Leveraged ETFs demand a different monitoring framework than buy-and-hold funds, and SOXL's 3x daily exposure to semiconductors makes the distinction especially sharp. With $13.6 billion in assets and an extremely high portfolio turnover rate driven by daily rebalancing, this fund combines sector momentum and structural decay. As 2026 approaches, investors need to separate broad semiconductor trends from the mechanics that make leveraged products behave differently than their underlying holdings.