GIN.L vs. SSLN.L
GIN.L (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - GIN.L is a Diversified Portfolio fund tracking the Morningstar EAA USD Mod Tgt Alloc NR USD, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, GIN.L returned 33.49%/yr vs 16.71%/yr for SSLN.L. At a 0.13 correlation, their price movements are largely independent. GIN.L charges 0.40%/yr vs 0.20%/yr for SSLN.L.
Performance
GIN.L vs. SSLN.L - Performance Comparison
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Different Trading Currencies
GIN.L is traded in GBP, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GIN.L achieves a 2.94% return, which is significantly lower than SSLN.L's 3.18% return. Over the past 10 years, GIN.L has outperformed SSLN.L with an annualized return of 33.49%, while SSLN.L has yielded a comparatively lower 16.71% annualized return.
GIN.L
- 1D
- -0.07%
- 1M
- -0.53%
- YTD
- 2.94%
- 6M
- 2.23%
- 1Y
- 8.48%
- 3Y*
- 3.96%
- 5Y*
- 2.26%
- 10Y*
- 33.49%
SSLN.L
- 1D
- 0.48%
- 1M
- 1.18%
- YTD
- 3.18%
- 6M
- 28.32%
- 1Y
- 115.93%
- 3Y*
- 42.31%
- 5Y*
- 22.99%
- 10Y*
- 16.71%
GIN.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist | 2.94% | 3.55% | 2.09% | 1.50% | -3.30% | 1,062.98% | 3.81% | 14.60% | 1.51% | 3.01% |
SSLN.L iShares Physical Silver ETC | 3.18% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 40.73% | 12.68% | -3.48% | -5.59% |
Correlation
The correlation between GIN.L and SSLN.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2015 | 0.13 |
The correlation between GIN.L and SSLN.L shifts across timeframes, from -0.04 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GIN.L vs. SSLN.L — Risk / Return Rank
GIN.L
SSLN.L
GIN.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) and iShares Physical Silver ETC (SSLN.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.
| GIN.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.98 | -1.10 |
| Martin ratioReturn relative to average drawdown | 4.27 | 6.53 | -2.26 |
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
| GIN.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.11 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.70 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.57 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.17 | -0.07 |
Drawdowns
GIN.L vs. SSLN.L - Drawdown Comparison
The maximum GIN.L drawdown since its inception was -15.71%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for GIN.L and SSLN.L.
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Drawdown Indicators
| GIN.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -69.95% | +54.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -38.72% | +34.21% |
Max Drawdown (3Y)Largest decline over 3 years | -7.63% | -38.72% | +31.09% |
Max Drawdown (5Y)Largest decline over 5 years | -12.40% | -38.72% | +26.32% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | -38.72% | +23.01% |
Current DrawdownCurrent decline from peak | -3.83% | -33.62% | +29.79% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -45.32% | +41.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 17.69% | -15.71% |
Volatility
GIN.L vs. SSLN.L - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) is 1.91%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.31%. This indicates that GIN.L experiences smaller price fluctuations and is considered to be less risky than SSLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIN.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 16.31% | -14.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 51.81% | -45.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 54.53% | -46.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 33.31% | -23.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 311.49% | 29.69% | +281.80% |
GIN.L vs. SSLN.L - Expense Ratio Comparison
GIN.L has a 0.40% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
GIN.L vs. SSLN.L - Dividend Comparison
Neither GIN.L nor SSLN.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist | 0.00% | 0.00% | 0.00% | 2.80% | 2.47% | 87.32% | 2.23% | 2.37% | 2.16% | 2.30% | 2.17% | 1.81% |
SSLN.L iShares Physical Silver ETC | 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
GIN.L and SSLN.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.40% for GIN.L.
GIN.L is categorized as Diversified Portfolio, while SSLN.L is Silver. GIN.L tracks Morningstar EAA USD Mod Tgt Alloc NR USD, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GIN.L and 0.20% for SSLN.L.
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