The swing taxWhat does the daily reset cost?

A flat index year costs SOXL about 49%

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What the daily reset costsA flat index year costs SOXL about 49%% lost in a flat yearAs of Nov 4, 2026MultipleHow much the index swings in a yearFunds sit at their index's swings over the past year15%S&P 50025%Nasdaq-10040%Semiconductors60%Single stocks80%2×Double2.2%6.1%15%30%2× single-stock funds47%3×Triple6.5%SPXL17%TQQQ38%SOXL66%85%−2×Double, against6.5%17%38%66%85%−3×Triple, against13%SPXS31%SQQQ62%SOXS88%98%ETFETF Tracker@TheETFTracker · theetftracker.comLoss ≈ 1 − exp(−(multiple² − multiple) ÷ 2 × swings²)

Loss ≈ 1 − exp(−(multiple² − multiple) ÷ 2 × swings²)

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What the daily reset costsA flat index year costs SOXL about 49%% lost in a flat yearAs of Nov 4, 2026MultipleHow much the index swings in a year15%S&P 50025%Nasdaq-10040%Semiconductors60%Single stocks80%2×Double2.2%6.1%15%30%2× single-stockfunds47%3×Triple6.5%SPXL17%TQQQ38%SOXL66%85%−2×Double, against6.5%17%38%66%85%−3×Triple, against13%SPXS31%SQQQ62%SOXS88%98%How to read: SOXL is 3× an index that swung 48% over the past year, so in a year that index endsflat it would give up about 49%. It sits in the nearest column, 40%.ETFETF Tracker@TheETFTracker · theetftracker.comLoss ≈ 1 − exp(−(multiple² − multiple) ÷ 2 × swings²)Square720 × 720What the daily reset costsA flat index year costs SOXL about 49%% lost in a flat yearAs of Nov 4, 2026MultipleHow much the index swings in a year15%S&P 50025%Nasdaq-10040%Semiconductors60%Single stocks80%2×Double2.2%6.1%15%30%2× single-stockfunds47%3×Triple6.5%SPXL17%TQQQ38%SOXL66%85%−2×Double, against6.5%17%38%66%85%−3×Triple, against13%SPXS31%SQQQ62%SOXS88%98%How to read: SOXL is 3× an index that swung 48% over the past year, so in a year that index endsflat it would give up about 49%. It sits in the nearest column, 40%.ETFETF Tracker@TheETFTracker · theetftracker.comLoss ≈ 1 − exp(−(multiple² − multiple) ÷ 2 × swings²)Tall720 × 900What the daily reset costsA flat index year costs SOXL about 49%% lost in a flat yearAs of Nov 4, 2026MultipleHow much the index swings in a yearFunds sit at their index's swings over the past year15%S&P 50025%Nasdaq-10040%Semiconductors60%Single stocks80%2×Double2.2%6.1%15%30%2× single-stock funds47%3×Triple6.5%SPXL17%TQQQ38%SOXL66%85%−2×Double, against6.5%17%38%66%85%−3×Triple, against13%SPXS31%SQQQ62%SOXS88%98%ETFETF Tracker@TheETFTracker · theetftracker.comLoss ≈ 1 − exp(−(multiple² − multiple) ÷ 2 × swings²)WideSelected960 × 540

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