EGLN.L vs. SLV
EGLN.L (iShares Physical Gold ETC) and SLV (iShares Silver Trust) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, EGLN.L returned 11.21%/yr vs 13.80%/yr for SLV. A 0.51 correlation means they provide meaningful diversification when combined. EGLN.L charges 0.25%/yr vs 0.50%/yr for SLV.
Performance
EGLN.L vs. SLV - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while SLV is traded in USD. To make them comparable, the SLV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EGLN.L achieves a 2.32% return, which is significantly higher than SLV's -2.65% return. Over the past 10 years, EGLN.L has underperformed SLV with an annualized return of 11.21%, while SLV has yielded a comparatively higher 13.80% annualized return.
EGLN.L
- 1D
- -0.30%
- 1M
- -6.16%
- YTD
- 2.32%
- 6M
- 3.98%
- 1Y
- 28.23%
- 3Y*
- 27.04%
- 5Y*
- 19.18%
- 10Y*
- 11.21%
SLV
- 1D
- -0.10%
- 1M
- -13.82%
- YTD
- -2.65%
- 6M
- 17.88%
- 1Y
- 86.08%
- 3Y*
- 37.11%
- 5Y*
- 20.33%
- 10Y*
- 13.80%
EGLN.L vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 2.32% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
SLV iShares Silver Trust | -2.65% | 115.63% | 28.87% | -4.06% | 8.72% | -5.91% | 35.16% | 17.47% | -4.93% | -7.18% |
Correlation
The correlation between EGLN.L and SLV is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.51 |
The correlation between EGLN.L and SLV shifts across timeframes, from 0.51 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EGLN.L vs. SLV — Risk / Return Rank
EGLN.L
SLV
EGLN.L vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.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.
| EGLN.L | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.14 | -0.51 |
| Martin ratioReturn relative to average drawdown | 4.17 | 4.50 | -0.32 |
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
| EGLN.L | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.50 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.59 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.46 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.33 | +0.04 |
Drawdowns
EGLN.L vs. SLV - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, smaller than the maximum SLV drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for EGLN.L and SLV.
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Drawdown Indicators
| EGLN.L | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -67.77% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.24% | -40.36% | +23.12% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -40.36% | +23.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -40.36% | +23.12% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -41.37% | +15.16% |
Current DrawdownCurrent decline from peak | -17.24% | -39.56% | +22.32% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -36.93% | +14.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 19.20% | -12.45% |
Volatility
EGLN.L vs. SLV - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 5.12%, while iShares Silver Trust (SLV) has a volatility of 15.93%. This indicates that EGLN.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
| EGLN.L | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 15.93% | -10.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 57.03% | -36.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 57.83% | -34.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 34.54% | -17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 30.35% | -14.41% |
EGLN.L vs. SLV - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
EGLN.L vs. SLV - Dividend Comparison
Neither EGLN.L nor SLV has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and SLV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
EGLN.L is categorized as Gold, while SLV is Silver. EGLN.L tracks LBMA Gold Price, while SLV tracks LBMA Silver Price. Their fees differ too: 0.25% for EGLN.L and 0.50% for SLV.
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