ISP6.L vs. PHSP.L
ISP6.L (iShares S&P SmallCap 600 UCITS ETF) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, ISP6.L returned 11.01%/yr vs 16.46%/yr for PHSP.L. At a 0.11 correlation, their price movements are largely independent. ISP6.L charges 0.40%/yr vs 0.49%/yr for PHSP.L.
Performance
ISP6.L vs. PHSP.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISP6.L achieves a 15.45% return, which is significantly higher than PHSP.L's 2.97% return. Over the past 10 years, ISP6.L has underperformed PHSP.L with an annualized return of 11.01%, while PHSP.L has yielded a comparatively higher 16.46% annualized return.
ISP6.L
- 1D
- 1.09%
- 1M
- 2.81%
- YTD
- 15.45%
- 6M
- 14.84%
- 1Y
- 34.21%
- 3Y*
- 12.19%
- 5Y*
- 6.63%
- 10Y*
- 11.01%
PHSP.L
- 1D
- 0.46%
- 1M
- 1.03%
- YTD
- 2.97%
- 6M
- 28.18%
- 1Y
- 115.25%
- 3Y*
- 41.79%
- 5Y*
- 22.23%
- 10Y*
- 16.46%
ISP6.L vs. PHSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 15.45% | -0.91% | 8.76% | 10.98% | -6.72% | 27.86% | 6.87% | 17.51% | -4.56% | 3.05% |
PHSP.L WisdomTree Physical Silver | 2.97% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 12.57% | -3.55% | -5.67% |
Correlation
The correlation between ISP6.L and PHSP.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 13, 2008 | 0.11 |
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Return for Risk
ISP6.L vs. PHSP.L — Risk / Return Rank
ISP6.L
PHSP.L
ISP6.L vs. PHSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and WisdomTree Physical Silver (PHSP.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.
| ISP6.L | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 2.96 | +2.32 |
| Martin ratioReturn relative to average drawdown | 15.98 | 6.48 | +9.51 |
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
| ISP6.L | PHSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.12 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.67 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.56 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.37 | +0.20 |
Drawdowns
ISP6.L vs. PHSP.L - Drawdown Comparison
The maximum ISP6.L drawdown since its inception was -39.08%, smaller than the maximum PHSP.L drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for ISP6.L and PHSP.L.
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Drawdown Indicators
| ISP6.L | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.08% | -70.01% | +30.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -38.75% | +32.30% |
Max Drawdown (3Y)Largest decline over 3 years | -30.26% | -38.75% | +8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -38.75% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -39.08% | -38.75% | -0.33% |
Current DrawdownCurrent decline from peak | 0.00% | -33.72% | +33.72% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -40.07% | +32.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 17.73% | -15.60% |
Volatility
ISP6.L vs. PHSP.L - Volatility Comparison
The current volatility for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) is 3.96%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 16.28%. This indicates that ISP6.L experiences smaller price fluctuations and is considered to be less risky than PHSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISP6.L | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 16.28% | -12.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 51.17% | -40.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 54.02% | -38.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 32.98% | -13.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 29.24% | -8.79% |
ISP6.L vs. PHSP.L - Expense Ratio Comparison
ISP6.L has a 0.40% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.
Dividends
ISP6.L vs. PHSP.L - Dividend Comparison
ISP6.L's dividend yield for the trailing twelve months is around 1.02%, while PHSP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 1.02% | 1.22% | 1.15% | 1.08% | 1.00% | 0.65% | 0.94% | 0.97% | 0.96% | 0.78% | 0.77% | 0.53% |
PHSP.L WisdomTree Physical Silver | 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
ISP6.L and PHSP.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISP6.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISP6.L is cheaper with a 0.40% expense ratio, compared with 0.49% for PHSP.L.
ISP6.L is categorized as Small Cap Blend Equities, while PHSP.L is Silver. ISP6.L tracks Russell 2000 TR USD, while PHSP.L tracks LBMA Silver Price. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.40% for ISP6.L and 0.49% for PHSP.L.
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