GBSS.L vs. SSLV.L
Compare and contrast key facts about Gold Bullion Securities (GBSS.L) and Invesco Physical Silver ETC (SSLV.L).
GBSS.L and SSLV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBSS.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Apr 15, 2004. SSLV.L is managed by Invesco. It was launched on Apr 13, 2011.
Performance
GBSS.L vs. SSLV.L - Performance Comparison
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GBSS.L vs. SSLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBSS.L Gold Bullion Securities | 11.83% | 53.13% | 27.82% | 6.96% | 11.51% | -3.12% | 19.73% | 14.42% | 4.17% | 1.53% |
SSLV.L Invesco Physical Silver ETC | 7.22% | 130.03% | 23.22% | -5.88% | 15.90% | -12.13% | 41.64% | 11.90% | -3.30% | -5.28% |
Different Trading Currencies
GBSS.L is traded in GBp, while SSLV.L is traded in USD. To make them comparable, the SSLV.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBSS.L achieves a 11.83% return, which is significantly higher than SSLV.L's 7.22% return. Over the past 10 years, GBSS.L has underperformed SSLV.L with an annualized return of 14.94%, while SSLV.L has yielded a comparatively higher 18.18% annualized return.
GBSS.L
- 1D
- 2.62%
- 1M
- -9.60%
- YTD
- 11.83%
- 6M
- 24.86%
- 1Y
- 47.55%
- 3Y*
- 30.34%
- 5Y*
- 22.96%
- 10Y*
- 14.94%
SSLV.L
- 1D
- 2.45%
- 1M
- -12.70%
- YTD
- 7.22%
- 6M
- 62.27%
- 1Y
- 117.52%
- 3Y*
- 42.73%
- 5Y*
- 25.82%
- 10Y*
- 18.18%
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GBSS.L vs. SSLV.L - Expense Ratio Comparison
GBSS.L has a 0.40% expense ratio, which is higher than SSLV.L's 0.19% expense ratio.
Return for Risk
GBSS.L vs. SSLV.L — Risk / Return Rank
GBSS.L
SSLV.L
GBSS.L vs. SSLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Bullion Securities (GBSS.L) and Invesco Physical Silver ETC (SSLV.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.
| GBSS.L | SSLV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 2.22 | -0.26 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.48 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.04 | -0.36 |
Martin ratioReturn relative to average drawdown | 11.30 | 9.54 | +1.76 |
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
| GBSS.L | SSLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.22 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.43 | 0.79 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.62 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.17 | +0.51 |
Correlation
The correlation between GBSS.L and SSLV.L is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GBSS.L vs. SSLV.L - Dividend Comparison
Neither GBSS.L nor SSLV.L has paid dividends to shareholders.
Drawdowns
GBSS.L vs. SSLV.L - Drawdown Comparison
The maximum GBSS.L drawdown since its inception was -42.08%, smaller than the maximum SSLV.L drawdown of -67.74%. Use the drawdown chart below to compare losses from any high point for GBSS.L and SSLV.L.
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Drawdown Indicators
| GBSS.L | SSLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -74.62% | +32.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -40.61% | +22.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -40.61% | +22.69% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -42.74% | +20.33% |
Current DrawdownCurrent decline from peak | -9.60% | -33.62% | +24.02% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -52.49% | +38.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 13.09% | -8.83% |
Volatility
GBSS.L vs. SSLV.L - Volatility Comparison
The current volatility for Gold Bullion Securities (GBSS.L) is 11.61%, while Invesco Physical Silver ETC (SSLV.L) has a volatility of 18.58%. This indicates that GBSS.L experiences smaller price fluctuations and is considered to be less risky than SSLV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBSS.L | SSLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 18.58% | -6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 50.89% | -29.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 52.66% | -28.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 32.74% | -16.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 29.45% | -13.70% |