3SLV.DE vs. 3JPN.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares. 3SLV.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, 3SLV.DE returned 44.22%/yr vs 20.30%/yr for 3JPN.DE. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3SLV.DE vs. 3JPN.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 3JPN.DE's 37.51% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
3JPN.DE
- 1D
- -0.77%
- 1M
- 15.49%
- YTD
- 37.51%
- 6M
- 33.89%
- 1Y
- 68.56%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
3SLV.DE vs. 3JPN.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% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
Correlation
The correlation between 3SLV.DE and 3JPN.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.26 |
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Return for Risk
3SLV.DE vs. 3JPN.DE — Risk / Return Rank
3SLV.DE
3JPN.DE
3SLV.DE vs. 3JPN.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 Japan ETP Securities (3JPN.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 | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.96 | -0.43 |
| Martin ratioReturn relative to average drawdown | 2.76 | 5.61 | -2.85 |
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 | 3JPN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.13 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.50 | -0.14 |
Drawdowns
3SLV.DE vs. 3JPN.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, which is greater than 3JPN.DE's maximum drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and 3JPN.DE.
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Drawdown Indicators
| 3SLV.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -51.65% | -38.28% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -34.71% | -55.22% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | -51.65% | -38.28% |
Current DrawdownCurrent decline from peak | -89.11% | -7.07% | -82.04% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -14.56% | -14.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 12.19% | +38.05% |
Volatility
3SLV.DE vs. 3JPN.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 Japan ETP Securities (3JPN.DE) at 11.68%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than 3JPN.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 | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 11.68% | +39.65% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 48.68% | +128.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 60.28% | +109.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 52.77% | +58.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 52.77% | +58.99% |
3SLV.DE vs. 3JPN.DE - Expense Ratio Comparison
Both 3SLV.DE and 3JPN.DE have an expense ratio of 0.75%.
Dividends
3SLV.DE vs. 3JPN.DE - Dividend Comparison
Neither 3SLV.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
3SLV.DE and 3JPN.DE have a correlation of 0.32, 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 3JPN.DE have the same expense ratio: 0.75% per year.
3SLV.DE is categorized as Silver, while 3JPN.DE is Leveraged Equities.
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