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$SOXX $SOXL $SOXS $SPY $QQQ In 2022, the semiconductor sector hit a tough patch with rising interest rates, less demand for gadgets, and global tensions. The peak: late December 2021 to early January 2022, SOXL was around $73 (adjusted for splits). The bottom: by mid-October 2022, it dropped to about $6.21. The damage: that’s a huge ~91.5% drop from its peak. Why it was "destroyed": While the main index (SOX/SOXX) dropped, SOXL's leverage meant it needed a 1,000%+ gain just to return to its highs. This is the catch with leveraged ETFs: a 90% loss means you'd need a 900% gain to break even.

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