3SLV.DE vs. ONVD.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and ONVD.DE (IncomeShares NVIDIA (NVDA) Options ETP) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while ONVD.DE is a Derivative Income fund actively managed by Leverage Shares. 3SLV.DE is passively managed, while ONVD.DE is actively managed. Over the past year, 3SLV.DE returned 139.25% vs -2.77% for ONVD.DE. At a 0.16 correlation, their price movements are largely independent. 3SLV.DE charges 0.75%/yr vs 0.55%/yr for ONVD.DE.
Performance
3SLV.DE vs. ONVD.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 ONVD.DE's -11.51% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
ONVD.DE
- 1D
- 0.70%
- 1M
- 3.64%
- YTD
- -11.51%
- 6M
- -10.43%
- 1Y
- -2.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3SLV.DE vs. ONVD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -68.66% | 826.65% | -11.62% |
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP | -11.51% | -22.38% | 0.81% |
Correlation
The correlation between 3SLV.DE and ONVD.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.16 |
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Return for Risk
3SLV.DE vs. ONVD.DE — Risk / Return Rank
3SLV.DE
ONVD.DE
3SLV.DE vs. ONVD.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 NVIDIA (NVDA) Options ETP (ONVD.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 | ONVD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.08 | +1.62 |
| Martin ratioReturn relative to average drawdown | 2.76 | -0.14 | +2.90 |
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 | ONVD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.07 | +0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | -0.46 | +0.82 |
Drawdowns
3SLV.DE vs. ONVD.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, which is greater than ONVD.DE's maximum drawdown of -44.31%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and ONVD.DE.
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Drawdown Indicators
| 3SLV.DE | ONVD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -44.31% | -45.62% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -32.80% | -57.13% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | — | — |
Current DrawdownCurrent decline from peak | -89.11% | -36.19% | -52.92% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -25.54% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 19.86% | +30.38% |
Volatility
3SLV.DE vs. ONVD.DE - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) at 10.23%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than ONVD.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 | ONVD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 10.23% | +41.10% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 21.42% | +155.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 38.45% | +131.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 46.36% | +65.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 46.36% | +65.40% |
3SLV.DE vs. ONVD.DE - Expense Ratio Comparison
3SLV.DE has a 0.75% expense ratio, which is higher than ONVD.DE's 0.55% expense ratio.
Dividends
3SLV.DE vs. ONVD.DE - Dividend Comparison
Neither 3SLV.DE nor ONVD.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | 0.00% | 0.00% | 0.00% |
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP | 0.00% | 3.72% | 6.24% |
Frequently Asked Questions
3SLV.DE and ONVD.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ONVD.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ONVD.DE is cheaper with a 0.55% expense ratio, compared with 0.75% for 3SLV.DE.
3SLV.DE is categorized as Silver, while ONVD.DE is Derivative Income. Their fees differ too: 0.75% for 3SLV.DE and 0.55% for ONVD.DE.
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