SMGB.L vs. SOXL.L

Last updated Jun 6, 2026

SMGB.L (VanEck Semiconductor UCITS ETF) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both exchange-traded funds - SMGB.L is a Semiconductors fund tracking the MSCI World/Information Tech NR USD, while SOXL.L is a Leveraged Equities fund tracking the NYSE Semiconductor Index. Both are passively managed. SMGB.L charges 0.35%/yr vs 0.75%/yr for SOXL.L.

Performance

SMGB.L vs. SOXL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Semiconductor UCITS ETF (SMGB.L) and Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SMGB.L is traded in GBP, while SOXL.L is traded in USD. To make them comparable, the SOXL.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

SMGB.L

• 1D: -5.12%
• 1M: 11.88%
• YTD: 75.99%
• 6M: 73.59%
• 1Y: 156.41%
• 3Y*: 54.29%
• 5Y*: 36.84%
• 10Y*: —

SOXL.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SMGB.L vs. SOXL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMGB.L

SMGB.L Risk / Return Rank: 97
SMGB.L Sharpe Ratio Rank: 98
SMGB.L Sortino Ratio Rank: 96
SMGB.L Omega Ratio Rank: 95
SMGB.L Calmar Ratio Rank: 98
SMGB.L Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMGB.L vs. SOXL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMGB.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.

	SMGB.L	SOXL.L	Difference
Sharpe ratio: Return per unit of total volatility	4.95	—	—
Sortino ratio: Return per unit of downside risk	5.16	—	—
Omega ratio: Gain probability vs. loss probability	1.67	—	—
Calmar ratio: Return relative to maximum drawdown	13.02	—	—
Martin ratio: Return relative to average drawdown	45.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMGB.L	SOXL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	—	—

Drawdowns

Drawdown Indicators

	SMGB.L	SOXL.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.23%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	—	—
Current Drawdown Current decline from peak	-7.48%	—	—
Average Drawdown Average peak-to-trough decline	-9.85%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	—	—

Volatility

Volatility by Period

	SMGB.L	SOXL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.44%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.28%	—	—

SMGB.L vs. SOXL.L - Expense Ratio Comparison

SMGB.L has a 0.35% expense ratio, which is lower than SOXL.L's 0.75% expense ratio.

Dividends

SMGB.L vs. SOXL.L - Dividend Comparison

Neither SMGB.L nor SOXL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, SMGB.L or SOXL.L?

On fees, SMGB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMGB.L or SOXL.L?

SMGB.L is cheaper with a 0.35% expense ratio, compared with 0.75% for SOXL.L.

What is the main difference between SMGB.L and SOXL.L?

SMGB.L is categorized as Semiconductors, while SOXL.L is Leveraged Equities. SMGB.L tracks MSCI World/Information Tech NR USD, while SOXL.L tracks NYSE Semiconductor Index. They also come from different issuers: VanEck and Leverage Shares. Their fees differ too: 0.35% for SMGB.L and 0.75% for SOXL.L.