SOXL.L vs. NVDD.L
SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and NVDD.L (IncomeShares NVIDIA (NVDA) Options ETP GBP) are both exchange-traded funds - SOXL.L is a Leveraged Equities fund tracking the NYSE Semiconductor Index, while NVDD.L is a Derivative Income fund actively managed by Leverage Shares. SOXL.L is passively managed, while NVDD.L is actively managed. Over the past year, SOXL.L returned 2188.86% vs 35.74% for NVDD.L. A 0.61 correlation means they provide meaningful diversification when combined. SOXL.L charges 0.75%/yr vs 0.55%/yr for NVDD.L.
Performance
SOXL.L vs. NVDD.L - Performance Comparison
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Different Trading Currencies
SOXL.L is traded in USD, while NVDD.L is traded in GBp. To make them comparable, the NVDD.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 798.38% return, which is significantly higher than NVDD.L's 2.09% return.
SOXL.L
- 1D
- -9.76%
- 1M
- 108.32%
- YTD
- 798.38%
- 6M
- 722.46%
- 1Y
- 2,188.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDD.L
- 1D
- 1.03%
- 1M
- 2.95%
- YTD
- 2.09%
- 6M
- 4.53%
- 1Y
- 35.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL.L vs. NVDD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 798.38% | 11.41% | -61.83% |
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP | 2.09% | 28.80% | 4.16% |
Correlation
The correlation between SOXL.L and NVDD.L is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.61 |
The correlation between SOXL.L and NVDD.L has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.
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Return for Risk
SOXL.L vs. NVDD.L — Risk / Return Rank
SOXL.L
NVDD.L
SOXL.L vs. NVDD.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 IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.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 | NVDD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.22 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 41.59 | 2.62 | +38.97 |
| Martin ratioReturn relative to average drawdown | 125.57 | 5.94 | +119.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXL.L | NVDD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 15.90 | 1.22 | +14.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.49 | +0.15 |
Drawdowns
SOXL.L vs. NVDD.L - Drawdown Comparison
The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than NVDD.L's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for SOXL.L and NVDD.L.
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Drawdown Indicators
| SOXL.L | NVDD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -31.35% | -64.31% |
Max Drawdown (1Y)Largest decline over 1 year | -51.95% | -13.56% | -38.39% |
Current DrawdownCurrent decline from peak | -9.76% | -9.99% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -60.63% | -7.31% | -53.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.24% | 6.00% | +11.24% |
Volatility
SOXL.L vs. NVDD.L - Volatility Comparison
Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 57.30% compared to IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) at 10.32%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than NVDD.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 | NVDD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.30% | 10.32% | +46.98% |
Volatility (6M)Calculated over the trailing 6-month period | 104.35% | 20.05% | +84.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.04% | 29.25% | +106.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.56% | 37.07% | +100.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.56% | 37.07% | +100.49% |
SOXL.L vs. NVDD.L - Expense Ratio Comparison
SOXL.L has a 0.75% expense ratio, which is higher than NVDD.L's 0.55% expense ratio.
Dividends
SOXL.L vs. NVDD.L - Dividend Comparison
SOXL.L has not paid dividends to shareholders, while NVDD.L's dividend yield for the trailing twelve months is around 35.08%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP | 35.08% | 44.17% | 13.80% |
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOXL.L and NVDD.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDD.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDD.L is cheaper with a 0.55% expense ratio, compared with 0.75% for SOXL.L.
SOXL.L is categorized as Leveraged Equities, while NVDD.L is Derivative Income. Their fees differ too: 0.75% for SOXL.L and 0.55% for NVDD.L.
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