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SOXL tax-loss harvesting alternatives
Direxion Daily Semiconductor Bull 3X ETF (Direxion) tracks NYSE Semiconductor Index. If you hold SOXL at a loss, these ETFs track a different index, which generally makes them less likely to be considered “substantially identical” — while still moving closely with SOXL during the 31-day wait.
| Held fund | Index tracked | Issuer | Expense ratio | AUM | Holdings | Category |
|---|---|---|---|---|---|---|
| SOXL3x leveraged Direxion Daily Semiconductor Bull 3X ETF | NYSE Semiconductor Index | Direxion | 0.75% | $22.39B | 44 | Leveraged / inverse |
Sources: issuer fund page · public fund profile. Fund data as of 2026-10-16.
SOXL wash sale alternatives (different index)
| ETF | Index tracked | Issuer | Expense ratio | AUM | 1-yr correlation | Holdings overlap | Notes |
|---|---|---|---|---|---|---|---|
| USD2x leveraged ProShares Ultra Semiconductors | Dow Jones U.S. Semiconductors Index | ProShares | 0.94% | $2.81B | 0.920 | n/a | different indexdifferent leverage |
| ROM2x leveraged ProShares Ultra Technology | Technology Select Sector Index | ProShares | 0.93% | $1.39B | 0.904 | n/a | different indexdifferent leverage |
| TECL3x leveraged Direxion Daily Technology Bull 3X ETF | S&P Technology Select Sector | Direxion | 0.87% | $6.58B | 0.903 | n/a | different index |
| QLD2x leveraged ProShares Ultra QQQ | NASDAQ 100 Index | ProShares | 0.89% | $15.25B | 0.877 | n/a | different indexdifferent leverage |
| TQQQ3x leveraged ProShares UltraPro QQQ | NASDAQ 100 Index | ProShares | 0.78% | $38.96B | 0.876 | n/a | different index |
| SPXL3x leveraged Direxion Daily S&P 500 Bull 3X ETF | S&P 500 | Direxion | 0.84% | $7.34B | 0.728 | n/a | different indexloose match |
| UPRO3x leveraged ProShares UltraPro S&P500 | S&P 500 | ProShares | 0.88% | $5.70B | 0.727 | n/a | different indexloose match |
| SSO2x leveraged ProShares Ultra S&P 500 | S&P 500 | ProShares | 0.84% | $9.20B | 0.726 | n/a | different indexloose matchdifferent leverage |
Sorted by 1-year correlation of daily total returns with SOXL (through 2026-10-16). Holdings overlap = sum of the smaller weight of each common stock, from issuer holdings files; “n/a” where the issuer does not offer a free download or for bond/international/commodity funds. Hover a value for its as-of dates.
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Unleveraged funds on the same index
These track NYSE Semiconductor Index without leverage. Not suggested as swaps: a fund on the same index with different leverage is a gray area that some practitioners treat as potentially substantially identical.
| ETF | Index tracked | Issuer | Expense ratio | AUM | 1-yr correlation | Holdings overlap | Notes |
|---|---|---|---|---|---|---|---|
| SOXX iShares Semiconductor ETF | NYSE Semiconductor Index | BlackRock | 0.33% | $44.66B | 0.999 | n/a | same index, different leverage — gray area |
30-day wash-sale calendar for SOXL
The window is 30 calendar days before and after the sale (61 days total, IRC §1091(a)). Buying the replacement fund right away is the point of a swap; the dates above are about buying back the fund you sold, or anything substantially identical to it.
Before you swap
- Turn off dividend reinvestment for SOXL in every account (including IRAs) for the window — a reinvested dividend is a purchase.
- Check automatic investments, a spouse’s accounts, and any SOXL bought in the 30 days before the sale.
- Your broker generally only flags wash sales for the identical security in the same account. You are responsible for the rest.
- Read how wash sales work and the FAQ, then confirm your plan with a tax professional.