3SLV.DE vs. DSPY.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and DSPY.DE (IncomeShares S&P500 Options (0DTE) ETP EUR) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while DSPY.DE is a Derivative Income fund actively managed by Leverage Shares. 3SLV.DE is passively managed, while DSPY.DE is actively managed. Over the past year, 3SLV.DE returned 139.25% vs 8.77% for DSPY.DE. At a 0.08 correlation, their price movements are largely independent. 3SLV.DE charges 0.75%/yr vs 0.45%/yr for DSPY.DE.
Performance
3SLV.DE vs. DSPY.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 DSPY.DE's -2.42% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
DSPY.DE
- 1D
- 0.02%
- 1M
- 3.51%
- YTD
- -2.42%
- 6M
- -2.34%
- 1Y
- 8.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3SLV.DE vs. DSPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -68.66% | 826.65% | -11.62% |
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | -2.42% | 2.89% | -0.22% |
Correlation
The correlation between 3SLV.DE and DSPY.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.08 |
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Return for Risk
3SLV.DE vs. DSPY.DE — Risk / Return Rank
3SLV.DE
DSPY.DE
3SLV.DE vs. DSPY.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 IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.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 | DSPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.36 | +1.18 |
| Martin ratioReturn relative to average drawdown | 2.76 | 0.69 | +2.07 |
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 | DSPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.35 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.01 | +0.36 |
Drawdowns
3SLV.DE vs. DSPY.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, which is greater than DSPY.DE's maximum drawdown of -24.16%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and DSPY.DE.
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Drawdown Indicators
| 3SLV.DE | DSPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -24.16% | -65.77% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -24.16% | -65.77% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | — | — |
Current DrawdownCurrent decline from peak | -89.11% | -14.79% | -74.32% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -10.51% | -18.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 12.62% | +37.62% |
Volatility
3SLV.DE vs. DSPY.DE - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) at 2.12%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than DSPY.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 | DSPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 2.12% | +49.21% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 9.28% | +167.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 24.89% | +144.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 23.01% | +88.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 23.01% | +88.75% |
3SLV.DE vs. DSPY.DE - Expense Ratio Comparison
3SLV.DE has a 0.75% expense ratio, which is higher than DSPY.DE's 0.45% expense ratio.
Dividends
3SLV.DE vs. DSPY.DE - Dividend Comparison
3SLV.DE has not paid dividends to shareholders, while DSPY.DE's dividend yield for the trailing twelve months is around 34.25%.
| Position | TTM | 2025 |
|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | 0.00% | 0.00% |
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | 34.25% | 87.09% |
Frequently Asked Questions
3SLV.DE and DSPY.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DSPY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DSPY.DE is cheaper with a 0.45% expense ratio, compared with 0.75% for 3SLV.DE.
3SLV.DE is categorized as Silver, while DSPY.DE is Derivative Income. Their fees differ too: 0.75% for 3SLV.DE and 0.45% for DSPY.DE.
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