1Khz sine wave at -3dB in 44.1Khz/24 bit with Waves L2, L3 and Voxengo Elephant2 applied to it. All three processors are set to 6dB of limiting (effectively 3dB of limiting to the sine wave). Dither and noise shaping is off on all of them. Voxengo Elephant2 is set to zero, two and four times oversampling.

Original Sine Wave
Original Sine Wave

Waves L2
Waves L2

Waves L3
Waves L3

Voxengo Elephant2 zero times over sampling
Voxengo Elephant2 0 x OS

Voxengo Elephant2 two times over sampling
Voxengo Elephant2 2 x OS

Voxengo Elephant2 four times over sampling
Voxengo Elephant2 4 x OS