SOXL.L vs. FSELX

Last updated Jun 4, 2026

SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - SOXL.L is a Leveraged Equities fund tracking the NYSE Semiconductor Index, while FSELX is a Semiconductors fund managed by Fidelity. Over the past year, SOXL.L returned 2634.59% vs 166.37% for FSELX. A 0.69 correlation means they provide meaningful diversification when combined. SOXL.L charges 0.75%/yr vs 0.68%/yr for FSELX.

Performance

SOXL.L vs. FSELX - 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 Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXL.L achieves a 895.51% return, which is significantly higher than FSELX's 85.56% return.

SOXL.L

• 1D: 10.01%
• 1M: 168.10%
• YTD: 895.51%
• 6M: 832.48%
• 1Y: 2,634.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSELX

• 1D: 6.35%
• 1M: 26.53%
• YTD: 85.56%
• 6M: 83.27%
• 1Y: 166.37%
• 3Y*: 68.85%
• 5Y*: 46.95%
• 10Y*: 39.21%

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

SOXL.L vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	895.51%	11.41%	-59.99%
FSELX Fidelity Select Semiconductors Portfolio	85.56%	52.17%	17.93%

Correlation

The correlation between SOXL.L and FSELX is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.69

The correlation between SOXL.L and FSELX has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.

Return for Risk

SOXL.L vs. FSELX — 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: 97
SOXL.L Sharpe Ratio Rank: 100
SOXL.L Sortino Ratio Rank: 95
SOXL.L Omega Ratio Rank: 93
SOXL.L Calmar Ratio Rank: 99
SOXL.L Martin Ratio Rank: 99

FSELX

FSELX Risk / Return Rank: 97
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 96
FSELX Omega Ratio Rank: 93
FSELX Calmar Ratio Rank: 99
FSELX Martin Ratio Rank: 99

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. FSELX - 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 Fidelity Select Semiconductors Portfolio (FSELX). 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	FSELX	Difference
Sharpe ratio Return per unit of total volatility	19.17	5.35	+13.82
Sortino ratio Return per unit of downside risk	5.32	5.23	+0.10
Omega ratio Gain probability vs. loss probability	1.66	1.71	-0.05
Calmar ratio Return relative to maximum drawdown	50.03	12.18	+37.85
Martin ratio Return relative to average drawdown	151.14	46.77	+104.37
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. FSELX - Sharpe Ratio Comparison

The current SOXL.L Sharpe Ratio is 19.17, which is higher than the FSELX Sharpe Ratio of 5.35. The chart below compares the historical Sharpe Ratios of SOXL.L and FSELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOXL.L	FSELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	19.17	5.35	+13.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.55	+0.16

Drawdowns

SOXL.L vs. FSELX - Drawdown Comparison

The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than FSELX's maximum drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for SOXL.L and FSELX.

Drawdown Indicators

	SOXL.L	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-95.66%	-82.54%	-13.12%
Max Drawdown (1Y) Largest decline over 1 year	-51.95%	-14.38%	-37.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-60.72%	-28.70%	-32.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.23%	3.74%	+13.49%

Volatility

SOXL.L vs. FSELX - Volatility Comparison

Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 56.48% compared to Fidelity Select Semiconductors Portfolio (FSELX) at 12.01%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL.L	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	56.48%	12.01%	+44.47%
Volatility (6M) Calculated over the trailing 6-month period	103.64%	25.42%	+78.22%
Volatility (1Y) Calculated over the trailing 1-year period	136.05%	32.74%	+103.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.50%	38.97%	+98.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.50%	35.07%	+102.43%

SOXL.L vs. FSELX - Expense Ratio Comparison

SOXL.L has a 0.75% expense ratio, which is higher than FSELX's 0.68% expense ratio.

Dividends

SOXL.L vs. FSELX - Dividend Comparison

SOXL.L has not paid dividends to shareholders, while FSELX's dividend yield for the trailing twelve months is around 8.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	8.83%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOXL.L and FSELX in my portfolio?

SOXL.L and FSELX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.