DGSE.L vs. SLVR.L
DGSE.L (WisdomTree Emerging Markets SmallCap Dividend UCITS ETF) and SLVR.L (WisdomTree Silver) are both exchange-traded funds - DGSE.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets SMID NR USD, while SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 10 years, DGSE.L returned 6.84%/yr vs 14.35%/yr for SLVR.L. At a 0.22 correlation, their price movements are largely independent. DGSE.L charges 0.54%/yr vs 0.49%/yr for SLVR.L.
Performance
DGSE.L vs. SLVR.L - Performance Comparison
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Different Trading Currencies
DGSE.L is traded in GBp, while SLVR.L is traded in USD. To make them comparable, the SLVR.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DGSE.L achieves a 10.61% return, which is significantly higher than SLVR.L's 4.04% return. Over the past 10 years, DGSE.L has underperformed SLVR.L with an annualized return of 6.84%, while SLVR.L has yielded a comparatively higher 14.35% annualized return.
DGSE.L
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 10.61%
- 6M
- 11.47%
- 1Y
- 19.49%
- 3Y*
- 8.09%
- 5Y*
- 4.59%
- 10Y*
- 6.84%
SLVR.L
- 1D
- 0.43%
- 1M
- 0.90%
- YTD
- 4.04%
- 6M
- 27.59%
- 1Y
- 111.39%
- 3Y*
- 39.80%
- 5Y*
- 20.48%
- 10Y*
- 14.35%
DGSE.L vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGSE.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF | 10.61% | 7.78% | -0.93% | 9.14% | -4.67% | 11.05% | -0.71% | 8.36% | -12.58% | 20.40% |
SLVR.L WisdomTree Silver | 4.04% | 119.85% | 22.25% | -7.44% | 14.41% | -13.86% | 36.48% | 9.63% | -4.80% | -7.32% |
Correlation
The correlation between DGSE.L and SLVR.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2014 | 0.22 |
The correlation between DGSE.L and SLVR.L shifts across timeframes, from 0.22 (10 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DGSE.L vs. SLVR.L — Risk / Return Rank
DGSE.L
SLVR.L
DGSE.L vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (DGSE.L) and WisdomTree Silver (SLVR.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.
| DGSE.L | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.86 | -0.67 |
| Martin ratioReturn relative to average drawdown | 6.68 | 6.24 | +0.45 |
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
| DGSE.L | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.93 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.58 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.46 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.29 | +0.03 |
Drawdowns
DGSE.L vs. SLVR.L - Drawdown Comparison
The maximum DGSE.L drawdown since its inception was -35.43%, smaller than the maximum SLVR.L drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for DGSE.L and SLVR.L.
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Drawdown Indicators
| DGSE.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -72.07% | +36.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -38.77% | +29.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -38.77% | +19.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.85% | -38.77% | +19.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | -39.80% | +4.37% |
Current DrawdownCurrent decline from peak | -1.82% | -33.71% | +31.89% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -43.50% | +35.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 17.80% | -14.89% |
Volatility
DGSE.L vs. SLVR.L - Volatility Comparison
The current volatility for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (DGSE.L) is 4.43%, while WisdomTree Silver (SLVR.L) has a volatility of 17.02%. This indicates that DGSE.L experiences smaller price fluctuations and is considered to be less risky than SLVR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGSE.L | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 17.02% | -12.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 54.71% | -43.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.29% | 57.51% | -44.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 35.17% | -21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 31.09% | -15.37% |
DGSE.L vs. SLVR.L - Expense Ratio Comparison
DGSE.L has a 0.54% expense ratio, which is higher than SLVR.L's 0.49% expense ratio.
Dividends
DGSE.L vs. SLVR.L - Dividend Comparison
DGSE.L's dividend yield for the trailing twelve months is around 0.03%, while SLVR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGSE.L WisdomTree Emerging Markets SmallCap Dividend UCITS ETF | 0.03% | 0.03% | 0.05% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.01% | 0.03% |
SLVR.L WisdomTree Silver | 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
DGSE.L and SLVR.L have a correlation of 0.34, 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 0.54% for DGSE.L.
DGSE.L is categorized as Emerging Markets Equities, while SLVR.L is Silver. DGSE.L tracks MSCI Emerging Markets SMID NR USD, while SLVR.L tracks Bloomberg Silver Subindex. Their fees differ too: 0.54% for DGSE.L and 0.49% for SLVR.L.
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