3GLE.L vs. SOXL.L
3GLE.L (Leverage Shares 3x Long Gold ETP Securities) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both exchange-traded funds - 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares, while SOXL.L is a Leveraged Equities fund tracking the NYSE Semiconductor Index. 3GLE.L is actively managed, while SOXL.L is passively managed. Over the past year, 3GLE.L returned 52.94% vs 2188.86% for SOXL.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3GLE.L vs. SOXL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GLE.L achieves a -9.71% return, which is significantly lower than SOXL.L's 798.38% return.
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GLE.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -9.71% | 188.93% | 48.97% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -59.99% |
Correlation
The correlation between 3GLE.L and SOXL.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.14 |
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Return for Risk
3GLE.L vs. SOXL.L — Risk / Return Rank
3GLE.L
SOXL.L
3GLE.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Gold ETP Securities (3GLE.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.
| 3GLE.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.62 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 41.59 | -40.55 |
| Martin ratioReturn relative to average drawdown | 2.35 | 125.57 | -123.22 |
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
| 3GLE.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 15.90 | -15.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.64 | +0.21 |
Drawdowns
3GLE.L vs. SOXL.L - Drawdown Comparison
The maximum 3GLE.L drawdown since its inception was -50.37%, smaller than the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for 3GLE.L and SOXL.L.
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Drawdown Indicators
| 3GLE.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -95.66% | +45.29% |
Max Drawdown (1Y)Largest decline over 1 year | -50.37% | -51.95% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -50.37% | — | — |
Current DrawdownCurrent decline from peak | -49.24% | -9.76% | -39.48% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -60.63% | +47.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.50% | 17.24% | +5.26% |
Volatility
3GLE.L vs. SOXL.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Gold ETP Securities (3GLE.L) is 18.35%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 57.30%. This indicates that 3GLE.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
| 3GLE.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 57.30% | -38.95% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 104.35% | -38.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.12% | 136.04% | -58.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 137.56% | -83.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 137.56% | -83.90% |
3GLE.L vs. SOXL.L - Expense Ratio Comparison
Both 3GLE.L and SOXL.L have an expense ratio of 0.75%.
Dividends
3GLE.L vs. SOXL.L - Dividend Comparison
Neither 3GLE.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
3GLE.L and SOXL.L have a correlation of 0.23, 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.
3GLE.L and SOXL.L have the same expense ratio: 0.75% per year.
3GLE.L is categorized as Leveraged Commodities, while SOXL.L is Leveraged Equities.
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