SOXL.L vs. DEL2.L
SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both Leveraged Equities funds - SOXL.L tracks the NYSE Semiconductor Index while DEL2.L tracks the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past year, SOXL.L returned 641.52% vs -1.54% for DEL2.L. A 0.51 correlation means they provide meaningful diversification when combined. SOXL.L charges 0.75%/yr vs 0.40%/yr for DEL2.L.
Performance
SOXL.L vs. DEL2.L - Performance Comparison
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Different Trading Currencies
SOXL.L is traded in USD, while DEL2.L is traded in EUR. To make them comparable, the DEL2.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 373.96% return, which is significantly higher than DEL2.L's -2.76% return.
SOXL.L
- 1D
- 0.00%
- 1M
- -46.43%
- 6M
- 255.21%
- YTD
- 373.96%
- 1Y
- 641.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEL2.L
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -8.13%
- YTD
- -2.76%
- 1Y
- -1.54%
- 3Y*
- 24.53%
- 5Y*
- 11.75%
- 10Y*
- 13.20%
SOXL.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 373.96% | 11.41% | -56.30% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -2.76% | 55.69% | 9.02% |
Correlation
The correlation between SOXL.L and DEL2.L is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.51 |
The correlation between SOXL.L and DEL2.L has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
SOXL.L vs. DEL2.L — Risk / Return Rank
SOXL.L
DEL2.L
SOXL.L vs. DEL2.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 L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.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 | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.02 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 10.41 | -0.07 | +10.48 |
| Martin ratioReturn relative to average drawdown | 29.77 | -0.21 | +29.98 |
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Drawdowns
SOXL.L vs. DEL2.L - Drawdown Comparison
The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than DEL2.L's maximum drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for SOXL.L and DEL2.L.
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Drawdown Indicators
| SOXL.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -68.93% | -26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -61.05% | -27.05% | -34.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.93% | — |
Current DrawdownCurrent decline from peak | -52.39% | -8.94% | -43.45% |
Average DrawdownAverage peak-to-trough decline | -59.60% | -18.99% | -40.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.39% | 8.86% | +12.53% |
Volatility
SOXL.L vs. DEL2.L - Volatility Comparison
Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 74.15% compared to L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) at 9.63%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than DEL2.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 | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 74.15% | 9.63% | +64.52% |
Volatility (6M)Calculated over the trailing 6-month period | 132.16% | 28.89% | +103.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 157.21% | 33.93% | +123.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.39% | 36.96% | +108.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.39% | 37.64% | +107.75% |
SOXL.L vs. DEL2.L - Expense Ratio Comparison
SOXL.L has a 0.75% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
SOXL.L vs. DEL2.L - Dividend Comparison
Neither SOXL.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
SOXL.L and DEL2.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.L is cheaper with a 0.40% expense ratio, compared with 0.75% for SOXL.L.
SOXL.L tracks NYSE Semiconductor Index, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for SOXL.L and 0.40% for DEL2.L.
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