SOXL’s worst drop since 2010 was 90%
Direxion Daily Semiconductor Bull 3X (SOXL) fell 90% from Dec 2021 to Oct 2022. It took 4.1 years from that peak to close at a new high, in Feb 2026. Over the same years the S&P 500 fell as much as 34%.
That drop ranks 4th deepest among the 12 leveraged ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2010 to now
How SOXL held up in each crash
| Crash | Years | SOXL | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −80.4% | −33.7% |
| 2022 rate shock | 2022 | −90.3% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how SOXL behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
Open SOXL in PortfolioAutopsyCheck my whole portfolioQuestions
What was SOXL’s maximum drawdown?
SOXL’s deepest fall since 2010 was 90.5%, from its high on December 27, 2021 to its low on October 14, 2022. The figure uses daily prices with dividends reinvested.
How long did SOXL take to recover?
4.1 years. SOXL first closed above its Dec 2021 high again on February 25, 2026.
Was SOXL riskier than the S&P 500?
Over the same years, SOXL’s worst drop was 90.5% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −87.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, March 12, 2010 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.