ProShares Ultra QQQ (QLD) delivers 2x daily exposure to the Nasdaq-100 Index, while Direxion Daily Technology Bull 3X Shares (TECL) provides 3x daily exposure to the narrower Technology Select Sector Index. Both ETFs employ daily-reset leveraged strategies using swaps and derivatives, making them suitable primarily for short-term trading rather than long-term holding due to compounding effects.
Both ETFs provide leveraged daily exposure to the semiconductor sector but differ in leverage multiples, with SOXL targeting 3x and USD targeting 2x the daily performance of their respective indexes. SOXL tracks the NYSE Semiconductor Index (ICE Semiconductor Index), a rules-based index of the 30 largest U.S.-listed semiconductor companies, while USD tracks the Dow Jones U.S. Semiconductors Index.
ROM seeks 2x daily returns of the S&P Technology Select Sector Index while TECL targets 3x daily returns of the same benchmark, creating distinct leverage profiles and volatility exposures. Both ETFs employ derivatives such as swaps for leveraged exposure rather than holding physical shares directly, with daily resets that can lead to compounding effects over longer periods.
BULZ and TECL both seek 3x daily leveraged exposure to technology-related benchmarks but differ in index composition and structure. BULZ is an exchange-traded note (ETN) tracking a concentrated 15-stock Solactive FANG & Innovation Index with eight fixed core holdings, while TECL is an exchange-traded fund (ETF) providing 3x exposure to the broader Technology Select Sector Index.
BULZ delivers 3x daily exposure to a concentrated 15-stock FANG & Innovation Index, while QLD provides 2x daily exposure to the broader 100-stock Nasdaq-100 Index. BULZ is structured as an exchange-traded note (ETN) issued by Bank of Montreal, introducing issuer credit risk absent in the ETF structure of QLD .
SOXL gained roughly 30% over the trailing month, rebounding from a sharp mid-summer drawdown in semiconductor equities. The fund seeks 300% of the daily return of the ICE Semiconductor Index, meaning a 3x leveraged ETF (exchange-traded fund) that amplifies both gains and losses.
TECL gained approximately 13.6% over the last 30 days, rising from about $200.82 to $228.22 as of the most recent completed session. The fund is a 3x daily leveraged ETF that seeks 300% of the daily return of the Technology Select Sector Index, amplifying both gains and losses.
BULZ advanced roughly 13% over the trailing 30 days, ending the period near $42.24 per share. The trailing quarter delivered a similar net gain, but the path was highly volatile, including a steep drawdown in July followed by a sharp recovery.
The Direxion Daily MU Bull 2X ETF (MUU) rose roughly 11% over the trailing 30 days, tracking a rebound in underlying Micron Technology shares. Over the trailing three-month period, the fund was down about 26%, underscoring the extreme volatility of leveraged single-stock exposure.
UVXY rose +3.44% during Monday's regular session, advancing from a $16.85 prior close to roughly $17.43 as volatility repriced higher. The move tracks a sharp VIX jump of about +8%, from last week's 14.87 to near 16, reversing a one-year-low equity-volatility regime.
SOXS is up +9.59% to $35.54 during regular trading hours, versus its prior close of $32.43. The gain reflects its -3x daily inverse leverage to semiconductor equities, which fell broadly today.
QCMU provides 2x daily leveraged exposure to a single stock, QUALCOMM Incorporated ( QCOM ), while SOXL delivers 3x daily leveraged exposure to a broad index of approximately 30 U.S. semiconductor companies. Both ETFs are non-diversified, leveraged products from Direxion that seek amplified daily results before fees and expenses, making them suitable primarily for short-term tactical use rather than long-term buy-and-hold strategies.
QCML, a 2x leveraged single-stock ETF tracking Qualcomm (QCOM), rose +11.31% to $22.83 during regular trading on Sept. 25, up from a prior close of $20.51. The move mirrors a roughly +5.86% gain in underlying QCOM shares, amplified by the fund's daily 2x leverage.
AXTX is a 2x leveraged ETF tracking AXT Inc. (AXTI), and it rose +10.22% during the regular session, to $37.00 from a prior close of $33.57. The move tracks its underlying: AXTI climbed +5.43% today to $80.02, with leverage roughly doubling the gain.
DLLL is up +12.84% during regular market hours, trading near $36.65 versus a $32.48 prior close. The leveraged ETF (2x daily Dell Technologies) is amplifying a rally in its underlying DELL stock.
CRDU rallied +15.55% to $10.70 during the regular session, up from a $9.26 prior close. The move reflects its 2x daily leverage to Credo Technology (CRDO), which advanced roughly +7% to +8% intraday.
SUIL surged +19.56% to $12.90 from a prior close of $10.79, with the move occurring during regular market hours. SUIL is a leveraged ETF that seeks 2x the daily return of the Sui (SUI) token, amplifying the token's rally.
SUIL surged +19.56% to $12.90 from a prior close of $10.79, with the move occurring during regular market hours. SUIL is a leveraged ETF that seeks 2x the daily return of the Sui (SUI) token, amplifying the token's rally.
BEX is trading up +18.84% intraday during regular hours, rising from a $34.60 prior close to roughly $41.12. The jump tracks its 2x daily leveraged exposure to Bloom Energy (BE), which rallied about +9.5% to near $291.95.
BEG, a 2x leveraged daily ETF on Bloom Energy (BE), is up +18.76% intraday to ~$57.10, versus its prior close of $48.08, during regular market hours. The move tracks a sharp rebound in underlying BE, which rallied roughly +7% after sliding about -6% on Thursday.