3MST.L vs. SOXL.L
3MST.L (Leverage Shares 3x Long MicroStrategy ETP) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds from Leverage Shares - 3MST.L tracks the Euronext 3x Long MicroStrategy Index while SOXL.L tracks the NYSE Semiconductor Index. Both are passively managed. Over the past year, 3MST.L returned -99.29% vs 2188.86% for SOXL.L. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3MST.L vs. SOXL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3MST.L achieves a -78.63% return, which is significantly lower than SOXL.L's 798.38% return.
3MST.L
- 1D
- -8.62%
- 1M
- -71.71%
- YTD
- -78.63%
- 6M
- -88.77%
- 1Y
- -99.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MST.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3MST.L Leverage Shares 3x Long MicroStrategy ETP | -78.63% | -98.41% | 164.28% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -36.16% |
Correlation
The correlation between 3MST.L and SOXL.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.38 |
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Return for Risk
3MST.L vs. SOXL.L — Risk / Return Rank
3MST.L
SOXL.L
3MST.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long MicroStrategy ETP (3MST.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.
| 3MST.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.40 | ||
| Sortino ratioReturn per unit of downside risk | -7.13 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.62 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 41.59 | -42.59 |
| Martin ratioReturn relative to average drawdown | -1.21 | 125.57 | -126.78 |
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
| 3MST.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 15.90 | -16.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 0.64 | -1.04 |
Drawdowns
3MST.L vs. SOXL.L - Drawdown Comparison
The maximum 3MST.L drawdown since its inception was -99.94%, roughly equal to the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for 3MST.L and SOXL.L.
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Drawdown Indicators
| 3MST.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -95.66% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -99.53% | -51.95% | -47.58% |
Current DrawdownCurrent decline from peak | -99.94% | -9.76% | -90.18% |
Average DrawdownAverage peak-to-trough decline | -85.39% | -60.63% | -24.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 82.32% | 17.24% | +65.08% |
Volatility
3MST.L vs. SOXL.L - Volatility Comparison
Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a higher volatility of 61.01% compared to Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) at 57.30%. This indicates that 3MST.L's price experiences larger fluctuations and is considered to be riskier 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
| 3MST.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.01% | 57.30% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 160.17% | 104.35% | +55.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 198.97% | 136.04% | +62.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 236.29% | 137.56% | +98.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 236.29% | 137.56% | +98.73% |
3MST.L vs. SOXL.L - Expense Ratio Comparison
Both 3MST.L and SOXL.L have an expense ratio of 0.75%.
Dividends
3MST.L vs. SOXL.L - Dividend Comparison
Neither 3MST.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
3MST.L and SOXL.L have a correlation of 0.33, 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.
3MST.L and SOXL.L have the same expense ratio: 0.75% per year.
3MST.L tracks Euronext 3x Long MicroStrategy Index, while SOXL.L tracks NYSE Semiconductor Index.
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