Understanding the Direxion Daily SOFI Bull 2X ETF (SOFA)

What this ETF is trying to do

The Direxion Daily SOFI Bull 2X ETF (ticker: SOFA) is a leveraged ETF. This means it is designed to seek a specific daily return that is twice (2X) the performance of its underlying target. Based on the provided data, this fund has exposure to SOFI Technologies Inc.

What the numbers show

As of October 6, 2026, the current price of SOFA is $10.45.

Because this fund does not have a recorded history of share splits, an estimated price from roughly one year ago is not available. Additionally, specific data for year-to-date (YTD), one-year, or three-year price returns and total returns were not supplied in the current report.

Income and distribution explanation

Some investors look at ETFs for cash payments, known as distributions. SOFA has a distribution yield of approximately 1.52%. This number describes the cash distributions relative to the ETF's price.

The trailing distributions for the period were $0.1585. The fund's distribution frequency is described as "Irregular / less frequent," with 3 payouts recorded over the last 12 months. Most of these payments occurred on a Tuesday. It is important to remember that a distribution yield is not the same as a total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Currently, there is no severe erosion-risk flag for this ETF. However, the erosion score is withheld because there is insufficient verified price history available in the data provided.

Pros

• Leveraged Exposure: The fund is designed to provide 2X the daily movement of its target.

• Specific Focus: The fund provides concentrated exposure to SOFI Technologies Inc., which makes up 8.23% of the reported holdings.

Cons

• Limited Data: There is insufficient verified price history to provide long-term return or erosion scores.

• Irregular Income: The distributions are not on a regular, predictable schedule.

• Leverage Risk: As a leveraged ETF, the fund's performance can change rapidly.

Beginner takeaway

SOFA is a specialized, leveraged ETF focused on SOFI Technologies Inc. While it provides a distribution yield of about 1.52%, the payments are irregular. Because this is a leveraged fund, it behaves differently than a standard ETF. Investors should note that total return data and long-term price history were not supplied, making it difficult to see how the fund has performed over longer periods.