M9SD.DE vs. 3SLV.DE
M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) and 3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) are both exchange-traded funds - M9SD.DE is a Precious Metals fund tracking the NYSE Arca Gold BUGS, while 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x). Both are passively managed. Over the past 3 years, M9SD.DE returned 40.66%/yr vs 44.22%/yr for 3SLV.DE. A 0.73 correlation means they provide meaningful diversification when combined. M9SD.DE charges 0.65%/yr vs 0.75%/yr for 3SLV.DE.
Performance
M9SD.DE vs. 3SLV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SD.DE achieves a 3.74% return, which is significantly higher than 3SLV.DE's -68.66% return.
M9SD.DE
- 1D
- 1.07%
- 1M
- -4.44%
- YTD
- 3.74%
- 6M
- 11.23%
- 1Y
- 69.16%
- 3Y*
- 40.66%
- 5Y*
- 20.23%
- 10Y*
- 12.24%
3SLV.DE
- 1D
- 1.15%
- 1M
- -18.94%
- YTD
- -68.66%
- 6M
- -35.66%
- 1Y
- 116.39%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
M9SD.DE vs. 3SLV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF | 3.74% | 130.74% | 20.64% | 2.95% | 10.00% |
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -68.66% | 826.65% | 26.88% | -33.46% | 45.09% |
Correlation
The correlation between M9SD.DE and 3SLV.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.73 |
The correlation between M9SD.DE and 3SLV.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
M9SD.DE vs. 3SLV.DE — Risk / Return Rank
M9SD.DE
3SLV.DE
M9SD.DE vs. 3SLV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) and Leverage Shares 3x Long Silver ETP Securities (3SLV.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.
| M9SD.DE | 3SLV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.54 | +1.02 |
| Martin ratioReturn relative to average drawdown | 6.47 | 2.76 | +3.71 |
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
| M9SD.DE | 3SLV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.82 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.36 | -0.24 |
Drawdowns
M9SD.DE vs. 3SLV.DE - Drawdown Comparison
The maximum M9SD.DE drawdown since its inception was -80.12%, smaller than the maximum 3SLV.DE drawdown of -89.93%. Use the drawdown chart below to compare losses from any high point for M9SD.DE and 3SLV.DE.
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Drawdown Indicators
| M9SD.DE | 3SLV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -89.93% | +9.81% |
Max Drawdown (1Y)Largest decline over 1 year | -27.35% | -89.93% | +62.58% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -89.93% | +62.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.80% | — | — |
Current DrawdownCurrent decline from peak | -22.37% | -89.11% | +66.74% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -29.44% | -13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 50.24% | -39.40% |
Volatility
M9SD.DE vs. 3SLV.DE - Volatility Comparison
The current volatility for Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) is 13.40%, while Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a volatility of 51.33%. This indicates that M9SD.DE experiences smaller price fluctuations and is considered to be less risky than 3SLV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M9SD.DE | 3SLV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 51.33% | -37.93% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 176.71% | -142.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.57% | 169.84% | -127.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.36% | 111.76% | -77.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.73% | 111.76% | -77.03% |
M9SD.DE vs. 3SLV.DE - Expense Ratio Comparison
M9SD.DE has a 0.65% expense ratio, which is lower than 3SLV.DE's 0.75% expense ratio.
Dividends
M9SD.DE vs. 3SLV.DE - Dividend Comparison
Neither M9SD.DE nor 3SLV.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SD.DE and 3SLV.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M9SD.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M9SD.DE is cheaper with a 0.65% expense ratio, compared with 0.75% for 3SLV.DE.
M9SD.DE is categorized as Precious Metals, while 3SLV.DE is Silver. M9SD.DE tracks NYSE Arca Gold BUGS, while 3SLV.DE tracks iShares Silver Trust (3x). They also come from different issuers: China Post Global and Leverage Shares. Their fees differ too: 0.65% for M9SD.DE and 0.75% for 3SLV.DE.
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