Between the close on August 19 and the close on October 14, 2026, the iShares Semiconductor ETF (SOXX) went from $519.67 to $519.42. Thirty-nine trading sessions, a climb to $589 in early October and a slide back, and the chip index ended where it started. Over the same stretch the Direxion Daily Semiconductor Bull 3X (SOXL) lost about 8.4% and its mirror image, the Direxion … [Read more...] about Leveraged Semiconductor ETFs Lose Money in Sideways Markets, Here Is the Math