SOXL.L vs. SMGB.L

Last updated Jun 6, 2026

SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) and SMGB.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - SOXL.L is a Leveraged Equities fund tracking the NYSE Semiconductor Index, while SMGB.L is a Semiconductors fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. SOXL.L charges 0.75%/yr vs 0.35%/yr for SMGB.L.

Performance

SOXL.L vs. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOXL.L is traded in USD, while SMGB.L is traded in GBP. To make them comparable, the SMGB.L values have been converted to USD using the latest available exchange rates.

Returns By Period

SOXL.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMGB.L

• 1D: -5.78%
• 1M: 9.72%
• YTD: 74.34%
• 6M: 73.58%
• 1Y: 151.91%
• 3Y*: 57.95%
• 5Y*: 35.21%
• 10Y*: —

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

Return for Risk

SOXL.L vs. SMGB.L — Risk / Return Rank

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

SMGB.L

SMGB.L Risk / Return Rank: 97
SMGB.L Sharpe Ratio Rank: 98
SMGB.L Sortino Ratio Rank: 96
SMGB.L Omega Ratio Rank: 95
SMGB.L Calmar Ratio Rank: 98
SMGB.L Martin Ratio Rank: 97

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. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SOXL.L	SMGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.12	—

Drawdowns

Drawdown Indicators

	SOXL.L	SMGB.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-45.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.92%	—
Current Drawdown Current decline from peak	—	-8.08%	—
Average Drawdown Average peak-to-trough decline	—	-11.33%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.83%	—

Volatility

Volatility by Period

	SOXL.L	SMGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.58%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	32.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.95%	—

SOXL.L vs. SMGB.L - Expense Ratio Comparison

SOXL.L has a 0.75% expense ratio, which is higher than SMGB.L's 0.35% expense ratio.

Dividends

SOXL.L vs. SMGB.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, SOXL.L or SMGB.L?

On fees, SMGB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOXL.L or SMGB.L?

SMGB.L is cheaper with a 0.35% expense ratio, compared with 0.75% for SOXL.L.

What is the main difference between SOXL.L and SMGB.L?

SOXL.L is categorized as Leveraged Equities, while SMGB.L is Semiconductors. SOXL.L tracks NYSE Semiconductor Index, while SMGB.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Leverage Shares and VanEck. Their fees differ too: 0.75% for SOXL.L and 0.35% for SMGB.L.