3SIL.L vs. ISLN.L
3SIL.L (WisdomTree Silver 3x Daily Leveraged) and ISLN.L (iShares Physical Silver ETC) are both Silver funds - 3SIL.L tracks the Solactive Silver Commodity Futures SL Index (3x) while ISLN.L tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, 3SIL.L returned -1.65%/yr vs 15.84%/yr for ISLN.L. With a 0.98 correlation, they move nearly in lockstep. 3SIL.L charges 0.99%/yr vs 0.20%/yr for ISLN.L.
Performance
3SIL.L vs. ISLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3SIL.L achieves a -58.34% return, which is significantly lower than ISLN.L's 2.87% return. Over the past 10 years, 3SIL.L has underperformed ISLN.L with an annualized return of -1.65%, while ISLN.L has yielded a comparatively higher 15.84% annualized return.
3SIL.L
- 1D
- 0.90%
- 1M
- -7.85%
- YTD
- -58.34%
- 6M
- -31.50%
- 1Y
- 141.28%
- 3Y*
- 48.06%
- 5Y*
- 0.53%
- 10Y*
- -1.65%
ISLN.L
- 1D
- 0.43%
- 1M
- 0.11%
- YTD
- 2.87%
- 6M
- 29.09%
- 1Y
- 113.78%
- 3Y*
- 45.97%
- 5Y*
- 21.30%
- 10Y*
- 15.84%
3SIL.L vs. ISLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3SIL.L WisdomTree Silver 3x Daily Leveraged | -58.34% | 692.77% | 16.75% | -30.27% | -22.02% | -53.86% | 43.62% | 27.24% | -36.45% | -5.75% |
ISLN.L iShares Physical Silver ETC | 2.87% | 147.59% | 21.12% | -0.77% | 3.39% | -12.85% | 45.85% | 16.35% | -8.76% | 3.68% |
Correlation
The correlation between 3SIL.L and ISLN.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.98 |
The correlation between 3SIL.L and ISLN.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
3SIL.L vs. ISLN.L — Risk / Return Rank
3SIL.L
ISLN.L
3SIL.L vs. ISLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver 3x Daily Leveraged (3SIL.L) 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.
| 3SIL.L | ISLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.78 | -1.21 |
| Martin ratioReturn relative to average drawdown | 2.86 | 6.08 | -3.23 |
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
| 3SIL.L | ISLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.99 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.60 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.51 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.12 | -0.34 |
Drawdowns
3SIL.L vs. ISLN.L - Drawdown Comparison
The maximum 3SIL.L drawdown since its inception was -99.33%, which is greater than ISLN.L's maximum drawdown of -76.63%. Use the drawdown chart below to compare losses from any high point for 3SIL.L and ISLN.L.
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Drawdown Indicators
| 3SIL.L | ISLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -76.63% | -22.70% |
Max Drawdown (1Y)Largest decline over 1 year | -89.36% | -40.67% | -48.69% |
Max Drawdown (3Y)Largest decline over 3 years | -89.36% | -40.67% | -48.69% |
Max Drawdown (5Y)Largest decline over 5 years | -89.36% | -40.67% | -48.69% |
Max Drawdown (10Y)Largest decline over 10 years | -92.57% | -42.90% | -49.67% |
Current DrawdownCurrent decline from peak | -95.98% | -35.25% | -60.73% |
Average DrawdownAverage peak-to-trough decline | -94.34% | -54.28% | -40.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.22% | 18.63% | +30.59% |
Volatility
3SIL.L vs. ISLN.L - Volatility Comparison
WisdomTree Silver 3x Daily Leveraged (3SIL.L) has a higher volatility of 55.89% compared to iShares Physical Silver ETC (ISLN.L) at 17.61%. This indicates that 3SIL.L'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
| 3SIL.L | ISLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.89% | 17.61% | +38.28% |
Volatility (6M)Calculated over the trailing 6-month period | 179.25% | 54.22% | +125.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 174.29% | 56.90% | +117.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.78% | 35.49% | +74.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.45% | 30.92% | +64.53% |
3SIL.L vs. ISLN.L - Expense Ratio Comparison
3SIL.L has a 0.99% expense ratio, which is higher than ISLN.L's 0.20% expense ratio.
Dividends
3SIL.L vs. ISLN.L - Dividend Comparison
Neither 3SIL.L nor ISLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, 3SIL.L and ISLN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.99% for 3SIL.L.
3SIL.L tracks Solactive Silver Commodity Futures SL Index (3x), while ISLN.L tracks LBMA Silver Price. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.99% for 3SIL.L and 0.20% for ISLN.L.
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