SOXL vs. ISLN.L
SOXL (Direxion Daily Semiconductor Bull 3X ETF) and ISLN.L (iShares Physical Silver ETC) are both exchange-traded funds - SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index, while ISLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SOXL returned 63.20%/yr vs 14.26%/yr for ISLN.L. At a 0.10 correlation, their price movements are largely independent. SOXL charges 0.75%/yr vs 0.20%/yr for ISLN.L.
Performance
SOXL vs. ISLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SOXL achieves a 458.36% return, which is significantly higher than ISLN.L's -5.58% return. Over the past 10 years, SOXL has outperformed ISLN.L with an annualized return of 63.20%, while ISLN.L has yielded a comparatively lower 14.26% annualized return.
SOXL
- 1D
- 4.77%
- 1M
- 26.04%
- YTD
- 458.36%
- 6M
- 462.65%
- 1Y
- 1,075.10%
- 3Y*
- 110.81%
- 5Y*
- 43.69%
- 10Y*
- 63.20%
ISLN.L
- 1D
- 5.80%
- 1M
- -20.59%
- YTD
- -5.58%
- 6M
- 9.90%
- 1Y
- 86.37%
- 3Y*
- 41.38%
- 5Y*
- 19.06%
- 10Y*
- 14.26%
SOXL vs. ISLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 458.36% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
ISLN.L iShares Physical Silver ETC | -5.58% | 147.62% | 21.10% | -0.76% | 3.39% | -12.85% | 45.85% | 16.36% | -8.76% | 3.66% |
Correlation
The correlation between SOXL and ISLN.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.10 |
The correlation between SOXL and ISLN.L shifts across timeframes, from 0.10 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOXL vs. ISLN.L — Risk / Return Rank
SOXL
ISLN.L
SOXL vs. ISLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) and iShares Physical Silver ETC (ISLN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOXL | ISLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.29 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 22.91 | 1.96 | +20.96 |
| Martin ratioReturn relative to average drawdown | 74.51 | 4.36 | +70.15 |
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Drawdowns
SOXL vs. ISLN.L - Drawdown Comparison
The maximum SOXL drawdown since its inception was -90.46%, which is greater than ISLN.L's maximum drawdown of -76.69%. Use the drawdown chart below to compare losses from any high point for SOXL and ISLN.L.
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Drawdown Indicators
| SOXL | ISLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -76.69% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -43.47% | -43.83% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -87.88% | -43.83% | -44.05% |
Max Drawdown (5Y)Largest decline over 5 years | -90.46% | -43.83% | -46.63% |
Max Drawdown (10Y)Largest decline over 10 years | -90.46% | -43.83% | -46.63% |
Current DrawdownCurrent decline from peak | -16.35% | -40.57% | +24.22% |
Average DrawdownAverage peak-to-trough decline | -34.99% | -53.73% | +18.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.35% | 19.70% | -6.35% |
Volatility
SOXL vs. ISLN.L - Volatility Comparison
Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to iShares Physical Silver ETC (ISLN.L) at 15.90%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than ISLN.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 | ISLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.17% | 15.90% | +42.27% |
Volatility (6M)Calculated over the trailing 6-month period | 93.93% | 54.92% | +39.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.81% | 57.77% | +53.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.96% | 35.79% | +73.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.99% | 31.08% | +68.91% |
SOXL vs. ISLN.L - Expense Ratio Comparison
SOXL has a 0.75% expense ratio, which is higher than ISLN.L's 0.20% expense ratio.
Dividends
SOXL vs. ISLN.L - Dividend Comparison
SOXL's dividend yield for the trailing twelve months is around 0.03%, while ISLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
SOXL and ISLN.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISLN.L is cheaper with a 0.20% expense ratio, compared with 0.75% for SOXL.
SOXL is categorized as Leveraged Equities, while ISLN.L is Silver. SOXL tracks ICE Semiconductor Index, while ISLN.L tracks LBMA Silver Price. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.75% for SOXL and 0.20% for ISLN.L.
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