GLDN.AX vs. SLVR.DE
GLDN.AX (Ishares Physical Gold ETF) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - GLDN.AX is a Gold fund tracking the LBMA Gold Price PM AUD Index, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past year, GLDN.AX returned 20.68% vs 79.97% for SLVR.DE. At a 0.15 correlation, their price movements are largely independent. GLDN.AX charges 0.18%/yr vs 0.49%/yr for SLVR.DE.
Performance
GLDN.AX vs. SLVR.DE - Performance Comparison
Loading charts...
Different Trading Currencies
GLDN.AX is traded in AUD, while SLVR.DE is traded in EUR. To make them comparable, the SLVR.DE values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDN.AX achieves a -3.58% return, which is significantly higher than SLVR.DE's -5.04% return.
GLDN.AX
- 1D
- 0.67%
- 1M
- -1.25%
- YTD
- -3.58%
- 6M
- -1.13%
- 1Y
- 20.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.55%
- 1M
- 2.83%
- YTD
- -5.04%
- 6M
- 9.06%
- 1Y
- 79.97%
- 3Y*
- 45.81%
- 5Y*
- —
- 10Y*
- —
GLDN.AX vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLDN.AX Ishares Physical Gold ETF | -3.58% | 55.11% | 38.15% | -2.11% |
SLVR.DE WisdomTree Silver | -5.04% | 159.66% | 25.30% | 14.80% |
Correlation
The correlation between GLDN.AX and SLVR.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2023 | 0.15 |
The correlation between GLDN.AX and SLVR.DE shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLDN.AX vs. SLVR.DE — Risk / Return Rank
GLDN.AX
SLVR.DE
GLDN.AX vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Physical Gold ETF (GLDN.AX) and WisdomTree Silver (SLVR.DE). 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.
| GLDN.AX | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.39 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.23 | 5.50 | -3.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GLDN.AX | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.62 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.78 | +0.84 |
Drawdowns
GLDN.AX vs. SLVR.DE - Drawdown Comparison
The maximum GLDN.AX drawdown since its inception was -21.43%, smaller than the maximum SLVR.DE drawdown of -33.32%. Use the drawdown chart below to compare losses from any high point for GLDN.AX and SLVR.DE.
Loading charts...
Drawdown Indicators
| GLDN.AX | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.43% | -33.32% | +11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | -33.32% | +11.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.32% | — |
Current DrawdownCurrent decline from peak | -20.00% | -27.72% | +7.72% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -11.49% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | 14.49% | -5.27% |
Volatility
GLDN.AX vs. SLVR.DE - Volatility Comparison
The current volatility for Ishares Physical Gold ETF (GLDN.AX) is 4.92%, while WisdomTree Silver (SLVR.DE) has a volatility of 16.23%. This indicates that GLDN.AX experiences smaller price fluctuations and is considered to be less risky than SLVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLDN.AX | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 16.23% | -11.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.11% | 39.98% | -18.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 49.14% | -24.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 37.18% | -17.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 37.18% | -17.69% |
GLDN.AX vs. SLVR.DE - Expense Ratio Comparison
GLDN.AX has a 0.18% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
GLDN.AX vs. SLVR.DE - Dividend Comparison
GLDN.AX's dividend yield for the trailing twelve months is around 0.08%, while SLVR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLDN.AX Ishares Physical Gold ETF | 0.08% | 0.07% |
SLVR.DE WisdomTree Silver | 0.00% | 0.00% |
Frequently Asked Questions
GLDN.AX and SLVR.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDN.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDN.AX is cheaper with a 0.18% expense ratio, compared with 0.49% for SLVR.DE.
GLDN.AX is categorized as Gold, while SLVR.DE is Silver. GLDN.AX tracks LBMA Gold Price PM AUD Index, while SLVR.DE tracks Bloomberg Silver Subindex. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for GLDN.AX and 0.49% for SLVR.DE.
Find the right allocation for GLDN.AX and SLVR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer