GOLB.L vs. SSLN.L
GOLB.L (Market Access NYSE Arca Gold Bugs UCITS ETF) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - GOLB.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, GOLB.L returned 16.54%/yr vs 16.71%/yr for SSLN.L. A 0.57 correlation means they provide meaningful diversification when combined. GOLB.L charges 0.65%/yr vs 0.20%/yr for SSLN.L.
Performance
GOLB.L vs. SSLN.L - Performance Comparison
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Different Trading Currencies
GOLB.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, GOLB.L achieves a 5.89% return, which is significantly higher than SSLN.L's 3.18% return. Both investments have delivered pretty close results over the past 10 years, with GOLB.L having a 16.54% annualized return and SSLN.L not far ahead at 16.71%.
GOLB.L
- 1D
- 1.00%
- 1M
- -4.70%
- YTD
- 5.89%
- 6M
- 9.71%
- 1Y
- 72.65%
- 3Y*
- 40.72%
- 5Y*
- 20.34%
- 10Y*
- 16.54%
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%
GOLB.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLB.L Market Access NYSE Arca Gold Bugs UCITS ETF | 5.89% | 138.45% | 14.05% | 0.34% | 1.34% | -14.65% | 84.95% | 0.00% | 0.00% | 0.00% |
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 GOLB.L and SSLN.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.57 |
The correlation between GOLB.L and SSLN.L shifts across timeframes, from 0.51 (10 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOLB.L vs. SSLN.L — Risk / Return Rank
GOLB.L
SSLN.L
GOLB.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.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.
| GOLB.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.98 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.72 | 6.53 | +0.19 |
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
| GOLB.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.11 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.70 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.57 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.17 | -0.03 |
Drawdowns
GOLB.L vs. SSLN.L - Drawdown Comparison
The maximum GOLB.L drawdown since its inception was -84.29%, which is greater than SSLN.L's maximum drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for GOLB.L and SSLN.L.
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Drawdown Indicators
| GOLB.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.29% | -69.95% | -14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | -38.72% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -28.11% | -38.72% | +10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -38.72% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | -38.72% | -5.35% |
Current DrawdownCurrent decline from peak | -23.56% | -33.62% | +10.06% |
Average DrawdownAverage peak-to-trough decline | -49.39% | -45.32% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.08% | 17.69% | -6.61% |
Volatility
GOLB.L vs. SSLN.L - Volatility Comparison
The current volatility for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) is 14.80%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.31%. This indicates that GOLB.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
| GOLB.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.80% | 16.31% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 33.10% | 51.81% | -18.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.89% | 54.53% | -12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.81% | 33.31% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.39% | 29.69% | +4.70% |
GOLB.L vs. SSLN.L - Expense Ratio Comparison
GOLB.L has a 0.65% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
GOLB.L vs. SSLN.L - Dividend Comparison
Neither GOLB.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
GOLB.L and SSLN.L have a correlation of 0.74, 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 0.65% for GOLB.L.
GOLB.L is categorized as Precious Metals, while SSLN.L is Silver. GOLB.L tracks EMIX Global Mining Global Gold TR USD, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: China Post Global and iShares. Their fees differ too: 0.65% for GOLB.L and 0.20% for SSLN.L.
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