SLVR.L vs. 3BAL.L
SLVR.L (WisdomTree Silver) and 3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while 3BAL.L is a Leveraged Equities fund tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Both are passively managed. Over the past 5 years, SLVR.L returned 19.09%/yr vs 58.39%/yr for 3BAL.L. At a 0.13 correlation, their price movements are largely independent. SLVR.L charges 0.49%/yr vs 0.89%/yr for 3BAL.L.
Performance
SLVR.L vs. 3BAL.L - Performance Comparison
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Different Trading Currencies
SLVR.L is traded in USD, while 3BAL.L is traded in GBp. To make them comparable, the 3BAL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLVR.L achieves a 3.18% return, which is significantly higher than 3BAL.L's 2.92% return.
SLVR.L
- 1D
- -3.39%
- 1M
- -3.55%
- YTD
- 3.18%
- 6M
- 24.16%
- 1Y
- 108.17%
- 3Y*
- 42.86%
- 5Y*
- 19.09%
- 10Y*
- 13.51%
3BAL.L
- 1D
- 2.31%
- 1M
- 13.63%
- YTD
- 2.92%
- 6M
- 26.91%
- 1Y
- 119.98%
- 3Y*
- 142.67%
- 5Y*
- 58.39%
- 10Y*
- —
SLVR.L vs. 3BAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVR.L WisdomTree Silver | 3.18% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | -1.86% |
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 2.92% | 473.30% | 65.27% | 72.49% | -32.93% | 106.38% | -79.28% | 30.82% | -72.61% | 27.84% |
Correlation
The correlation between SLVR.L and 3BAL.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.13 |
The correlation between SLVR.L and 3BAL.L shifts across timeframes, from 0.13 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLVR.L vs. 3BAL.L — Risk / Return Rank
SLVR.L
3BAL.L
SLVR.L vs. 3BAL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
| SLVR.L | 3BAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.51 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.79 | 6.72 | -0.93 |
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
| SLVR.L | 3BAL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.68 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.76 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.11 | +0.11 |
Drawdowns
SLVR.L vs. 3BAL.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, smaller than the maximum 3BAL.L drawdown of -97.97%. Use the drawdown chart below to compare losses from any high point for SLVR.L and 3BAL.L.
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Drawdown Indicators
| SLVR.L | 3BAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -97.97% | +18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -46.85% | +6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -51.40% | +10.66% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -80.76% | +40.02% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | — | — |
Current DrawdownCurrent decline from peak | -35.69% | -16.51% | -19.18% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -67.69% | +18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 17.50% | +1.11% |
Volatility
SLVR.L vs. 3BAL.L - Volatility Comparison
WisdomTree Silver (SLVR.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) have volatilities of 17.95% and 18.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVR.L | 3BAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 18.73% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 55.57% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 70.08% | -11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 77.26% | -40.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 84.83% | -52.87% |
SLVR.L vs. 3BAL.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is lower than 3BAL.L's 0.89% expense ratio.
Dividends
SLVR.L vs. 3BAL.L - Dividend Comparison
Neither SLVR.L nor 3BAL.L has paid dividends to shareholders.
Frequently Asked Questions
SLVR.L and 3BAL.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.L is cheaper with a 0.49% expense ratio, compared with 0.89% for 3BAL.L.
SLVR.L is categorized as Silver, while 3BAL.L is Leveraged Equities. SLVR.L tracks Bloomberg Silver Subindex, while 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Their fees differ too: 0.49% for SLVR.L and 0.89% for 3BAL.L.
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