SOXL.L vs. 3QQQ.L

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L).

SOXL.L and 3QQQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXL.L is a passively managed fund by Leverage Shares that tracks the performance of the NYSE Semiconductor Index. It was launched on Mar 25, 2024. 3QQQ.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022.

Performance

SOXL.L vs. 3QQQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L). The values are adjusted to include any dividend payments, if applicable.

SOXL.L vs. 3QQQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	18.21%	11.41%	-59.99%
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities	-19.09%	13.90%	31.79%

Returns By Period

In the year-to-date period, SOXL.L achieves a 18.21% return, which is significantly higher than 3QQQ.L's -19.09% return.

SOXL.L

• 1D: 27.69%
• 1M: -19.65%
• YTD: 18.21%
• 6M: 40.09%
• 1Y: 222.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

3QQQ.L

• 1D: 8.72%
• 1M: -10.76%
• YTD: -19.09%
• 6M: -16.94%
• 1Y: 36.33%
• 3Y*: 38.88%
• 5Y*: —
• 10Y*: —

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

SOXL.L vs. 3QQQ.L - Expense Ratio Comparison

SOXL.L has a 0.75% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.

SOXL.L

Leverage Shares 4x Long Semiconductors ETP Securities

3QQQ.L

Leverage Shares 3x Long US Tech 100 ETP Securities

Return for Risk

SOXL.L vs. 3QQQ.L — Risk / Return Rank

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

SOXL.L

SOXL.L Risk / Return Rank: 84
SOXL.L Sharpe Ratio Rank: 81
SOXL.L Sortino Ratio Rank: 84
SOXL.L Omega Ratio Rank: 75
SOXL.L Calmar Ratio Rank: 95
SOXL.L Martin Ratio Rank: 88

3QQQ.L

3QQQ.L Risk / Return Rank: 33
3QQQ.L Sharpe Ratio Rank: 26
3QQQ.L Sortino Ratio Rank: 43
3QQQ.L Omega Ratio Rank: 43
3QQQ.L Calmar Ratio Rank: 28
3QQQ.L Martin Ratio Rank: 23

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.

SOXL.L vs. 3QQQ.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 US Tech 100 ETP Securities (3QQQ.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	3QQQ.L	Difference
Sharpe ratio Return per unit of total volatility	1.62	0.52	+1.10
Sortino ratio Return per unit of downside risk	2.33	1.26	+1.08
Omega ratio Gain probability vs. loss probability	1.30	1.18	+0.12
Calmar ratio Return relative to maximum drawdown	4.14	0.72	+3.43
Martin ratio Return relative to average drawdown	11.56	1.62	+9.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXL.L vs. 3QQQ.L - Sharpe Ratio Comparison

The current SOXL.L Sharpe Ratio is 1.62, which is higher than the 3QQQ.L Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of SOXL.L and 3QQQ.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXL.L	3QQQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	0.52	+1.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.27	-0.48

Correlation

The correlation between SOXL.L and 3QQQ.L is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SOXL.L vs. 3QQQ.L - Dividend Comparison

Neither SOXL.L nor 3QQQ.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SOXL.L vs. 3QQQ.L - Drawdown Comparison

The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than 3QQQ.L's maximum drawdown of -58.93%. Use the drawdown chart below to compare losses from any high point for SOXL.L and 3QQQ.L.

Drawdown Indicators

	SOXL.L	3QQQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-95.66%	-58.93%	-36.73%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	-47.89%	-11.66%
Current Drawdown Current decline from peak	-66.20%	-42.24%	-23.96%
Average Drawdown Average peak-to-trough decline	-64.19%	-20.85%	-43.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.63%	21.13%	-2.50%

Volatility

SOXL.L vs. 3QQQ.L - Volatility Comparison

Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 45.32% compared to Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) at 16.78%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than 3QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL.L	3QQQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.32%	16.78%	+28.54%
Volatility (6M) Calculated over the trailing 6-month period	97.24%	53.33%	+43.91%
Volatility (1Y) Calculated over the trailing 1-year period	136.74%	70.29%	+66.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	131.73%	63.86%	+67.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	131.73%	63.86%	+67.87%