3SLV.DE vs. XAGUSD=X

Last updated Apr 3, 2026

Compare and contrast key facts about Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) and Silver Spot Price US Dollar (XAGUSD=X).

3SLV.DE is an actively managed fund by Leverage Shares. It was launched on Jun 9, 2022.

Performance

3SLV.DE vs. XAGUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) and Silver Spot Price US Dollar (XAGUSD=X). The values are adjusted to include any dividend payments, if applicable.

3SLV.DE vs. XAGUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3SLV.DE Leverage Shares 3x Long Silver ETP Securities	-65.76%	826.65%	26.88%	-33.46%	45.09%
XAGUSD=X Silver Spot Price US Dollar	3.36%	119.01%	29.62%	-3.76%	15.29%

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 -65.76% return, which is significantly lower than XAGUSD=X's 3.36% return.

3SLV.DE

• 1D: -13.00%
• 1M: -41.18%
• YTD: -65.76%
• 6M: 25.36%
• 1Y: 134.52%
• 3Y*: 43.47%
• 5Y*: —
• 10Y*: —

XAGUSD=X

• 1D: -2.53%
• 1M: -10.60%
• YTD: 3.36%
• 6M: 57.53%
• 1Y: 101.65%
• 3Y*: 42.11%
• 5Y*: 24.71%
• 10Y*: 17.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

3SLV.DE vs. XAGUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3SLV.DE

3SLV.DE Risk / Return Rank: 62
3SLV.DE Sharpe Ratio Rank: 41
3SLV.DE Sortino Ratio Rank: 75
3SLV.DE Omega Ratio Rank: 80
3SLV.DE Calmar Ratio Rank: 69
3SLV.DE Martin Ratio Rank: 47

XAGUSD=X

XAGUSD=X Risk / Return Rank: 91
XAGUSD=X Sharpe Ratio Rank: 96
XAGUSD=X Sortino Ratio Rank: 89
XAGUSD=X Omega Ratio Rank: 96
XAGUSD=X Calmar Ratio Rank: 87
XAGUSD=X Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	3SLV.DE	XAGUSD=X	Difference
Sharpe ratio Return per unit of total volatility	0.82	1.50	-0.67
Sortino ratio Return per unit of downside risk	2.01	1.79	+0.22
Omega ratio Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio Return relative to maximum drawdown	2.11	2.40	-0.29
Martin ratio Return relative to average drawdown	5.32	6.93	-1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3SLV.DE vs. XAGUSD=X - Sharpe Ratio Comparison

The current 3SLV.DE Sharpe Ratio is 0.82, which is lower than the XAGUSD=X Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of 3SLV.DE and XAGUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3SLV.DE	XAGUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.50	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.33	+0.09

Correlation

The correlation between 3SLV.DE and XAGUSD=X is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

3SLV.DE vs. XAGUSD=X - Drawdown Comparison

The maximum 3SLV.DE drawdown since its inception was -89.93%, 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.

Drawdown Indicators

	3SLV.DE	XAGUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-89.93%	-75.36%	-14.57%
Max Drawdown (1Y) Largest decline over 1 year	-89.93%	-44.14%	-45.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.14%	—
Current Drawdown Current decline from peak	-88.10%	-37.54%	-50.56%
Average Drawdown Average peak-to-trough decline	-26.78%	-44.41%	+17.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.75%	15.39%	+20.36%

Volatility

3SLV.DE vs. XAGUSD=X - Volatility Comparison

Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 56.56% compared to Silver Spot Price US Dollar (XAGUSD=X) at 15.42%. 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.

Volatility by Period

	3SLV.DE	XAGUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	56.56%	15.42%	+41.14%
Volatility (6M) Calculated over the trailing 6-month period	172.13%	55.25%	+116.88%
Volatility (1Y) Calculated over the trailing 1-year period	162.37%	50.92%	+111.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.47%	32.25%	+77.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.47%	29.08%	+80.39%