SOXL.L vs. TQQQ
Compare and contrast key facts about Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) and ProShares UltraPro QQQ (TQQQ).
SOXL.L and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both SOXL.L and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SOXL.L vs. TQQQ - Performance Comparison
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SOXL.L vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities | 18.21% | 11.41% | -59.99% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 30.20% |
Returns By Period
In the year-to-date period, SOXL.L achieves a 18.21% return, which is significantly higher than TQQQ's -17.87% return.
SOXL.L
- 1D
- 27.69%
- 1M
- -19.65%
- YTD
- 18.21%
- 6M
- 40.09%
- 1Y
- 222.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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SOXL.L vs. TQQQ - Expense Ratio Comparison
SOXL.L has a 0.75% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Return for Risk
SOXL.L vs. TQQQ — Risk / Return Rank
SOXL.L
TQQQ
SOXL.L vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 0.72 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.33 | 1.41 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.14 | 1.41 | +2.74 |
Martin ratioReturn relative to average drawdown | 11.56 | 4.28 | +7.27 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 0.72 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.65 | -0.85 |
Correlation
The correlation between SOXL.L and TQQQ is 0.58, 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. TQQQ - Dividend Comparison
SOXL.L has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.73%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
SOXL.L vs. TQQQ - Drawdown Comparison
The maximum SOXL.L drawdown since its inception was -95.66%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SOXL.L and TQQQ.
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Drawdown Indicators
| SOXL.L | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -81.66% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -59.55% | -36.97% | -22.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -66.20% | -28.08% | -38.12% |
Average DrawdownAverage peak-to-trough decline | -64.19% | -18.66% | -45.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.63% | 12.13% | +6.50% |
Volatility
SOXL.L vs. TQQQ - Volatility Comparison
Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) has a higher volatility of 45.32% compared to ProShares UltraPro QQQ (TQQQ) at 19.74%. This indicates that SOXL.L's price experiences larger fluctuations and is considered to be riskier than TQQQ 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 | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.32% | 19.74% | +25.58% |
Volatility (6M)Calculated over the trailing 6-month period | 97.24% | 38.50% | +58.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.74% | 67.35% | +69.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.73% | 66.53% | +65.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.73% | 65.83% | +65.90% |