3SIL.L vs. SSLN.L
3SIL.L (WisdomTree Silver 3x Daily Leveraged) and SSLN.L (iShares Physical Silver ETC) are both Silver funds - 3SIL.L tracks the Solactive Silver Commodity Futures SL Index (3x) while SSLN.L tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, 3SIL.L returned -1.65%/yr vs 15.86%/yr for SSLN.L. Their correlation of 0.93 suggests significant overlap in exposure. 3SIL.L charges 0.99%/yr vs 0.20%/yr for SSLN.L.
Performance
3SIL.L vs. SSLN.L - Performance Comparison
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Different Trading Currencies
3SIL.L is traded in USD, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3SIL.L achieves a -58.34% return, which is significantly lower than SSLN.L's 2.93% return. Over the past 10 years, 3SIL.L has underperformed SSLN.L with an annualized return of -1.65%, while SSLN.L has yielded a comparatively higher 15.86% 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%
SSLN.L
- 1D
- 0.53%
- 1M
- 0.32%
- YTD
- 2.93%
- 6M
- 29.26%
- 1Y
- 113.88%
- 3Y*
- 45.97%
- 5Y*
- 21.70%
- 10Y*
- 15.86%
3SIL.L vs. SSLN.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% |
SSLN.L iShares Physical Silver ETC | 2.93% | 147.64% | 21.15% | -1.25% | 3.38% | -12.44% | 45.04% | 17.20% | -8.94% | 3.39% |
Correlation
The correlation between 3SIL.L and SSLN.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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.93 |
The correlation between 3SIL.L and SSLN.L has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
3SIL.L vs. SSLN.L — Risk / Return Rank
3SIL.L
SSLN.L
3SIL.L vs. SSLN.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 (SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.77 | -1.20 |
| Martin ratioReturn relative to average drawdown | 2.86 | 6.05 | -3.19 |
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 | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 2.02 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.62 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.52 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.12 | -0.34 |
Drawdowns
3SIL.L vs. SSLN.L - Drawdown Comparison
The maximum 3SIL.L drawdown since its inception was -99.33%, which is greater than SSLN.L's maximum drawdown of -76.85%. Use the drawdown chart below to compare losses from any high point for 3SIL.L and SSLN.L.
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Drawdown Indicators
| 3SIL.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -76.85% | -22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -89.36% | -40.85% | -48.51% |
Max Drawdown (3Y)Largest decline over 3 years | -89.36% | -40.85% | -48.51% |
Max Drawdown (5Y)Largest decline over 5 years | -89.36% | -40.85% | -48.51% |
Max Drawdown (10Y)Largest decline over 10 years | -92.57% | -43.60% | -48.97% |
Current DrawdownCurrent decline from peak | -95.98% | -35.46% | -60.52% |
Average DrawdownAverage peak-to-trough decline | -94.34% | -53.91% | -40.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.22% | 18.75% | +30.47% |
Volatility
3SIL.L vs. SSLN.L - Volatility Comparison
WisdomTree Silver 3x Daily Leveraged (3SIL.L) has a higher volatility of 55.89% compared to iShares Physical Silver ETC (SSLN.L) at 17.06%. This indicates that 3SIL.L's price experiences larger fluctuations and is considered to be riskier than SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.89% | 17.06% | +38.83% |
Volatility (6M)Calculated over the trailing 6-month period | 179.25% | 53.33% | +125.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 174.29% | 55.93% | +118.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.78% | 35.31% | +74.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.45% | 31.01% | +64.44% |
3SIL.L vs. SSLN.L - Expense Ratio Comparison
3SIL.L has a 0.99% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
3SIL.L vs. SSLN.L - Dividend Comparison
Neither 3SIL.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, 3SIL.L and SSLN.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, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.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 SSLN.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 SSLN.L.
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