3USL.L vs. SOXL.L
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds - 3USL.L tracks the S&P 500 Net Total Returns Index while SOXL.L tracks the NYSE Semiconductor Index. Both are passively managed. Over the past year, 3USL.L returned 77.77% vs 2188.86% for SOXL.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3USL.L vs. SOXL.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3USL.L achieves a 25.13% return, which is significantly lower than SOXL.L's 798.38% return.
3USL.L
- 1D
- -0.02%
- 1M
- 12.76%
- YTD
- 25.13%
- 6M
- 26.49%
- 1Y
- 77.77%
- 3Y*
- 50.50%
- 5Y*
- 22.25%
- 10Y*
- 28.49%
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3USL.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.13% | 28.97% | 29.49% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -59.99% |
Correlation
The correlation between 3USL.L and SOXL.L is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.77 |
The correlation between 3USL.L and SOXL.L has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
3USL.L vs. SOXL.L — Risk / Return Rank
3USL.L
SOXL.L
3USL.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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.
| 3USL.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.62 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 41.59 | -38.53 |
| Martin ratioReturn relative to average drawdown | 12.28 | 125.57 | -113.28 |
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
| 3USL.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 15.90 | -13.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.64 | -0.05 |
Drawdowns
3USL.L vs. SOXL.L - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, smaller than the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for 3USL.L and SOXL.L.
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Drawdown Indicators
| 3USL.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -95.66% | +18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -51.95% | +26.66% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -9.76% | +7.94% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -60.63% | +45.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 17.24% | -10.93% |
Volatility
3USL.L vs. SOXL.L - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 9.42%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 57.30%. This indicates that 3USL.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
| 3USL.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 57.30% | -47.88% |
Volatility (6M)Calculated over the trailing 6-month period | 25.26% | 104.35% | -79.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.36% | 136.04% | -101.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.39% | 137.56% | -90.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.51% | 137.56% | -89.05% |
3USL.L vs. SOXL.L - Expense Ratio Comparison
Both 3USL.L and SOXL.L have an expense ratio of 0.75%.
Dividends
3USL.L vs. SOXL.L - Dividend Comparison
Neither 3USL.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
3USL.L and SOXL.L have a correlation of 0.72, 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.
3USL.L and SOXL.L have the same expense ratio: 0.75% per year.
3USL.L tracks S&P 500 Net Total Returns Index, while SOXL.L tracks NYSE Semiconductor Index. They also come from different issuers: WisdomTree and Leverage Shares.
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