SOXL.L vs. NVDL

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) and GraniteShares 2x Long NVDA Daily ETF (NVDL).

SOXL.L and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.

Performance

SOXL.L vs. NVDL - 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 GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

SOXL.L vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	18.21%	11.41%	-59.99%
NVDL GraniteShares 2x Long NVDA Daily ETF	-16.23%	32.57%	51.58%

Returns By Period

In the year-to-date period, SOXL.L achieves a 18.21% return, which is significantly higher than NVDL's -16.23% return.

SOXL.L

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

NVDL

• 1D: 1.60%
• 1M: -8.86%
• YTD: -16.23%
• 6M: -21.72%
• 1Y: 92.71%
• 3Y*: 118.73%
• 5Y*: —
• 10Y*: —

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

SOXL.L vs. NVDL - Expense Ratio Comparison

SOXL.L has a 0.75% expense ratio, which is lower than NVDL's 1.15% expense ratio.

NVDL

GraniteShares 2x Long NVDA Daily ETF

SOXL.L

Leverage Shares 4x Long Semiconductors ETP Securities

Return for Risk

SOXL.L vs. NVDL — 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

NVDL

NVDL Risk / Return Rank: 67
NVDL Sharpe Ratio Rank: 63
NVDL Sortino Ratio Rank: 73
NVDL Omega Ratio Rank: 63
NVDL Calmar Ratio Rank: 80
NVDL Martin Ratio Rank: 54

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. NVDL - 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 GraniteShares 2x Long NVDA Daily ETF (NVDL). 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	NVDL	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.14	+0.48
Sortino ratio Return per unit of downside risk	2.33	1.90	+0.43
Omega ratio Gain probability vs. loss probability	1.30	1.24	+0.06
Calmar ratio Return relative to maximum drawdown	4.14	2.30	+1.84
Martin ratio Return relative to average drawdown	11.56	5.52	+6.04
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. NVDL - Sharpe Ratio Comparison

The current SOXL.L Sharpe Ratio is 1.62, which is higher than the NVDL Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of SOXL.L and NVDL, 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	NVDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.14	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	1.59	-1.80

Correlation

The correlation between SOXL.L and NVDL is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SOXL.L vs. NVDL - Dividend Comparison

Neither SOXL.L nor NVDL has paid dividends to shareholders.

	TTM	2025	2024	2023
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	0.00%	0.00%	0.00%	0.00%
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%

Drawdowns

SOXL.L vs. NVDL - Drawdown Comparison

The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for SOXL.L and NVDL.

Drawdown Indicators

	SOXL.L	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-95.66%	-67.55%	-28.11%
Max Drawdown (1Y) Largest decline over 1 year	-59.55%	-42.23%	-17.32%
Current Drawdown Current decline from peak	-66.20%	-34.75%	-31.45%
Average Drawdown Average peak-to-trough decline	-64.19%	-17.05%	-47.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.63%	17.61%	+1.02%

Volatility

SOXL.L vs. NVDL - Volatility Comparison

Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 45.32% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 20.66%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL.L	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.32%	20.66%	+24.66%
Volatility (6M) Calculated over the trailing 6-month period	97.24%	51.42%	+45.82%
Volatility (1Y) Calculated over the trailing 1-year period	136.74%	81.87%	+54.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	131.73%	91.12%	+40.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	131.73%	91.12%	+40.61%