3ARE.L vs. SOXL.L
3ARE.L (Leverage Shares 3x Long ARK Innovation ETC EUR) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds from Leverage Shares. 3ARE.L is actively managed, while SOXL.L is passively managed. Over the past year, 3ARE.L returned 46.84% vs 2150.43% for SOXL.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3ARE.L vs. SOXL.L - Performance Comparison
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Different Trading Currencies
3ARE.L is traded in EUR, while SOXL.L is traded in USD. To make them comparable, the SOXL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3ARE.L achieves a -10.77% return, which is significantly lower than SOXL.L's 808.62% return.
3ARE.L
- 1D
- 10.69%
- 1M
- 8.61%
- YTD
- -10.77%
- 6M
- -25.83%
- 1Y
- 46.84%
- 3Y*
- 0.56%
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- -9.88%
- 1M
- 109.71%
- YTD
- 808.62%
- 6M
- 724.67%
- 1Y
- 2,150.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3ARE.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3ARE.L Leverage Shares 3x Long ARK Innovation ETC EUR | -10.77% | -2.23% | 4.26% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 808.73% | -1.81% | -58.14% |
Correlation
The correlation between 3ARE.L and SOXL.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.61 |
The correlation between 3ARE.L and SOXL.L has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
3ARE.L vs. SOXL.L — Risk / Return Rank
3ARE.L
SOXL.L
3ARE.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) and Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 3ARE.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.62 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 42.05 | -41.35 |
| Martin ratioReturn relative to average drawdown | 1.22 | 125.72 | -124.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3ARE.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 15.67 | -15.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.60 | -1.06 |
Drawdowns
3ARE.L vs. SOXL.L - Drawdown Comparison
The maximum 3ARE.L drawdown since its inception was -99.62%, roughly equal to the maximum SOXL.L drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for 3ARE.L and SOXL.L.
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Drawdown Indicators
| 3ARE.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.62% | -95.87% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -73.63% | -50.49% | -23.14% |
Max Drawdown (3Y)Largest decline over 3 years | -82.57% | — | — |
Current DrawdownCurrent decline from peak | -98.68% | -9.88% | -88.80% |
Average DrawdownAverage peak-to-trough decline | -95.64% | -61.66% | -33.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.09% | 16.92% | +25.17% |
Volatility
3ARE.L vs. SOXL.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long ARK Innovation ETC EUR (3ARE.L) is 27.63%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 56.87%. This indicates that 3ARE.L experiences smaller price fluctuations and is considered to be less risky than SOXL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3ARE.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.63% | 56.87% | -29.24% |
Volatility (6M)Calculated over the trailing 6-month period | 67.98% | 103.65% | -35.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.36% | 135.60% | -36.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.55% | 137.63% | -6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.55% | 137.63% | -6.08% |
3ARE.L vs. SOXL.L - Expense Ratio Comparison
Both 3ARE.L and SOXL.L have an expense ratio of 0.75%.
Dividends
3ARE.L vs. SOXL.L - Dividend Comparison
Neither 3ARE.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
3ARE.L and SOXL.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3ARE.L and SOXL.L have the same expense ratio: 0.75% per year.
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