GLDA.L vs. SSLN.L
GLDA.L (Amundi Physical Gold ETC (C)) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - GLDA.L is a Precious Metals fund tracking the Gold, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, GLDA.L returned 19.92%/yr vs 22.87%/yr for SSLN.L. A 0.55 correlation means they provide meaningful diversification when combined. GLDA.L charges 0.12%/yr vs 0.20%/yr for SSLN.L.
Performance
GLDA.L vs. SSLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLDA.L achieves a 3.18% return, which is significantly higher than SSLN.L's 2.69% return.
GLDA.L
- 1D
- -1.21%
- 1M
- -2.91%
- YTD
- 3.18%
- 6M
- 4.27%
- 1Y
- 33.20%
- 3Y*
- 27.70%
- 5Y*
- 19.92%
- 10Y*
- —
SSLN.L
- 1D
- -3.04%
- 1M
- -2.09%
- YTD
- 2.69%
- 6M
- 23.96%
- 1Y
- 113.86%
- 3Y*
- 41.85%
- 5Y*
- 22.87%
- 10Y*
- 16.77%
GLDA.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDA.L Amundi Physical Gold ETC (C) | 3.18% | 53.56% | 28.19% | 7.26% | 12.68% | -3.12% | -2.69% |
SSLN.L iShares Physical Silver ETC | 2.69% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 38.38% |
Correlation
The correlation between GLDA.L and SSLN.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.55 |
The correlation between GLDA.L and SSLN.L shifts across timeframes, from 0.55 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.L vs. SSLN.L — Risk / Return Rank
GLDA.L
SSLN.L
GLDA.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.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.
| GLDA.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.92 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.02 | 6.46 | -1.43 |
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
| GLDA.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.08 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 0.69 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.17 | +0.89 |
Drawdowns
GLDA.L vs. SSLN.L - Drawdown Comparison
The maximum GLDA.L drawdown since its inception was -21.57%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for GLDA.L and SSLN.L.
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Drawdown Indicators
| GLDA.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -69.95% | +48.38% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -38.72% | +20.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -38.72% | +20.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -38.72% | +20.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.72% | — |
Current DrawdownCurrent decline from peak | -16.61% | -33.93% | +17.32% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -45.32% | +39.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 17.56% | -10.97% |
Volatility
GLDA.L vs. SSLN.L - Volatility Comparison
The current volatility for Amundi Physical Gold ETC (C) (GLDA.L) is 5.18%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.55%. This indicates that GLDA.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
| GLDA.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 16.55% | -11.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.40% | 52.03% | -31.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.46% | 54.53% | -31.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 33.31% | -15.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 29.70% | -11.68% |
GLDA.L vs. SSLN.L - Expense Ratio Comparison
GLDA.L has a 0.12% expense ratio, which is lower than SSLN.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GLDA.L vs. SSLN.L - Dividend Comparison
Neither GLDA.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
GLDA.L and SSLN.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SSLN.L.
GLDA.L is categorized as Precious Metals, while SSLN.L is Silver. GLDA.L tracks Gold, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for GLDA.L and 0.20% for SSLN.L.
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