TDAX vs. SOXL.L

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and SOXL.L (Leverage Shares 4x Long Semiconductors ETP Securities) are both Leveraged Equities funds. TDAX is actively managed, while SOXL.L is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. TDAX charges 0.98%/yr vs 0.75%/yr for SOXL.L.

Performance

TDAX vs. SOXL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDAX

• 1D: -0.07%
• 1M: 13.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL.L

• 1D: 10.01%
• 1M: 168.10%
• YTD: 895.51%
• 6M: 832.48%
• 1Y: 2,634.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDAX vs. SOXL.L - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	686.27%

Correlation

The correlation between TDAX and SOXL.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.67

Return for Risk

TDAX vs. SOXL.L — 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: 97
SOXL.L Sharpe Ratio Rank: 100
SOXL.L Sortino Ratio Rank: 95
SOXL.L Omega Ratio Rank: 93
SOXL.L Calmar Ratio Rank: 99
SOXL.L Martin Ratio Rank: 99

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.

TDAX vs. SOXL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) and Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.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

	TDAX	SOXL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	19.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	0.71	+1.94

Drawdowns

TDAX vs. SOXL.L - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum SOXL.L drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for TDAX and SOXL.L.

Drawdown Indicators

	TDAX	SOXL.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-95.66%	+80.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-51.95%	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.71%	-60.72%	+57.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.23%	—

Volatility

Volatility by Period

	TDAX	SOXL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	56.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	103.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	136.05%	-112.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	137.50%	-113.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	137.50%	-113.79%

TDAX vs. SOXL.L - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than SOXL.L's 0.75% expense ratio.

Dividends

TDAX vs. SOXL.L - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, while SOXL.L has not paid dividends to shareholders.

Position	TTM
SOXL.L Leverage Shares 4x Long Semiconductors ETP Securities	0.00%
TDAX TDAQ Lift ETF	7.40%

Frequently Asked Questions

Can I hold both TDAX and SOXL.L in my portfolio?

TDAX and SOXL.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDAX or SOXL.L?

On fees, SOXL.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAX or SOXL.L?

SOXL.L is cheaper with a 0.75% expense ratio, compared with 0.98% for TDAX.

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

They also come from different issuers: TappAlpha and Leverage Shares. Their fees differ too: 0.98% for TDAX and 0.75% for SOXL.L.