3SLV.DE vs. 3DAX.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and 3DAX.DE (Leverage Shares 3x Long Germany 40 ETP Securities) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while 3DAX.DE is a Leveraged Equities fund actively managed by Leverage Shares. 3SLV.DE is passively managed, while 3DAX.DE is actively managed. Over the past 3 years, 3SLV.DE returned 44.22%/yr vs 23.51%/yr for 3DAX.DE. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3SLV.DE vs. 3DAX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SLV.DE achieves a -68.66% return, which is significantly lower than 3DAX.DE's -5.90% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
3DAX.DE
- 1D
- 1.36%
- 1M
- 3.74%
- YTD
- -5.90%
- 6M
- 0.38%
- 1Y
- -13.88%
- 3Y*
- 23.51%
- 5Y*
- —
- 10Y*
- —
3SLV.DE vs. 3DAX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -68.66% | 826.65% | 26.88% | -33.46% | 45.09% |
3DAX.DE Leverage Shares 3x Long Germany 40 ETP Securities | -5.90% | 42.11% | 35.80% | 43.45% | 10.85% |
Correlation
The correlation between 3SLV.DE and 3DAX.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.24 |
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Return for Risk
3SLV.DE vs. 3DAX.DE — Risk / Return Rank
3SLV.DE
3DAX.DE
3SLV.DE vs. 3DAX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) and Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.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.
| 3SLV.DE | 3DAX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.99 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.39 | +1.93 |
| Martin ratioReturn relative to average drawdown | 2.76 | -0.95 | +3.71 |
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
| 3SLV.DE | 3DAX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.29 | +1.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.70 | -0.34 |
Drawdowns
3SLV.DE vs. 3DAX.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, which is greater than 3DAX.DE's maximum drawdown of -42.58%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and 3DAX.DE.
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Drawdown Indicators
| 3SLV.DE | 3DAX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -42.58% | -47.35% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -35.67% | -54.26% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | -42.58% | -47.35% |
Current DrawdownCurrent decline from peak | -89.11% | -15.47% | -73.64% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -9.33% | -20.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 14.56% | +35.68% |
Volatility
3SLV.DE vs. 3DAX.DE - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to Leverage Shares 3x Long Germany 40 ETP Securities (3DAX.DE) at 15.69%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than 3DAX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3SLV.DE | 3DAX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 15.69% | +35.64% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 38.30% | +138.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 47.44% | +122.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 46.80% | +64.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 46.80% | +64.96% |
3SLV.DE vs. 3DAX.DE - Expense Ratio Comparison
Both 3SLV.DE and 3DAX.DE have an expense ratio of 0.75%.
Dividends
3SLV.DE vs. 3DAX.DE - Dividend Comparison
Neither 3SLV.DE nor 3DAX.DE has paid dividends to shareholders.
Frequently Asked Questions
3SLV.DE and 3DAX.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3SLV.DE and 3DAX.DE have the same expense ratio: 0.75% per year.
3SLV.DE is categorized as Silver, while 3DAX.DE is Leveraged Equities.
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