SOXL.L vs. 3APE.L
SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both Leveraged Equities funds from Leverage Shares - SOXL.L tracks the NYSE Semiconductor Index while 3APE.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past year, SOXL.L returned 2634.59% vs 169.61% for 3APE.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
SOXL.L vs. 3APE.L - Performance Comparison
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Different Trading Currencies
SOXL.L is traded in USD, while 3APE.L is traded in EUR. To make them comparable, the 3APE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOXL.L achieves a 895.51% return, which is significantly higher than 3APE.L's 31.39% return.
SOXL.L
- 1D
- 10.01%
- 1M
- 168.10%
- YTD
- 895.51%
- 6M
- 832.48%
- 1Y
- 2,634.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3APE.L
- 1D
- -1.20%
- 1M
- 30.40%
- YTD
- 31.39%
- 6M
- 11.41%
- 1Y
- 169.61%
- 3Y*
- 22.24%
- 5Y*
- 24.11%
- 10Y*
- —
SOXL.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 895.51% | 11.41% | -59.99% |
3APE.L Leverage Shares 3x Apple ETC EUR | 31.39% | -22.68% | 156.72% |
Correlation
The correlation between SOXL.L and 3APE.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.37 |
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Return for Risk
SOXL.L vs. 3APE.L — Risk / Return Rank
SOXL.L
3APE.L
SOXL.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) and Leverage Shares 3x Apple ETC EUR (3APE.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.
| SOXL.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.35 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 50.03 | 4.03 | +46.00 |
| Martin ratioReturn relative to average drawdown | 151.14 | 9.36 | +141.78 |
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
| SOXL.L | 3APE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.17 | 2.43 | +16.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.31 | +0.40 |
Drawdowns
SOXL.L vs. 3APE.L - Drawdown Comparison
The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than 3APE.L's maximum drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for SOXL.L and 3APE.L.
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Drawdown Indicators
| SOXL.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -78.44% | -17.22% |
Max Drawdown (1Y)Largest decline over 1 year | -51.95% | -41.80% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -72.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.44% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.60% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -60.72% | -37.07% | -23.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.23% | 18.05% | -0.82% |
Volatility
SOXL.L vs. 3APE.L - Volatility Comparison
Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 56.48% compared to Leverage Shares 3x Apple ETC EUR (3APE.L) at 15.46%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than 3APE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXL.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 56.48% | 15.46% | +41.02% |
Volatility (6M)Calculated over the trailing 6-month period | 103.64% | 49.88% | +53.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.05% | 69.29% | +66.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.50% | 80.90% | +56.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.50% | 85.21% | +52.29% |
SOXL.L vs. 3APE.L - Expense Ratio Comparison
Both SOXL.L and 3APE.L have an expense ratio of 0.75%.
Dividends
SOXL.L vs. 3APE.L - Dividend Comparison
Neither SOXL.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
SOXL.L and 3APE.L have a correlation of 0.29, 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.
SOXL.L and 3APE.L have the same expense ratio: 0.75% per year.
SOXL.L tracks NYSE Semiconductor Index, while 3APE.L tracks iSTOXX Leveraged 3X AAPL Index.
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