Navigating Bearish Tech Bets: $REW and $SOXS for Short-Term Positioning REW provides -2x daily inverse exposure to the broad U.S. technology sector via the S&P Technology Select Sector Index, while SOXS delivers -3x daily inverse exposure specifically to the semiconductor industry through the NYSE Semiconductor Index. Both ETFs employ leveraged inverse strategies using derivatives such as swaps and futures, making them suitable for short-term tactical positioning rather than long-term holding due to daily reset mechanics and compounding effects. Expense ratios stand at 0.95% (net) for REW and approximately 1.00% for SOXS, reflecting the higher costs associated with leveraged and inverse products compared to traditional equity ETFs.