3SLV.DE vs. XAGUSD=X
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) is Silver fund tracking the iShares Silver Trust (3x), while XAGUSD=X (Silver Spot Price US Dollar) is a currency. Over the past 3 years, 3SLV.DE returned 3.38%/yr vs 31.20%/yr for XAGUSD=X. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
3SLV.DE vs. XAGUSD=X - Performance Comparison
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Different Trading Currencies
3SLV.DE is traded in EUR, while XAGUSD=X is traded in USD. To make them comparable, the XAGUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3SLV.DE achieves a -87.77% return, which is significantly lower than XAGUSD=X's -18.24% return.
3SLV.DE
- 1D
- 0.00%
- 1M
- -39.23%
- 6M
- -92.83%
- YTD
- -87.77%
- 1Y
- -27.33%
- 3Y*
- 3.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.20%
XAGUSD=X
- 1D
- 0.12%
- 1M
- -11.49%
- 6M
- -38.29%
- YTD
- -18.24%
- 1Y
- 52.08%
- 3Y*
- 31.20%
- 5Y*
- 18.48%
- 10Y*
- 10.82%
- ALL TIME*
- 9.17%
3SLV.DE vs. XAGUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -87.77% | 826.65% | 26.88% | -33.46% | 41.57% |
XAGUSD=X Silver Spot Price US Dollar | -18.24% | 119.01% | 29.62% | -3.76% | 14.37% |
Correlation
The correlation between 3SLV.DE and XAGUSD=X is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.73 |
The correlation between 3SLV.DE and XAGUSD=X has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
3SLV.DE vs. XAGUSD=X — Risk / Return Rank
3SLV.DE
XAGUSD=X
3SLV.DE vs. XAGUSD=X - 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 Silver Spot Price US Dollar (XAGUSD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3SLV.DE | XAGUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.80 | -1.08 |
| Martin ratioReturn relative to average drawdown | -0.46 | 1.63 | -2.08 |
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Drawdowns
3SLV.DE vs. XAGUSD=X - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -95.75%, which is greater than XAGUSD=X's maximum drawdown of -66.52%. Use the drawdown chart below to compare losses from any high point for 3SLV.DE and XAGUSD=X.
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Drawdown Indicators
| 3SLV.DE | XAGUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -66.52% | -29.23% |
Max Drawdown (1Y)Largest decline over 1 year | -95.75% | -50.40% | -45.35% |
Max Drawdown (3Y)Largest decline over 3 years | -95.75% | -50.40% | -45.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.40% | — |
Current DrawdownCurrent decline from peak | -95.75% | -48.81% | -46.94% |
Average DrawdownAverage peak-to-trough decline | -31.46% | -35.11% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.06% | 27.49% | +32.57% |
Volatility
3SLV.DE vs. XAGUSD=X - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 39.15% compared to Silver Spot Price US Dollar (XAGUSD=X) at 9.26%. This indicates that 3SLV.DE's price experiences larger fluctuations and is considered to be riskier than XAGUSD=X 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 | XAGUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.15% | 9.26% | +29.89% |
Volatility (6M)Calculated over the trailing 6-month period | 173.60% | 32.56% | +141.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 178.27% | 53.83% | +124.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.72% | 33.63% | +80.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.72% | 29.77% | +83.95% |
Frequently Asked Questions
3SLV.DE and XAGUSD=X have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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