SOXX provides more stable returns suitable for long-term investors2.
SOXL vs. SOXQ (Invesco PHLX Semiconductor ETF)
• Leverage: SOXQ is another non-leveraged ETF, focusing on the PHLX Semiconductor Sector Index, offering diversified exposure without the amplified risk of leverage3.
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