MLPD.L vs. XSLR.L
MLPD.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) and XSLR.L (Xtrackers IE Physical Silver ETC Securities) are both exchange-traded funds - MLPD.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while XSLR.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, MLPD.L returned 17.42%/yr vs 21.18%/yr for XSLR.L. At a 0.19 correlation, their price movements are largely independent. MLPD.L charges 0.50%/yr vs 0.20%/yr for XSLR.L.
Performance
MLPD.L vs. XSLR.L - Performance Comparison
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Returns By Period
In the year-to-date period, MLPD.L achieves a 19.38% return, which is significantly higher than XSLR.L's 2.41% return.
MLPD.L
- 1D
- 1.11%
- 1M
- 0.78%
- YTD
- 19.38%
- 6M
- 16.54%
- 1Y
- 16.43%
- 3Y*
- 19.18%
- 5Y*
- 17.42%
- 10Y*
- 7.30%
XSLR.L
- 1D
- -3.30%
- 1M
- -3.04%
- YTD
- 2.41%
- 6M
- 25.05%
- 1Y
- 112.50%
- 3Y*
- 45.43%
- 5Y*
- 21.18%
- 10Y*
- —
MLPD.L vs. XSLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 19.38% | 2.33% | 22.53% | 19.70% | 31.84% | 36.86% | 13.73% |
XSLR.L Xtrackers IE Physical Silver ETC Securities | 2.41% | 147.42% | 21.28% | -0.78% | 3.55% | -13.23% | 73.88% |
Correlation
The correlation between MLPD.L and XSLR.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.19 |
The correlation between MLPD.L and XSLR.L shifts across timeframes, from -0.06 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MLPD.L vs. XSLR.L — Risk / Return Rank
MLPD.L
XSLR.L
MLPD.L vs. XSLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) and Xtrackers IE Physical Silver ETC Securities (XSLR.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.
| MLPD.L | XSLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.74 | -0.82 |
| Martin ratioReturn relative to average drawdown | 4.95 | 6.02 | -1.07 |
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
| MLPD.L | XSLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.00 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.60 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.83 | -0.68 |
Drawdowns
MLPD.L vs. XSLR.L - Drawdown Comparison
The maximum MLPD.L drawdown since its inception was -82.22%, which is greater than XSLR.L's maximum drawdown of -40.77%. Use the drawdown chart below to compare losses from any high point for MLPD.L and XSLR.L.
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Drawdown Indicators
| MLPD.L | XSLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.22% | -40.77% | -41.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -40.77% | +32.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -40.77% | +23.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.78% | -40.77% | +18.99% |
Max Drawdown (10Y)Largest decline over 10 years | -75.74% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -35.69% | +32.98% |
Average DrawdownAverage peak-to-trough decline | -28.24% | -14.88% | -13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 18.62% | -15.31% |
Volatility
MLPD.L vs. XSLR.L - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPD.L) is 5.23%, while Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a volatility of 17.67%. This indicates that MLPD.L experiences smaller price fluctuations and is considered to be less risky than XSLR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPD.L | XSLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 17.67% | -12.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 53.52% | -42.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 55.91% | -41.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 35.24% | -14.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 35.17% | -6.82% |
MLPD.L vs. XSLR.L - Expense Ratio Comparison
MLPD.L has a 0.50% expense ratio, which is higher than XSLR.L's 0.20% expense ratio.
Dividends
MLPD.L vs. XSLR.L - Dividend Comparison
MLPD.L's dividend yield for the trailing twelve months is around 7.53%, while XSLR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPD.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 7.53% | 8.21% | 8.18% | 8.60% | 7.98% | 8.57% | 11.03% | 10.06% | 9.87% | 8.15% | 8.14% | 9.96% |
XSLR.L Xtrackers IE Physical Silver ETC Securities | 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
MLPD.L and XSLR.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSLR.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.L is cheaper with a 0.20% expense ratio, compared with 0.50% for MLPD.L.
MLPD.L is categorized as Energy Equities, while XSLR.L is Silver. MLPD.L tracks MSCI World/Energy NR USD, while XSLR.L tracks LBMA Silver Price. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.50% for MLPD.L and 0.20% for XSLR.L.
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