{"slug":"how-leveraged-etfs-work","qid":"soxs_splits","label":"Every SOXS reverse split since 2020, and the running consolidation factor","post_title":"How Leveraged ETFs Work (and Why They Decay)","post_url":"/blog/how-leveraged-etfs-work#q-soxs_splits","columns":["date","ratio","cumulative_factor"],"rows":[{"date":"2020-08-28","ratio":"1-for-12","cumulative_factor":12},{"date":"2022-03-28","ratio":"1-for-10","cumulative_factor":120},{"date":"2024-04-15","ratio":"1-for-10","cumulative_factor":1200},{"date":"2026-03-05","ratio":"1-for-20","cumulative_factor":24000},{"date":"2026-07-15","ratio":"1-for-10","cumulative_factor":240000}],"shape":"series","sql":"SELECT\n    toString(execution_date) AS date,\n    concat('1-for-', toString(split_from)) AS ratio,\n    round(exp(sum(ln(split_from)) OVER (ORDER BY execution_date)), 0) AS cumulative_factor\nFROM global_markets.stocks_splits\nWHERE ticker = 'SOXS'\n  AND adjustment_type = 'reverse_split'\n  AND execution_date >= '2020-01-01'\nORDER BY execution_date","computed_at":"2026-07-15T10:01:51.317557+00:00","elapsed":0.001898838}