3QQQ.L vs. SOXL.L
3QQQ.L (Leverage Shares 3x Long US Tech 100 ETP Securities) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds from Leverage Shares. 3QQQ.L is actively managed, while SOXL.L is passively managed. Over the past year, 3QQQ.L returned 119.94% vs 2188.86% for SOXL.L. A 0.80 correlation means they provide meaningful diversification when combined. 3QQQ.L charges 0.01%/yr vs 0.75%/yr for SOXL.L.
Performance
3QQQ.L vs. SOXL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3QQQ.L achieves a 55.20% return, which is significantly lower than SOXL.L's 798.38% return.
3QQQ.L
- 1D
- -1.99%
- 1M
- 26.97%
- YTD
- 55.20%
- 6M
- 49.56%
- 1Y
- 119.94%
- 3Y*
- 56.07%
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3QQQ.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 55.20% | 13.90% | 31.79% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -59.99% |
Correlation
The correlation between 3QQQ.L and SOXL.L is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.80 |
The correlation between 3QQQ.L and SOXL.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
3QQQ.L vs. SOXL.L — Risk / Return Rank
3QQQ.L
SOXL.L
3QQQ.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.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.
| 3QQQ.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.62 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 41.59 | -39.10 |
| Martin ratioReturn relative to average drawdown | 5.31 | 125.57 | -120.26 |
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
| 3QQQ.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 15.90 | -14.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.64 | -0.06 |
Drawdowns
3QQQ.L vs. SOXL.L - Drawdown Comparison
The maximum 3QQQ.L drawdown since its inception was -58.93%, smaller than the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for 3QQQ.L and SOXL.L.
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Drawdown Indicators
| 3QQQ.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.93% | -95.66% | +36.73% |
Max Drawdown (1Y)Largest decline over 1 year | -47.89% | -51.95% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -57.67% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -9.76% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -60.63% | +40.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.48% | 17.24% | +5.24% |
Volatility
3QQQ.L vs. SOXL.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) is 14.43%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 57.30%. This indicates that 3QQQ.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
| 3QQQ.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 57.30% | -42.87% |
Volatility (6M)Calculated over the trailing 6-month period | 33.36% | 104.35% | -70.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.01% | 136.04% | -73.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 137.56% | -74.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.47% | 137.56% | -74.09% |
3QQQ.L vs. SOXL.L - Expense Ratio Comparison
3QQQ.L has a 0.01% expense ratio, which is lower than SOXL.L's 0.75% expense ratio.
Dividends
3QQQ.L vs. SOXL.L - Dividend Comparison
Neither 3QQQ.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
3QQQ.L and SOXL.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3QQQ.L is cheaper at 0.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3QQQ.L is cheaper with a 0.01% expense ratio, compared with 0.75% for SOXL.L.
Their fees differ too: 0.01% for 3QQQ.L and 0.75% for SOXL.L.
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