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GRG.L vs. SSLN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRG.L vs. SSLN.L

Last updated Jun 5, 2026

GRG.L (Greggs plc) is a stock, while SSLN.L (iShares Physical Silver ETC) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, GRG.L returned 7.55%/yr vs 16.71%/yr for SSLN.L. At a 0.03 correlation, their price movements are largely independent.

Performance

GRG.L vs. SSLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Greggs plc (GRG.L) and iShares Physical Silver ETC (SSLN.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GRG.L achieves a 3.44% return, which is significantly higher than SSLN.L's 3.18% return. Over the past 10 years, GRG.L has underperformed SSLN.L with an annualized return of 7.55%, while SSLN.L has yielded a comparatively higher 16.71% annualized return.

GRG.L

1D
0.78%
1M
11.24%
YTD
3.44%
6M
3.81%
1Y
-10.82%
3Y*
-11.53%
5Y*
-4.96%
10Y*
7.55%

SSLN.L

1D
0.48%
1M
-3.40%
YTD
3.18%
6M
25.57%
1Y
108.67%
3Y*
42.31%
5Y*
22.99%
10Y*
16.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GRG.L vs. SSLN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GRG.L
Greggs plc		3.44%-37.28%11.16%13.40%-26.55%87.35%-20.60%88.25%-6.96%48.41%
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 GRG.L and SSLN.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Apr 13, 2011

0.03

The correlation between GRG.L and SSLN.L shifts across timeframes, from 0.03 (10 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.

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Greggs plc

iShares Physical Silver ETC

Often compared with GRG.L:
GRG.L vs. REL.LGRG.L vs. CWK.LGRG.L vs. VGRG.L vs. SPYGRG.L vs. ^GSPCGRG.L vs. BME.LGRG.L vs. CELH
Often compared with SSLN.L:
SSLN.L vs. PHSP.LSSLN.L vs. SLVPSSLN.L vs. SGLP.LSSLN.L vs. SILG.LSSLN.L vs. ISLN.LSSLN.L vs. HOC.LSSLN.L vs. AG

Return for Risk

GRG.L vs. SSLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRG.L
GRG.L Risk / Return Rank: 2323
Overall Rank
GRG.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
GRG.L Sortino Ratio Rank: 2121
Sortino Ratio Rank
GRG.L Omega Ratio Rank: 2121
Omega Ratio Rank
GRG.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
GRG.L Martin Ratio Rank: 2525
Martin Ratio Rank
SSLN.L
SSLN.L Risk / Return Rank: 5656
Overall Rank
SSLN.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SSLN.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
SSLN.L Omega Ratio Rank: 6262
Omega Ratio Rank
SSLN.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
SSLN.L Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRG.L vs. SSLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Greggs plc (GRG.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.

GRG.LSSLN.LDifference
Sharpe ratioReturn per unit of total volatility
-0.44
2.11

-2.56

Sortino ratioReturn per unit of downside risk
-0.43
2.42

-2.85

Omega ratioGain probability vs. loss probability

0.94

1.37

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.52

2.98

-3.50

Martin ratioReturn relative to average drawdown

-0.85

6.53

-7.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRG.L vs. SSLN.L - Sharpe Ratio Comparison

The current GRG.L Sharpe Ratio is -0.44, which is lower than the SSLN.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of GRG.L and SSLN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GRG.LSSLN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.44

2.11

-2.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.70

-0.86

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.23

0.57

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.17

+0.46

Drawdowns

GRG.L vs. SSLN.L - Drawdown Comparison

The maximum GRG.L drawdown since its inception was -53.77%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for GRG.L and SSLN.L.

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Drawdown Indicators

GRG.LSSLN.LDifference

Max Drawdown

Largest peak-to-trough decline

-53.77%

-69.95%

+16.18%

Max Drawdown (1Y)

Largest decline over 1 year

-27.81%

-38.72%

+10.91%

Max Drawdown (3Y)

Largest decline over 3 years

-53.77%

-38.72%

-15.05%

Max Drawdown (5Y)

Largest decline over 5 years

-53.77%

-38.72%

-15.05%

Max Drawdown (10Y)

Largest decline over 10 years

-53.77%

-38.72%

-15.05%

Current Drawdown

Current decline from peak

-43.34%

-33.62%

-9.72%

Average Drawdown

Average peak-to-trough decline

-13.31%

-45.32%

+32.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.99%

17.69%

-0.70%

Volatility

GRG.L vs. SSLN.L - Volatility Comparison

The current volatility for Greggs plc (GRG.L) is 10.43%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.31%. This indicates that GRG.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

GRG.LSSLN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.43%

16.31%

-5.88%

Volatility (6M)

Calculated over the trailing 6-month period

21.02%

51.81%

-30.79%

Volatility (1Y)

Calculated over the trailing 1-year period

32.80%

54.53%

-21.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.56%

33.31%

-2.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.28%

29.69%

+3.59%

Dividends

GRG.L vs. SSLN.L - Dividend Comparison

GRG.L's dividend yield for the trailing twelve months is around 4.10%, while SSLN.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GRG.L
Greggs plc		4.10%4.11%3.77%2.31%4.13%0.45%1.84%3.13%2.58%2.27%5.23%3.30%
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

GRG.L and SSLN.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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