Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL) has outperformed the market over the past 10 years by 31.35% on an annualized basis producing an average annual return of 43.95%. Currently, Direxion Daily Semiconductor Bull 3X ETF has a market capitalization of $15.97 billion.

Buying $1000 In SOXL: If an investor had bought $1000 of SOXL stock 10 years ago, it would be worth $38,078.74 today based on a price of $66.46 for SOXL at the time of writing.

Direxion Daily Semiconductor Bull 3X ETF's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.