ISLN.L vs. SOXL
ISLN.L (iShares Physical Silver ETC) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - ISLN.L is a Silver fund tracking the LBMA Silver Price, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, ISLN.L returned 14.26%/yr vs 63.20%/yr for SOXL. At a 0.10 correlation, their price movements are largely independent. ISLN.L charges 0.20%/yr vs 0.75%/yr for SOXL.
Performance
ISLN.L vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, ISLN.L achieves a -5.58% return, which is significantly lower than SOXL's 458.36% return. Over the past 10 years, ISLN.L has underperformed SOXL with an annualized return of 14.26%, while SOXL has yielded a comparatively higher 63.20% annualized return.
ISLN.L
- 1D
- 5.80%
- 1M
- -20.59%
- YTD
- -5.58%
- 6M
- 9.90%
- 1Y
- 86.37%
- 3Y*
- 41.38%
- 5Y*
- 19.06%
- 10Y*
- 14.26%
SOXL
- 1D
- 4.77%
- 1M
- 26.04%
- YTD
- 458.36%
- 6M
- 462.65%
- 1Y
- 1,075.10%
- 3Y*
- 110.81%
- 5Y*
- 43.69%
- 10Y*
- 63.20%
ISLN.L vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISLN.L iShares Physical Silver ETC | -5.58% | 147.62% | 21.10% | -0.76% | 3.39% | -12.85% | 45.85% | 16.36% | -8.76% | 3.66% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 458.36% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between ISLN.L and SOXL 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 (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.10 |
The correlation between ISLN.L and SOXL shifts across timeframes, from 0.10 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISLN.L vs. SOXL — Risk / Return Rank
ISLN.L
SOXL
ISLN.L vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (ISLN.L) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISLN.L | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.60 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 22.91 | -20.96 |
| Martin ratioReturn relative to average drawdown | 4.36 | 74.51 | -70.15 |
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Drawdowns
ISLN.L vs. SOXL - Drawdown Comparison
The maximum ISLN.L drawdown since its inception was -76.69%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ISLN.L and SOXL.
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Drawdown Indicators
| ISLN.L | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.69% | -90.46% | +13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -43.83% | -43.47% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -43.83% | -87.88% | +44.05% |
Max Drawdown (5Y)Largest decline over 5 years | -43.83% | -90.46% | +46.63% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -90.46% | +46.63% |
Current DrawdownCurrent decline from peak | -40.57% | -16.35% | -24.22% |
Average DrawdownAverage peak-to-trough decline | -53.73% | -34.99% | -18.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.70% | 13.35% | +6.35% |
Volatility
ISLN.L vs. SOXL - Volatility Comparison
The current volatility for iShares Physical Silver ETC (ISLN.L) is 15.90%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 58.17%. This indicates that ISLN.L experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISLN.L | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.90% | 58.17% | -42.27% |
Volatility (6M)Calculated over the trailing 6-month period | 54.92% | 93.93% | -39.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.77% | 110.81% | -53.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 108.96% | -73.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 99.99% | -68.91% |
ISLN.L vs. SOXL - Expense Ratio Comparison
ISLN.L has a 0.20% expense ratio, which is lower than SOXL's 0.75% expense ratio.
Dividends
ISLN.L vs. SOXL - Dividend Comparison
ISLN.L has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
ISLN.L and SOXL 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.
On fees, ISLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISLN.L is cheaper with a 0.20% expense ratio, compared with 0.75% for SOXL.
ISLN.L is categorized as Silver, while SOXL is Leveraged Equities. ISLN.L tracks LBMA Silver Price, while SOXL tracks ICE Semiconductor Index. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.20% for ISLN.L and 0.75% for SOXL.
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