SOXL.L vs. 3MST.L
SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and 3MST.L (Leverage Shares 3x Long MicroStrategy ETP) are both Leveraged Equities funds from Leverage Shares - SOXL.L tracks the NYSE Semiconductor Index while 3MST.L tracks the Euronext 3x Long MicroStrategy Index. Both are passively managed. Over the past year, SOXL.L returned 1197.69% vs -58.62% for 3MST.L. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
SOXL.L vs. 3MST.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 lower than 3MST.L's 1,116.53% return.
SOXL.L
- 1D
- 0.00%
- 1M
- -5.35%
- YTD
- 589.35%
- 6M
- 580.84%
- 1Y
- 1,197.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3MST.L
- 1D
- 0.00%
- 1M
- -82.05%
- YTD
- 1,116.53%
- 6M
- 1,089.46%
- 1Y
- -58.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL.L vs. 3MST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 589.35% | 11.41% | -30.95% |
3MST.L Leverage Shares 3x Long MicroStrategy ETP | 1,116.53% | -98.41% | 91.45% |
Correlation
The correlation between SOXL.L and 3MST.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 Sep 26, 2024 | 0.38 |
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Return for Risk
SOXL.L vs. 3MST.L — Risk / Return Rank
SOXL.L
3MST.L
SOXL.L vs. 3MST.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 Long MicroStrategy ETP (3MST.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 | 3MST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.14 | ||
| Sortino ratioReturn per unit of downside risk | -81.07 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 9.89 | -8.38 |
| Calmar ratioReturn relative to maximum drawdown | 22.80 | -0.59 | +23.39 |
| Martin ratioReturn relative to average drawdown | 64.09 | -0.78 | +64.87 |
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Drawdowns
SOXL.L vs. 3MST.L - Drawdown Comparison
The maximum SOXL.L drawdown since its inception was -95.66%, roughly equal to the maximum 3MST.L drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for SOXL.L and 3MST.L.
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Drawdown Indicators
| SOXL.L | 3MST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -99.93% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -51.95% | -99.48% | +47.53% |
Current DrawdownCurrent decline from peak | -30.75% | -96.66% | +65.91% |
Average DrawdownAverage peak-to-trough decline | -59.99% | -83.35% | +23.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.52% | 75.09% | -56.57% |
Volatility
SOXL.L vs. 3MST.L - Volatility Comparison
The current volatility for Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) is 65.52%, while Leverage Shares 3x Long MicroStrategy ETP (3MST.L) has a volatility of 85.00%. This indicates that SOXL.L experiences smaller price fluctuations and is considered to be less risky than 3MST.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 | 3MST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 65.52% | 85.00% | -19.48% |
Volatility (6M)Calculated over the trailing 6-month period | 117.94% | 518.03% | -400.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 145.61% | 13,334.98% | -13,189.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.33% | 10,112.41% | -9,971.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.33% | 10,112.41% | -9,971.08% |
SOXL.L vs. 3MST.L - Expense Ratio Comparison
Both SOXL.L and 3MST.L have an expense ratio of 0.75%.
Dividends
SOXL.L vs. 3MST.L - Dividend Comparison
Neither SOXL.L nor 3MST.L has paid dividends to shareholders.
Frequently Asked Questions
SOXL.L and 3MST.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.
SOXL.L and 3MST.L have the same expense ratio: 0.75% per year.
SOXL.L tracks NYSE Semiconductor Index, while 3MST.L tracks Euronext 3x Long MicroStrategy Index.
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