T.The PHLX Semiconductor Index (SOX) has become one of the best-known and most widely used subsector indices. In the past ten years, its performance has even outperformed the rapid Nasdaq 100 index (NDX).
The constituent basket of the top 30 stocks by market cap in the semiconductor industry has sparked a surge in demand for their products, which power an increasingly wide range of devices. The pre-COVID-19 supportive trends have only accelerated due to the pandemic that is triggering widespread work from home, study at home, and play at home.
Investors can access this topic through any of the ETFs currently tracking the SOX index:
- iShares PHLX Semiconductor ETF (SOXX),
- Direxion Daily Semiconductor Bear 3x stocks (SOXS)
- Direxion Daily Semiconductor Bull 3x stocks (SOXL)