ISLN.L vs. XAGUSD=X
ISLN.L (iShares Physical Silver ETC) is Silver fund tracking the LBMA Silver Price, while XAGUSD=X (Silver Spot Price US Dollar) is a currency. Over the past 10 years, ISLN.L returned 12.33%/yr vs 12.43%/yr for XAGUSD=X. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
ISLN.L vs. XAGUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, ISLN.L achieves a -18.60% return, which is significantly higher than XAGUSD=X's -20.25% return. Both investments have delivered pretty close results over the past 10 years, with ISLN.L having a 12.33% annualized return and XAGUSD=X not far ahead at 12.43%.
ISLN.L
- 1D
- -1.03%
- 1M
- -23.29%
- YTD
- -18.60%
- 6M
- -19.45%
- 1Y
- 61.94%
- 3Y*
- 36.42%
- 5Y*
- 17.24%
- 10Y*
- 12.33%
XAGUSD=X
- 1D
- -0.05%
- 1M
- -25.55%
- YTD
- -20.25%
- 6M
- -21.81%
- 1Y
- 57.77%
- 3Y*
- 35.93%
- 5Y*
- 17.00%
- 10Y*
- 12.43%
ISLN.L vs. XAGUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISLN.L iShares Physical Silver ETC | -18.60% | 147.62% | 21.10% | -0.76% | 3.39% | -12.85% | 45.85% | 16.36% | -8.76% | 3.66% |
XAGUSD=X Silver Spot Price US Dollar | -20.25% | 148.50% | 21.59% | -0.79% | 2.85% | -11.48% | 47.14% | 15.71% | -8.76% | 6.61% |
Correlation
The correlation between ISLN.L and XAGUSD=X is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.75 |
The correlation between ISLN.L and XAGUSD=X shifts across timeframes, from 0.66 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ISLN.L vs. XAGUSD=X — Risk / Return Rank
ISLN.L
XAGUSD=X
ISLN.L vs. XAGUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (ISLN.L) and Silver Spot Price US Dollar (XAGUSD=X). 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.
| ISLN.L | XAGUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.87 | +0.39 |
| Martin ratioReturn relative to average drawdown | 2.90 | 1.97 | +0.93 |
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Drawdowns
ISLN.L vs. XAGUSD=X - Drawdown Comparison
The maximum ISLN.L drawdown since its inception was -76.69%, roughly equal to the maximum XAGUSD=X drawdown of -75.36%. Use the drawdown chart below to compare losses from any high point for ISLN.L and XAGUSD=X.
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Drawdown Indicators
| ISLN.L | XAGUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.69% | -75.36% | -1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -48.76% | -50.93% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -48.76% | -50.93% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -48.76% | -50.93% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.76% | -50.93% | +2.17% |
Current DrawdownCurrent decline from peak | -48.76% | -50.93% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -53.70% | -44.79% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.29% | 25.06% | -3.77% |
Volatility
ISLN.L vs. XAGUSD=X - Volatility Comparison
iShares Physical Silver ETC (ISLN.L) and Silver Spot Price US Dollar (XAGUSD=X) have volatilities of 15.41% and 15.94%, 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
| ISLN.L | XAGUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.41% | 15.94% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 55.62% | 55.54% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.82% | 55.26% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 35.23% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.26% | 31.36% | -0.10% |
Frequently Asked Questions
ISLN.L and XAGUSD=X have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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