SOXL.L vs. 3GOE.L
SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds from Leverage Shares - SOXL.L tracks the NYSE Semiconductor Index while 3GOE.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past year, SOXL.L returned 1197.69% vs 475.90% for 3GOE.L. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
SOXL.L vs. 3GOE.L - Performance Comparison
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Returns By Period
In the year-to-date period, SOXL.L achieves a 589.35% return, which is significantly higher than 3GOE.L's 18.14% return.
SOXL.L
- 1D
- 0.00%
- 1M
- -5.35%
- YTD
- 589.35%
- 6M
- 580.84%
- 1Y
- 1,197.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOE.L
- 1D
- 0.00%
- 1M
- -24.44%
- YTD
- 18.14%
- 6M
- 14.64%
- 1Y
- 475.90%
- 3Y*
- 88.32%
- 5Y*
- 22.06%
- 10Y*
- —
SOXL.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 589.35% | 11.41% | -56.30% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 18.14% | 133.65% | 57.88% |
Correlation
The correlation between SOXL.L and 3GOE.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.40 |
The correlation between SOXL.L and 3GOE.L shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOXL.L vs. 3GOE.L — Risk / Return Rank
SOXL.L
3GOE.L
SOXL.L vs. 3GOE.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 Alphabet ETP Scs (3GOE.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.
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.
| SOXL.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.52 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 22.80 | 9.30 | +13.51 |
| Martin ratioReturn relative to average drawdown | 64.09 | 27.48 | +36.61 |
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Drawdowns
SOXL.L vs. 3GOE.L - Drawdown Comparison
The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than 3GOE.L's maximum drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for SOXL.L and 3GOE.L.
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Drawdown Indicators
| SOXL.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -88.62% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -51.95% | -51.18% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.62% | — |
Current DrawdownCurrent decline from peak | -30.75% | -33.57% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -59.99% | -43.18% | -16.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.52% | 17.32% | +1.20% |
Volatility
SOXL.L vs. 3GOE.L - Volatility Comparison
Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 65.52% compared to Leverage Shares 3x Alphabet ETP Scs (3GOE.L) at 36.39%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than 3GOE.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 | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 65.52% | 36.39% | +29.13% |
Volatility (6M)Calculated over the trailing 6-month period | 117.94% | 62.31% | +55.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 145.61% | 91.41% | +54.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.33% | 90.63% | +50.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.33% | 89.06% | +52.27% |
SOXL.L vs. 3GOE.L - Expense Ratio Comparison
Both SOXL.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
SOXL.L vs. 3GOE.L - Dividend Comparison
Neither SOXL.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
SOXL.L and 3GOE.L have a correlation of 0.28, 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 3GOE.L have the same expense ratio: 0.75% per year.
SOXL.L tracks NYSE Semiconductor Index, while 3GOE.L tracks iSTOXX Leveraged 3X GOOG Index.
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