8PSB.DE vs. SLVR.DE
8PSB.DE (Invesco Physical Silver ETC) and SLVR.DE (WisdomTree Silver) are both Silver funds - 8PSB.DE tracks the LBMA Silver Price while SLVR.DE tracks the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, 8PSB.DE returned 42.18%/yr vs 45.36%/yr for SLVR.DE. A 0.74 correlation means they provide meaningful diversification when combined. 8PSB.DE charges 0.19%/yr vs 0.49%/yr for SLVR.DE.
Performance
8PSB.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 8PSB.DE achieves a -2.37% return, which is significantly lower than SLVR.DE's 1.99% return.
8PSB.DE
- 1D
- 0.37%
- 1M
- 1.00%
- YTD
- -2.37%
- 6M
- 29.53%
- 1Y
- 110.49%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
8PSB.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
8PSB.DE Invesco Physical Silver ETC | -2.37% | 130.25% | 30.85% | -4.18% | 5.11% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between 8PSB.DE and SLVR.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.74 |
The correlation between 8PSB.DE and SLVR.DE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
8PSB.DE vs. SLVR.DE — Risk / Return Rank
8PSB.DE
SLVR.DE
8PSB.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (8PSB.DE) and WisdomTree Silver (SLVR.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.
| 8PSB.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.06 | -0.21 |
| Martin ratioReturn relative to average drawdown | 6.09 | 7.37 | -1.28 |
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
| 8PSB.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.85 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.68 | 0.00 |
Drawdowns
8PSB.DE vs. SLVR.DE - Drawdown Comparison
The maximum 8PSB.DE drawdown since its inception was -38.62%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for 8PSB.DE and SLVR.DE.
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Drawdown Indicators
| 8PSB.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -31.33% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -38.62% | -30.51% | -8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -38.62% | -30.51% | -8.11% |
Current DrawdownCurrent decline from peak | -33.51% | -24.02% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -12.66% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.07% | 12.69% | +5.38% |
Volatility
8PSB.DE vs. SLVR.DE - Volatility Comparison
Invesco Physical Silver ETC (8PSB.DE) and WisdomTree Silver (SLVR.DE) have volatilities of 16.36% and 17.06%, 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
| 8PSB.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.36% | 17.06% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 51.95% | 41.25% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.17% | 50.34% | +7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.63% | 38.29% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.63% | 38.29% | -3.66% |
8PSB.DE vs. SLVR.DE - Expense Ratio Comparison
8PSB.DE has a 0.19% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
8PSB.DE vs. SLVR.DE - Dividend Comparison
Neither 8PSB.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
8PSB.DE and SLVR.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.49% for SLVR.DE.
8PSB.DE tracks LBMA Silver Price, while SLVR.DE tracks Bloomberg Silver Subindex. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for 8PSB.DE and 0.49% for SLVR.DE.
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