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 15.84%/yr vs 15.26%/yr for XAGUSD=X. A 0.71 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 2.87% return, which is significantly higher than XAGUSD=X's -5.75% return. Both investments have delivered pretty close results over the past 10 years, with ISLN.L having a 15.84% annualized return and XAGUSD=X not far behind at 15.26%.
ISLN.L
- 1D
- 0.43%
- 1M
- -4.73%
- YTD
- 2.87%
- 6M
- 26.48%
- 1Y
- 106.40%
- 3Y*
- 45.97%
- 5Y*
- 21.30%
- 10Y*
- 15.84%
XAGUSD=X
- 1D
- -8.28%
- 1M
- -12.41%
- YTD
- -5.75%
- 6M
- 16.23%
- 1Y
- 89.67%
- 3Y*
- 42.06%
- 5Y*
- 19.47%
- 10Y*
- 15.26%
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 | 2.87% | 147.59% | 21.12% | -0.77% | 3.39% | -12.85% | 45.85% | 16.35% | -8.76% | 3.68% |
XAGUSD=X Silver Spot Price US Dollar | -5.75% | 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 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.71 |
The correlation between ISLN.L and XAGUSD=X has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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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.
| ISLN.L | XAGUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.53 | +1.25 |
| Martin ratioReturn relative to average drawdown | 6.08 | 3.36 | +2.72 |
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
| ISLN.L | XAGUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.25 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.50 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.46 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.27 | -0.15 |
Drawdowns
ISLN.L vs. XAGUSD=X - Drawdown Comparison
The maximum ISLN.L drawdown since its inception was -76.63%, 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 | -76.63% | -75.36% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -44.14% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -40.67% | -44.14% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -40.67% | -44.14% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -42.90% | -44.14% | +1.24% |
Current DrawdownCurrent decline from peak | -35.25% | -42.01% | +6.76% |
Average DrawdownAverage peak-to-trough decline | -54.28% | -44.65% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.63% | 22.31% | -3.68% |
Volatility
ISLN.L vs. XAGUSD=X - Volatility Comparison
iShares Physical Silver ETC (ISLN.L) has a higher volatility of 17.61% compared to Silver Spot Price US Dollar (XAGUSD=X) at 16.05%. This indicates that ISLN.L's price experiences larger fluctuations and is considered to be riskier than XAGUSD=X based on this measure. 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 | 17.61% | 16.05% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 54.22% | 56.64% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.90% | 54.03% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.49% | 34.84% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.92% | 31.15% | -0.23% |
Frequently Asked Questions
ISLN.L and XAGUSD=X have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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