HUZ.TO vs. XSLE.DE
HUZ.TO (Global X Silver ETF) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both Silver funds - HUZ.TO tracks the Solactive Silver Front Month MD Rolling Futures Index while XSLE.DE tracks the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, HUZ.TO returned 13.38%/yr vs 14.42%/yr for XSLE.DE. A 0.79 correlation means they provide meaningful diversification when combined. HUZ.TO charges 1.18%/yr vs 0.73%/yr for XSLE.DE.
Performance
HUZ.TO vs. XSLE.DE - Performance Comparison
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Different Trading Currencies
HUZ.TO is traded in CAD, while XSLE.DE is traded in EUR. To make them comparable, the XSLE.DE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HUZ.TO achieves a -21.70% return, which is significantly higher than XSLE.DE's -29.00% return.
HUZ.TO
- 1D
- 0.44%
- 1M
- -13.41%
- 6M
- -41.80%
- YTD
- -21.70%
- 1Y
- 39.76%
- 3Y*
- 26.19%
- 5Y*
- 13.38%
- 10Y*
- 7.17%
- ALL TIME*
- 4.15%
XSLE.DE
- 1D
- 0.00%
- 1M
- -14.67%
- 6M
- -43.11%
- YTD
- -29.00%
- 1Y
- 36.77%
- 3Y*
- 30.23%
- 5Y*
- 14.42%
- 10Y*
- —
- ALL TIME*
- 19.54%
HUZ.TO vs. XSLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HUZ.TO Global X Silver ETF | -21.70% | 129.20% | 18.72% | -3.75% | 1.17% | -15.10% | 62.52% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -29.00% | 167.43% | 23.32% | -4.19% | 0.47% | -22.22% | 71.92% |
Correlation
The correlation between HUZ.TO and XSLE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.79 |
The correlation between HUZ.TO and XSLE.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
HUZ.TO vs. XSLE.DE — Risk / Return Rank
HUZ.TO
XSLE.DE
HUZ.TO vs. XSLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver ETF (HUZ.TO) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HUZ.TO | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.76 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.52 | 1.54 | -0.02 |
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Drawdowns
HUZ.TO vs. XSLE.DE - Drawdown Comparison
The maximum HUZ.TO drawdown since its inception was -81.06%, which is greater than XSLE.DE's maximum drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for HUZ.TO and XSLE.DE.
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Drawdown Indicators
| HUZ.TO | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.06% | -52.74% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -53.47% | -52.74% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -52.74% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -53.47% | -52.74% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -53.47% | — | — |
Current DrawdownCurrent decline from peak | -52.67% | -52.74% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -55.75% | -22.67% | -33.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.23% | 25.98% | +0.25% |
Volatility
HUZ.TO vs. XSLE.DE - Volatility Comparison
Global X Silver ETF (HUZ.TO) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) have volatilities of 12.87% and 13.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUZ.TO | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 13.27% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 57.05% | 53.87% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.38% | 60.27% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.00% | 38.54% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.50% | 38.27% | -4.77% |
HUZ.TO vs. XSLE.DE - Expense Ratio Comparison
HUZ.TO has a 1.18% expense ratio, which is higher than XSLE.DE's 0.73% expense ratio.
Dividends
HUZ.TO vs. XSLE.DE - Dividend Comparison
Neither HUZ.TO nor XSLE.DE has paid dividends to shareholders.
Frequently Asked Questions
HUZ.TO and XSLE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSLE.DE is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLE.DE is cheaper with a 0.73% expense ratio, compared with 1.18% for HUZ.TO.
HUZ.TO tracks Solactive Silver Front Month MD Rolling Futures Index, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). They also come from different issuers: Global X and Xtrackers. Their fees differ too: 1.18% for HUZ.TO and 0.73% for XSLE.DE.
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