MRN3.L vs. SOXL.L
MRN3.L (Leverage Shares 3x Long Moderna (MRNA) ETP Securities) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds from Leverage Shares - MRN3.L tracks the iSTOXX Leveraged 3x MRNA Index while SOXL.L tracks the NYSE Semiconductor Index. Both are passively managed. Over the past year, MRN3.L returned 64.51% vs 2188.86% for SOXL.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
MRN3.L vs. SOXL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MRN3.L achieves a 156.89% return, which is significantly lower than SOXL.L's 798.38% return.
MRN3.L
- 1D
- 26.04%
- 1M
- 21.33%
- YTD
- 156.89%
- 6M
- 287.40%
- 1Y
- 64.51%
- 3Y*
- -91.30%
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRN3.L vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MRN3.L Leverage Shares 3x Long Moderna (MRNA) ETP Securities | 156.89% | -93.67% | -98.56% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -59.99% |
Correlation
The correlation between MRN3.L and SOXL.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MRN3.L vs. SOXL.L — Risk / Return Rank
MRN3.L
SOXL.L
MRN3.L vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.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.
| MRN3.L | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.62 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 41.59 | -40.80 |
| Martin ratioReturn relative to average drawdown | 1.25 | 125.57 | -124.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MRN3.L | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 15.90 | -15.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.64 | -1.07 |
Drawdowns
MRN3.L vs. SOXL.L - Drawdown Comparison
The maximum MRN3.L drawdown since its inception was -100.00%, roughly equal to the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for MRN3.L and SOXL.L.
Loading charts...
Drawdown Indicators
| MRN3.L | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -95.66% | -4.34% |
Max Drawdown (1Y)Largest decline over 1 year | -81.28% | -51.95% | -29.33% |
Max Drawdown (3Y)Largest decline over 3 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -9.76% | -90.24% |
Average DrawdownAverage peak-to-trough decline | -97.63% | -60.63% | -37.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.56% | 17.24% | +34.32% |
Volatility
MRN3.L vs. SOXL.L - Volatility Comparison
Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.L) and Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) have volatilities of 57.82% and 57.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MRN3.L | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.82% | 57.30% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 163.07% | 104.35% | +58.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 210.95% | 136.04% | +74.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 221.82% | 137.56% | +84.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 221.82% | 137.56% | +84.26% |
MRN3.L vs. SOXL.L - Expense Ratio Comparison
Both MRN3.L and SOXL.L have an expense ratio of 0.75%.
Dividends
MRN3.L vs. SOXL.L - Dividend Comparison
Neither MRN3.L nor SOXL.L has paid dividends to shareholders.
Frequently Asked Questions
MRN3.L and SOXL.L have a correlation of 0.32, 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.
MRN3.L and SOXL.L have the same expense ratio: 0.75% per year.
MRN3.L tracks iSTOXX Leveraged 3x MRNA Index, while SOXL.L tracks NYSE Semiconductor Index.
Find the right allocation for MRN3.L and SOXL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer