3SLV.DE vs. M9SD.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while M9SD.DE is a Precious Metals fund tracking the NYSE Arca Gold BUGS. Both are passively managed. Over the past 3 years, 3SLV.DE returned 44.22%/yr vs 40.66%/yr for M9SD.DE. A 0.73 correlation means they provide meaningful diversification when combined. 3SLV.DE charges 0.75%/yr vs 0.65%/yr for M9SD.DE.
Performance
3SLV.DE vs. M9SD.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 M9SD.DE's 3.74% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
M9SD.DE
- 1D
- 1.07%
- 1M
- 1.31%
- YTD
- 3.74%
- 6M
- 11.49%
- 1Y
- 70.45%
- 3Y*
- 40.66%
- 5Y*
- 20.23%
- 10Y*
- 12.24%
3SLV.DE vs. M9SD.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% |
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | 3.74% | 130.74% | 20.64% | 2.95% | 10.00% |
Correlation
The correlation between 3SLV.DE and M9SD.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.73 |
The correlation between 3SLV.DE and M9SD.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
3SLV.DE vs. M9SD.DE — Risk / Return Rank
3SLV.DE
M9SD.DE
3SLV.DE vs. M9SD.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 Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.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 | M9SD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.56 | -1.02 |
| Martin ratioReturn relative to average drawdown | 2.76 | 6.47 | -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 | M9SD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.65 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.12 | +0.24 |
Drawdowns
3SLV.DE vs. M9SD.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, which is greater than M9SD.DE's maximum drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and M9SD.DE.
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Drawdown Indicators
| 3SLV.DE | M9SD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -80.12% | -9.81% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -27.35% | -62.58% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | -27.35% | -62.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.80% | — |
Current DrawdownCurrent decline from peak | -89.11% | -22.37% | -66.74% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -42.59% | +13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 10.84% | +39.40% |
Volatility
3SLV.DE vs. M9SD.DE - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) at 13.40%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than M9SD.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 | M9SD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 13.40% | +37.93% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 33.87% | +142.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 42.57% | +127.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 34.36% | +77.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 34.73% | +77.03% |
3SLV.DE vs. M9SD.DE - Expense Ratio Comparison
3SLV.DE has a 0.75% expense ratio, which is higher than M9SD.DE's 0.65% expense ratio.
Dividends
3SLV.DE vs. M9SD.DE - Dividend Comparison
Neither 3SLV.DE nor M9SD.DE has paid dividends to shareholders.
Frequently Asked Questions
3SLV.DE and M9SD.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M9SD.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M9SD.DE is cheaper with a 0.65% expense ratio, compared with 0.75% for 3SLV.DE.
3SLV.DE is categorized as Silver, while M9SD.DE is Precious Metals. 3SLV.DE tracks iShares Silver Trust (3x), while M9SD.DE tracks NYSE Arca Gold BUGS. They also come from different issuers: Leverage Shares and China Post Global. Their fees differ too: 0.75% for 3SLV.DE and 0.65% for M9SD.DE.
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