NVDL vs. SOXL.L
NVDL (GraniteShares 2x Long NVDA Daily ETF) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds. NVDL is actively managed, while SOXL.L is passively managed. Over the past year, NVDL returned 90.12% vs 2188.86% for SOXL.L. At a 0.45 correlation, their price movements are largely independent. NVDL charges 1.05%/yr vs 0.75%/yr for SOXL.L.
Performance
NVDL vs. SOXL.L - Performance Comparison
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Returns By Period
In the year-to-date period, NVDL achieves a 24.36% return, which is significantly lower than SOXL.L's 798.38% return.
NVDL
- 1D
- 3.68%
- 1M
- 21.13%
- YTD
- 24.36%
- 6M
- 26.69%
- 1Y
- 90.12%
- 3Y*
- 113.21%
- 5Y*
- —
- 10Y*
- —
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDL vs. SOXL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 24.36% | 32.57% | 51.58% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -59.99% |
Correlation
The correlation between NVDL and SOXL.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.45 |
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Return for Risk
NVDL vs. SOXL.L — Risk / Return Rank
NVDL
SOXL.L
NVDL vs. SOXL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) 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.
| NVDL | SOXL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.62 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 41.59 | -39.45 |
| Martin ratioReturn relative to average drawdown | 4.91 | 125.57 | -120.66 |
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
| NVDL | SOXL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 15.90 | -14.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 0.64 | +1.15 |
Drawdowns
NVDL vs. SOXL.L - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for NVDL and SOXL.L.
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Drawdown Indicators
| NVDL | SOXL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -95.66% | +28.11% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | -51.95% | +9.72% |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | — | — |
Current DrawdownCurrent decline from peak | -15.19% | -9.76% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -60.63% | +43.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.41% | 17.24% | +1.17% |
Volatility
NVDL vs. SOXL.L - Volatility Comparison
The current volatility for GraniteShares 2x Long NVDA Daily ETF (NVDL) is 24.75%, while Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a volatility of 57.30%. This indicates that NVDL 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
| NVDL | SOXL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.75% | 57.30% | -32.55% |
Volatility (6M)Calculated over the trailing 6-month period | 50.90% | 104.35% | -53.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.08% | 136.04% | -67.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.39% | 137.56% | -47.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.39% | 137.56% | -47.17% |
NVDL vs. SOXL.L - Expense Ratio Comparison
NVDL has a 1.05% expense ratio, which is higher than SOXL.L's 0.75% expense ratio.
Dividends
NVDL vs. SOXL.L - Dividend Comparison
Neither NVDL nor SOXL.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDL and SOXL.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SOXL.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOXL.L is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDL.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.05% for NVDL and 0.75% for SOXL.L.
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