WDEF.L vs. 3SIL.L

Last updated Jun 4, 2026

WDEF.L (WisdomTree Europe Defence UCITS ETF - EUR Acc EUR) and 3SIL.L (WisdomTree Silver 3x Daily Leveraged) are both exchange-traded funds - WDEF.L is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index, while 3SIL.L is a Silver fund tracking the Solactive Silver Commodity Futures SL Index (3x). Both are passively managed. Over the past 5 years, WDEF.L returned 5.18%/yr vs 1.29%/yr for 3SIL.L. At a 0.12 correlation, their price movements are largely independent. WDEF.L charges 0.40%/yr vs 0.99%/yr for 3SIL.L.

Performance

WDEF.L vs. 3SIL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) and WisdomTree Silver 3x Daily Leveraged (3SIL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WDEF.L is traded in EUR, while 3SIL.L is traded in USD. To make them comparable, the 3SIL.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WDEF.L achieves a 0.87% return, which is significantly higher than 3SIL.L's -58.21% return.

WDEF.L

• 1D: -1.17%
• 1M: -3.03%
• YTD: 0.87%
• 6M: 5.27%
• 1Y: -5.08%
• 3Y*: 9.89%
• 5Y*: 5.18%
• 10Y*: —

3SIL.L

• 1D: -9.90%
• 1M: -16.99%
• YTD: -58.21%
• 6M: -37.91%
• 1Y: 133.18%
• 3Y*: 42.67%
• 5Y*: 1.29%
• 10Y*: -1.78%

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

WDEF.L vs. 3SIL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	0.87%	26.22%	-2.46%	20.25%	-19.48%	26.65%	3.41%	37.42%	-17.34%	4.40%
3SIL.L WisdomTree Silver 3x Daily Leveraged	-58.21%	598.70%	24.45%	-32.36%	-17.19%	-50.41%	31.78%	30.11%	-33.46%	-20.83%

Correlation

The correlation between WDEF.L and 3SIL.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jun 2, 2017	0.12

Return for Risk

WDEF.L vs. 3SIL.L — Risk / Return Rank

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

WDEF.L

WDEF.L Risk / Return Rank: 9
WDEF.L Sharpe Ratio Rank: 8
WDEF.L Sortino Ratio Rank: 12
WDEF.L Omega Ratio Rank: 14
WDEF.L Calmar Ratio Rank: 7
WDEF.L Martin Ratio Rank: 6

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.

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

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) 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.

	WDEF.L	3SIL.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	0.77	-0.83
Sortino ratio: Return per unit of downside risk	0.47	2.05	-1.58
Omega ratio: Gain probability vs. loss probability	1.08	1.31	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.19	1.49	-1.68
Martin ratio: Return relative to average drawdown	-0.53	2.72	-3.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDEF.L vs. 3SIL.L - Sharpe Ratio Comparison

The current WDEF.L Sharpe Ratio is -0.07, which is lower than the 3SIL.L Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of WDEF.L 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

	WDEF.L	3SIL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	0.77	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.01	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.22	+0.55

Drawdowns

WDEF.L vs. 3SIL.L - Drawdown Comparison

The maximum WDEF.L drawdown since its inception was -35.48%, smaller than the maximum 3SIL.L drawdown of -99.14%. Use the drawdown chart below to compare losses from any high point for WDEF.L and 3SIL.L.

Drawdown Indicators

	WDEF.L	3SIL.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-99.14%	+63.66%
Max Drawdown (1Y) Largest decline over 1 year	-25.81%	-89.05%	+63.24%
Max Drawdown (3Y) Largest decline over 3 years	-25.81%	-89.05%	+63.24%
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	-89.05%	+58.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-91.97%	—
Current Drawdown Current decline from peak	-14.92%	-95.43%	+80.51%
Average Drawdown Average peak-to-trough decline	-8.34%	-93.86%	+85.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.11%	48.71%	-39.60%

Volatility

WDEF.L vs. 3SIL.L - Volatility Comparison

The current volatility for WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) is 10.75%, while WisdomTree Silver 3x Daily Leveraged (3SIL.L) has a volatility of 56.22%. This indicates that WDEF.L 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

	WDEF.L	3SIL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.75%	56.22%	-45.47%
Volatility (6M) Calculated over the trailing 6-month period	64.30%	178.38%	-114.08%
Volatility (1Y) Calculated over the trailing 1-year period	73.62%	172.95%	-99.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.70%	108.04%	-65.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.66%	93.82%	-52.16%

WDEF.L vs. 3SIL.L - Expense Ratio Comparison

WDEF.L has a 0.40% expense ratio, which is lower than 3SIL.L's 0.99% expense ratio.

Dividends

WDEF.L vs. 3SIL.L - Dividend Comparison

Neither WDEF.L nor 3SIL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

WDEF.L and 3SIL.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, WDEF.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WDEF.L is cheaper with a 0.40% expense ratio, compared with 0.99% for 3SIL.L.

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

WDEF.L is categorized as Aerospace & Defense, while 3SIL.L is Silver. WDEF.L tracks WisdomTree Europe Defence UCITS Index, while 3SIL.L tracks Solactive Silver Commodity Futures SL Index (3x). Their fees differ too: 0.40% for WDEF.L and 0.99% for 3SIL.L.