CPXR vs. 3SIL.L

Last updated Jun 4, 2026

CPXR (USCF Daily Target 2X Copper Index ETF) and 3SIL.L (WisdomTree Silver 3x Daily Leveraged) are both exchange-traded funds - CPXR is a Leveraged Commodities fund tracking the SummerHaven Copper Index, while 3SIL.L is a Silver fund tracking the Solactive Silver Commodity Futures SL Index (3x). Both are passively managed. Over the past year, CPXR returned 37.97% vs 137.92% for 3SIL.L. At a 0.47 correlation, their price movements are largely independent. CPXR charges 1.20%/yr vs 0.99%/yr for 3SIL.L.

Performance

CPXR vs. 3SIL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Daily Target 2X Copper Index ETF (CPXR) and WisdomTree Silver 3x Daily Leveraged (3SIL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPXR achieves a 21.61% return, which is significantly higher than 3SIL.L's -58.71% return.

CPXR

• 1D: -5.10%
• 1M: 21.98%
• YTD: 21.61%
• 6M: 34.31%
• 1Y: 37.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

3SIL.L

• 1D: -10.10%
• 1M: -17.79%
• YTD: -58.71%
• 6M: -38.25%
• 1Y: 137.92%
• 3Y*: 46.56%
• 5Y*: 0.35%
• 10Y*: -1.58%

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

CPXR vs. 3SIL.L - Yearly Performance Comparison

	2026 (YTD)	2025
CPXR USCF Daily Target 2X Copper Index ETF	21.61%	36.03%
3SIL.L WisdomTree Silver 3x Daily Leveraged	-58.71%	561.10%

Correlation

The correlation between CPXR and 3SIL.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.47

Return for Risk

CPXR vs. 3SIL.L — Risk / Return Rank

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

CPXR

CPXR Risk / Return Rank: 20
CPXR Sharpe Ratio Rank: 18
CPXR Sortino Ratio Rank: 21
CPXR Omega Ratio Rank: 27
CPXR Calmar Ratio Rank: 19
CPXR Martin Ratio Rank: 16

3SIL.L

3SIL.L Risk / Return Rank: 33
3SIL.L Sharpe Ratio Rank: 23
3SIL.L Sortino Ratio Rank: 41
3SIL.L Omega Ratio Rank: 50
3SIL.L Calmar Ratio Rank: 32
3SIL.L Martin Ratio Rank: 23

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.

CPXR vs. 3SIL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and WisdomTree Silver 3x Daily Leveraged (3SIL.L). 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.

	CPXR	3SIL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.55	0.79	-0.23
Sortino ratio: Return per unit of downside risk	1.11	2.07	-0.96
Omega ratio: Gain probability vs. loss probability	1.18	1.31	-0.12
Calmar ratio: Return relative to maximum drawdown	0.80	1.53	-0.74
Martin ratio: Return relative to average drawdown	1.47	2.81	-1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPXR vs. 3SIL.L - Sharpe Ratio Comparison

The current CPXR Sharpe Ratio is 0.55, which is comparable to the 3SIL.L Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of CPXR and 3SIL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPXR	3SIL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.79	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	-0.22	+0.88

Drawdowns

CPXR vs. 3SIL.L - Drawdown Comparison

The maximum CPXR drawdown since its inception was -47.87%, smaller than the maximum 3SIL.L drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for CPXR and 3SIL.L.

Drawdown Indicators

	CPXR	3SIL.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-99.33%	+51.46%
Max Drawdown (1Y) Largest decline over 1 year	-47.87%	-89.36%	+41.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-89.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.57%	—
Current Drawdown Current decline from peak	-5.10%	-96.02%	+90.92%
Average Drawdown Average peak-to-trough decline	-19.88%	-94.34%	+74.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.94%	48.91%	-22.97%

Volatility

CPXR vs. 3SIL.L - Volatility Comparison

The current volatility for USCF Daily Target 2X Copper Index ETF (CPXR) is 18.75%, while WisdomTree Silver 3x Daily Leveraged (3SIL.L) has a volatility of 56.78%. This indicates that CPXR experiences smaller price fluctuations and is considered to be less risky than 3SIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPXR	3SIL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.75%	56.78%	-38.03%
Volatility (6M) Calculated over the trailing 6-month period	45.26%	179.73%	-134.47%
Volatility (1Y) Calculated over the trailing 1-year period	68.77%	174.29%	-105.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.61%	109.81%	-41.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.61%	95.47%	-26.86%

CPXR vs. 3SIL.L - Expense Ratio Comparison

CPXR has a 1.20% expense ratio, which is higher than 3SIL.L's 0.99% expense ratio.

Dividends

CPXR vs. 3SIL.L - Dividend Comparison

CPXR's dividend yield for the trailing twelve months is around 0.58%, while 3SIL.L has not paid dividends to shareholders.

Position	TTM	2025
3SIL.L WisdomTree Silver 3x Daily Leveraged	0.00%	0.00%
CPXR USCF Daily Target 2X Copper Index ETF	0.58%	0.70%

Frequently Asked Questions

Can I hold both CPXR and 3SIL.L in my portfolio?

CPXR and 3SIL.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPXR or 3SIL.L?

On fees, 3SIL.L is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPXR or 3SIL.L?

3SIL.L is cheaper with a 0.99% expense ratio, compared with 1.20% for CPXR.

What is the main difference between CPXR and 3SIL.L?

CPXR is categorized as Leveraged Commodities, while 3SIL.L is Silver. CPXR tracks SummerHaven Copper Index, while 3SIL.L tracks Solactive Silver Commodity Futures SL Index (3x). They also come from different issuers: USCF and WisdomTree. Their fees differ too: 1.20% for CPXR and 0.99% for 3SIL.L.