3GLD.DE vs. SLVR.DE
3GLD.DE (WisdomTree Gold 3x Daily Leveraged ETC) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - 3GLD.DE is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, 3GLD.DE returned 65.29%/yr vs 45.36%/yr for SLVR.DE. A 0.68 correlation means they provide meaningful diversification when combined. 3GLD.DE charges 0.99%/yr vs 0.49%/yr for SLVR.DE.
Performance
3GLD.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3GLD.DE achieves a -15.27% return, which is significantly lower than SLVR.DE's 1.99% return.
3GLD.DE
- 1D
- 1.90%
- 1M
- -7.93%
- YTD
- -15.27%
- 6M
- -6.33%
- 1Y
- 53.26%
- 3Y*
- 65.29%
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
3GLD.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3GLD.DE WisdomTree Gold 3x Daily Leveraged ETC | -15.27% | 206.38% | 71.41% | 14.79% | 6.89% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | 8.42% |
Correlation
The correlation between 3GLD.DE and SLVR.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.68 |
The correlation between 3GLD.DE and SLVR.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
3GLD.DE vs. SLVR.DE — Risk / Return Rank
3GLD.DE
SLVR.DE
3GLD.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged ETC (3GLD.DE) and WisdomTree Silver (SLVR.DE). 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.
| 3GLD.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.06 | -2.00 |
| Martin ratioReturn relative to average drawdown | 2.35 | 7.37 | -5.02 |
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
| 3GLD.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.85 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.68 | +0.40 |
Drawdowns
3GLD.DE vs. SLVR.DE - Drawdown Comparison
The maximum 3GLD.DE drawdown since its inception was -49.99%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for 3GLD.DE and SLVR.DE.
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Drawdown Indicators
| 3GLD.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.99% | -31.33% | -18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -30.51% | -19.48% |
Max Drawdown (3Y)Largest decline over 3 years | -49.99% | -30.51% | -19.48% |
Current DrawdownCurrent decline from peak | -49.03% | -24.02% | -25.01% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -12.66% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.60% | 12.69% | +9.91% |
Volatility
3GLD.DE vs. SLVR.DE - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged ETC (3GLD.DE) has a higher volatility of 20.93% compared to WisdomTree Silver (SLVR.DE) at 17.06%. This indicates that 3GLD.DE's price experiences larger fluctuations and is considered to be riskier than SLVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GLD.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.93% | 17.06% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 65.70% | 41.25% | +24.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.59% | 50.34% | +23.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.79% | 38.29% | +14.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.79% | 38.29% | +14.50% |
3GLD.DE vs. SLVR.DE - Expense Ratio Comparison
3GLD.DE has a 0.99% expense ratio, which is higher than SLVR.DE's 0.49% expense ratio.
Dividends
3GLD.DE vs. SLVR.DE - Dividend Comparison
Neither 3GLD.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
3GLD.DE and SLVR.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.99% for 3GLD.DE.
3GLD.DE is categorized as Leveraged Commodities, while SLVR.DE is Silver. 3GLD.DE tracks Solactive Gold Commodity Futures SL Index, while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.99% for 3GLD.DE and 0.49% for SLVR.DE.
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