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 44.22%/yr vs 38.58%/yr for XAGUSD=X. A 0.74 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 -68.66% return, which is significantly lower than XAGUSD=X's -3.90% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -18.94%
- YTD
- -68.66%
- 6M
- -35.66%
- 1Y
- 116.39%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
XAGUSD=X
- 1D
- -7.55%
- 1M
- -10.68%
- YTD
- -3.90%
- 6M
- 17.45%
- 1Y
- 88.41%
- 3Y*
- 38.58%
- 5Y*
- 20.77%
- 10Y*
- 15.10%
3SLV.DE vs. XAGUSD=X - 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% |
XAGUSD=X Silver Spot Price US Dollar | -3.90% | 119.01% | 29.62% | -3.76% | 15.29% |
Correlation
The correlation between 3SLV.DE and XAGUSD=X is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.74 |
The correlation between 3SLV.DE and XAGUSD=X has been stable across timeframes, ranging from 0.64 to 0.74 - 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.
| 3SLV.DE | XAGUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.58 | -0.04 |
| Martin ratioReturn relative to average drawdown | 2.76 | 3.48 | -0.72 |
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 | XAGUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.27 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.34 | +0.02 |
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.
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Drawdown Indicators
| 3SLV.DE | XAGUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -66.52% | -23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -42.17% | -47.76% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | -42.17% | -47.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.17% | — |
Current DrawdownCurrent decline from peak | -89.11% | -39.83% | -49.28% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -34.78% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 21.26% | +28.98% |
Volatility
3SLV.DE vs. XAGUSD=X - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to Silver Spot Price US Dollar (XAGUSD=X) at 14.96%. 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 | 51.33% | 14.96% | +36.37% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 54.51% | +122.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 52.39% | +117.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 33.14% | +78.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 29.60% | +82.16% |
Frequently Asked Questions
3SLV.DE and XAGUSD=X have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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