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CACX.L vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CACX.L vs. SLV

Last updated Jun 9, 2026

CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) and SLV (iShares Silver Trust) are both exchange-traded funds - CACX.L is a Europe Equities fund tracking the Euronext Paris CAC 40 NR EUR, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, CACX.L returned 11.41%/yr vs 14.85%/yr for SLV. At a 0.12 correlation, their price movements are largely independent. CACX.L charges 0.25%/yr vs 0.50%/yr for SLV.

Performance

CACX.L vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CACX.L is traded in GBp, while SLV is traded in USD. To make them comparable, the SLV values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CACX.L achieves a 2.38% return, which is significantly higher than SLV's -3.46% return. Over the past 10 years, CACX.L has underperformed SLV with an annualized return of 11.41%, while SLV has yielded a comparatively higher 14.85% annualized return.

CACX.L

1D
0.06%
1M
2.38%
YTD
2.38%
6M
2.87%
1Y
11.26%
3Y*
7.92%
5Y*
7.66%
10Y*
11.41%

SLV

1D
0.00%
1M
-13.82%
YTD
-3.46%
6M
16.65%
1Y
90.98%
3Y*
37.62%
5Y*
20.37%
10Y*
14.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CACX.L vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CACX.L
Lyxor CAC 40 (DR) UCITS ETF - Dist		2.38%19.60%-4.39%16.83%-0.56%22.14%0.79%26.03%-5.19%19.33%
SLV
iShares Silver Trust		-3.48%127.23%23.00%-6.03%14.54%-11.63%42.98%10.51%-3.81%-3.33%

Correlation

The correlation between CACX.L and SLV is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2008

0.12

CACX.L vs. SLV - Sectors Allocation Comparison

Sectors
CACX.L
SLV

Industrials

34.9%

-

Financial Services

15.4%

-

Consumer Cyclical

14.9%

-

Energy

9.6%

-

Healthcare

9.5%

-

Consumer Defensive

5.0%

-

Technology

4.0%

-

Communication Services

3.2%

-

Basic Materials

2.4%
100.0%

Real Estate

0.7%

-

Utilities

0.5%

-

Industrials

CACX.L
34.9%
SLV

-

Financial Services

CACX.L
15.4%
SLV

-

Consumer Cyclical

CACX.L
14.9%
SLV

-

Energy

CACX.L
9.6%
SLV

-

Healthcare

CACX.L
9.5%
SLV

-

Consumer Defensive

CACX.L
5.0%
SLV

-

Technology

CACX.L
4.0%
SLV

-

Communication Services

CACX.L
3.2%
SLV

-

Basic Materials

CACX.L
2.4%
SLV
100.0%

Real Estate

CACX.L
0.7%
SLV

-

Utilities

CACX.L
0.5%
SLV

-

Compare stocks, funds, or ETFs

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Lyxor CAC 40 (DR) UCITS ETF - Dist

iShares Silver Trust

Often compared with CACX.L:
CACX.L vs. SPYCACX.L vs. AI.PACACX.L vs. XDAX.LCACX.L vs. QQQCACX.L vs. V50A.DECACX.L vs. BRK-BCACX.L vs. ^NDX
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

CACX.L vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CACX.L
CACX.L Risk / Return Rank: 2424
Overall Rank
CACX.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
CACX.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
CACX.L Omega Ratio Rank: 2424
Omega Ratio Rank
CACX.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
CACX.L Martin Ratio Rank: 2424
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 4343
Overall Rank
SLV Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3838
Sortino Ratio Rank
SLV Omega Ratio Rank: 5454
Omega Ratio Rank
SLV Calmar Ratio Rank: 4747
Calmar Ratio Rank
SLV Martin Ratio Rank: 3232
Martin Ratio Rank
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.

CACX.L vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and iShares Silver Trust (SLV). 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.

CACX.LSLVDifference
Sharpe ratioReturn per unit of total volatility
0.77
1.59

-0.81

Sortino ratioReturn per unit of downside risk
1.16
1.87

-0.71

Omega ratioGain probability vs. loss probability

1.15

1.31

-0.16

Calmar ratioReturn relative to maximum drawdown

0.95

2.26

-1.32

Martin ratioReturn relative to average drawdown

2.88

4.78

-1.90

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CACX.L vs. SLV - Sharpe Ratio Comparison

The current CACX.L Sharpe Ratio is 0.77, which is lower than the SLV Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of CACX.L and SLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CACX.LSLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.77

1.59

-0.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.60

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.49

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.36

-0.20

Drawdowns

CACX.L vs. SLV - Drawdown Comparison

The maximum CACX.L drawdown since its inception was -54.68%, smaller than the maximum SLV drawdown of -69.62%. Use the drawdown chart below to compare losses from any high point for CACX.L and SLV.

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Drawdown Indicators

CACX.LSLVDifference

Max Drawdown

Largest peak-to-trough decline

-54.68%

-69.62%

+14.94%

Max Drawdown (1Y)

Largest decline over 1 year

-11.81%

-40.40%

+28.59%

Max Drawdown (3Y)

Largest decline over 3 years

-14.77%

-40.40%

+25.63%

Max Drawdown (5Y)

Largest decline over 5 years

-19.36%

-40.40%

+21.04%

Max Drawdown (10Y)

Largest decline over 10 years

-32.83%

-40.40%

+7.57%

Current Drawdown

Current decline from peak

-3.75%

-39.66%

+35.91%

Average Drawdown

Average peak-to-trough decline

-19.48%

-38.02%

+18.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.90%

19.09%

-15.19%

Volatility

CACX.L vs. SLV - Volatility Comparison

The current volatility for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) is 3.34%, while iShares Silver Trust (SLV) has a volatility of 15.84%. This indicates that CACX.L experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CACX.LSLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

15.84%

-12.50%

Volatility (6M)

Calculated over the trailing 6-month period

11.18%

56.83%

-45.65%

Volatility (1Y)

Calculated over the trailing 1-year period

14.52%

57.77%

-43.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.71%

34.11%

-17.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.67%

30.55%

-12.88%

CACX.L vs. SLV - Expense Ratio Comparison

CACX.L has a 0.25% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

CACX.L vs. SLV - Dividend Comparison

CACX.L's dividend yield for the trailing twelve months is around 2.84%, while SLV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CACX.L
Lyxor CAC 40 (DR) UCITS ETF - Dist		2.84%2.90%3.00%2.79%2.54%1.95%1.66%4.70%6.43%4.82%3.49%3.46%
SLV
iShares Silver Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CACX.L and SLV have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CACX.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CACX.L is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.

CACX.L is categorized as Europe Equities, while SLV is Silver. CACX.L tracks Euronext Paris CAC 40 NR EUR, while SLV tracks LBMA Silver Price. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for CACX.L and 0.50% for SLV.

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