3SLV.DE vs. IGOG.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and IGOG.DE (IncomeShares Alphabet (GOOG) Options ETP) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while IGOG.DE is a Derivative Income fund actively managed by Leverage Shares. 3SLV.DE is passively managed, while IGOG.DE is actively managed. Over the past year, 3SLV.DE returned 139.25% vs 71.52% for IGOG.DE. At a 0.11 correlation, their price movements are largely independent. 3SLV.DE charges 0.75%/yr vs 0.55%/yr for IGOG.DE.
Performance
3SLV.DE vs. IGOG.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 IGOG.DE's 9.57% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
IGOG.DE
- 1D
- 1.94%
- 1M
- -4.41%
- YTD
- 9.57%
- 6M
- 8.69%
- 1Y
- 71.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3SLV.DE vs. IGOG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -68.66% | 826.65% | -11.62% |
IGOG.DE IncomeShares Alphabet (GOOG) Options ETP | 9.57% | 30.32% | 8.41% |
Correlation
The correlation between 3SLV.DE and IGOG.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.11 |
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Return for Risk
3SLV.DE vs. IGOG.DE — Risk / Return Rank
3SLV.DE
IGOG.DE
3SLV.DE vs. IGOG.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 Alphabet (GOOG) Options ETP (IGOG.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 | IGOG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 5.06 | -3.52 |
| Martin ratioReturn relative to average drawdown | 2.76 | 12.75 | -9.99 |
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 | IGOG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.21 | -1.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.01 | -0.65 |
Drawdowns
3SLV.DE vs. IGOG.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, which is greater than IGOG.DE's maximum drawdown of -30.55%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and IGOG.DE.
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Drawdown Indicators
| 3SLV.DE | IGOG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -30.55% | -59.38% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -14.05% | -75.88% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | — | — |
Current DrawdownCurrent decline from peak | -89.11% | -8.21% | -80.90% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -9.40% | -20.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 5.59% | +44.65% |
Volatility
3SLV.DE vs. IGOG.DE - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to IncomeShares Alphabet (GOOG) Options ETP (IGOG.DE) at 7.16%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than IGOG.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 | IGOG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 7.16% | +44.17% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 14.94% | +161.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 32.17% | +137.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 32.37% | +79.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 32.37% | +79.39% |
3SLV.DE vs. IGOG.DE - Expense Ratio Comparison
3SLV.DE has a 0.75% expense ratio, which is higher than IGOG.DE's 0.55% expense ratio.
Dividends
3SLV.DE vs. IGOG.DE - Dividend Comparison
3SLV.DE has not paid dividends to shareholders, while IGOG.DE's dividend yield for the trailing twelve months is around 22.32%.
| Position | TTM | 2025 |
|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | 0.00% | 0.00% |
IGOG.DE IncomeShares Alphabet (GOOG) Options ETP | 22.32% | 11.76% |
Frequently Asked Questions
3SLV.DE and IGOG.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGOG.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGOG.DE is cheaper with a 0.55% expense ratio, compared with 0.75% for 3SLV.DE.
3SLV.DE is categorized as Silver, while IGOG.DE is Derivative Income. Their fees differ too: 0.75% for 3SLV.DE and 0.55% for IGOG.DE.
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