3TSM.L vs. SOXL.L
3TSM.L (Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds from Leverage Shares - 3TSM.L tracks the iSTOXX Leveraged 3x TSM Index while SOXL.L tracks the NYSE Semiconductor Index. Both are passively managed. Over the past year, 3TSM.L returned 581.86% vs 2634.59% for SOXL.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3TSM.L vs. SOXL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSM.L achieves a 142.39% return, which is significantly lower than SOXL.L's 895.51% return.
3TSM.L
- 1D
- -1.75%
- 1M
- 30.63%
- YTD
- 142.39%
- 6M
- 154.11%
- 1Y
- 581.86%
- 3Y*
- 146.20%
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- 10.01%
- 1M
- 168.10%
- YTD
- 895.51%
- 6M
- 832.48%
- 1Y
- 2,634.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3TSM.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3TSM.L Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities | 142.39% | 60.55% | 88.24% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 895.51% | 11.41% | -59.99% |
Correlation
The correlation between 3TSM.L and SOXL.L is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.74 |
The correlation between 3TSM.L and SOXL.L has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.
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Return for Risk
3TSM.L vs. SOXL.L — Risk / Return Rank
3TSM.L
SOXL.L
3TSM.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.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.
| 3TSM.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.66 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 12.39 | 50.03 | -37.65 |
| Martin ratioReturn relative to average drawdown | 35.93 | 151.14 | -115.21 |
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
| 3TSM.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.47 | 19.17 | -13.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.71 | -0.36 |
Drawdowns
3TSM.L vs. SOXL.L - Drawdown Comparison
The maximum 3TSM.L drawdown since its inception was -93.59%, roughly equal to the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for 3TSM.L and SOXL.L.
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Drawdown Indicators
| 3TSM.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -95.66% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -46.56% | -51.95% | +5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -81.95% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | 0.00% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -55.71% | -60.72% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 17.23% | -1.15% |
Volatility
3TSM.L vs. SOXL.L - Volatility Comparison
The current volatility for Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) is 37.57%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 56.48%. This indicates that 3TSM.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
| 3TSM.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.57% | 56.48% | -18.91% |
Volatility (6M)Calculated over the trailing 6-month period | 77.75% | 103.64% | -25.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.63% | 136.05% | -30.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.40% | 137.50% | -23.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.40% | 137.50% | -23.10% |
3TSM.L vs. SOXL.L - Expense Ratio Comparison
Both 3TSM.L and SOXL.L have an expense ratio of 0.75%.
Dividends
3TSM.L vs. SOXL.L - Dividend Comparison
Neither 3TSM.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
3TSM.L and SOXL.L have a correlation of 0.74, 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.
3TSM.L and SOXL.L have the same expense ratio: 0.75% per year.
3TSM.L tracks iSTOXX Leveraged 3x TSM Index, while SOXL.L tracks NYSE Semiconductor Index.
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