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Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) Sharpe Ratio: 0.67

ETF · Currency in EUR · Last updated Jul 21, 2026

The Xtrackers IE Physical Silver EUR Hedged ETC (XSLE) provides EUR-hedged exposure to the spot price of silver, as measured by the LBMA Silver Price. The ETC is fully backed by physical silver held in secured London vaults. It has a total expense ratio of 0.73% p.a. (comprising a 0.38% base fee and a 0.35% FX hedging fee), was launched on May 21, 2020, is domiciled in Ireland, and is issued by Xtrackers (DWS).

XSLE.DE's Sharpe Ratio of 0.67 indicates that for each unit of volatility, it generates 0.67 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 21, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

XSLE.DE Sharpe Ratio Rank

XSLE.DE Sharpe Ratio Rank: 25.225
Below Average

XSLE.DE ranks above 25.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

XSLE.DE Sharpe Ratio Market Positioning

The chart shows XSLE.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.65 or lower
  • Yellow zone (middle 50%): 0.65 to 1.79
  • Green zone (top 25%): 1.79 or higher
  • Top 1%: 6.40+
  • Median: 1.29 — half of all investments score higher

How it compares to other similar ETFs

The table compares Xtrackers IE Physical Silver (EUR Hedged) ETC Securities's Sharpe Ratio with other ETFs in the Silver, Precious Metals category across multiple time periods, showing how XSLE.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 21, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AGMIThemes Silver Miners ETF1.33
ESGP.DEGold Miners Screened UCITS ETF1.23
SLVPiShares MSCI Global Silver and Metals Miners ETF1.20
HGGG.TOHarvest Global Gold Giants Index ETF1.11
SILJAmplify Junior Silver Miners ETF1.07
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund1.06
SGDJSprott Junior Gold Miners ETF1.04
ZJG.TOBMO Junior Gold Index ETF1.00
GLDX.TOGlobal X Gold Producers Index ETF1.00
SLVR.DEWisdomTree Silver1.00
XSLE.DEXtrackers IE Physical Silver (EUR Hedged) ETC Securities0.67

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows XSLE.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when XSLE.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does XSLE.DE fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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