NRJL.L vs. SLV
NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and SLV (iShares Silver Trust) are both exchange-traded funds - NRJL.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, NRJL.L returned 9.77%/yr vs 11.08%/yr for SLV. At a 0.11 correlation, their price movements are largely independent. NRJL.L charges 0.60%/yr vs 0.50%/yr for SLV.
Performance
NRJL.L vs. SLV - Performance Comparison
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Different Trading Currencies
NRJL.L is traded in GBP, while SLV is traded in USD. To make them comparable, the SLV values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, NRJL.L achieves a 38.38% return, which is significantly higher than SLV's -15.54% return. Over the past 10 years, NRJL.L has underperformed SLV with an annualized return of 9.77%, while SLV has yielded a comparatively higher 11.08% annualized return.
NRJL.L
- 1D
- 2.18%
- 1M
- -0.27%
- YTD
- 38.38%
- 6M
- 37.58%
- 1Y
- 79.01%
- 3Y*
- 11.14%
- 5Y*
- 2.89%
- 10Y*
- 9.77%
SLV
- 1D
- 1.62%
- 1M
- -20.48%
- YTD
- -15.54%
- 6M
- -21.15%
- 1Y
- 68.97%
- 3Y*
- 34.90%
- 5Y*
- 18.18%
- 10Y*
- 11.08%
NRJL.L vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 38.38% | 35.47% | -11.56% | -22.87% | -8.74% | -5.40% | 33.09% | 47.31% | -7.75% | 15.17% |
SLV iShares Silver Trust | -15.54% | 127.23% | 23.00% | -6.03% | 14.54% | -11.63% | 42.98% | 10.51% | -3.81% | -3.33% |
Correlation
The correlation between NRJL.L and SLV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.11 |
Over the past year, NRJL.L and SLV have become more correlated (0.32) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
NRJL.L vs. SLV — Risk / Return Rank
NRJL.L
SLV
NRJL.L vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and iShares Silver Trust (SLV). 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.
| NRJL.L | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.25 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 7.92 | 1.43 | +6.49 |
| Martin ratioReturn relative to average drawdown | 28.54 | 3.17 | +25.37 |
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Drawdowns
NRJL.L vs. SLV - Drawdown Comparison
The maximum NRJL.L drawdown since its inception was -54.56%, smaller than the maximum SLV drawdown of -69.62%. Use the drawdown chart below to compare losses from any high point for NRJL.L and SLV.
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Drawdown Indicators
| NRJL.L | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.56% | -69.62% | +15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | -48.59% | +38.66% |
Max Drawdown (3Y)Largest decline over 3 years | -39.16% | -48.59% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -54.10% | -48.59% | -5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -54.56% | -48.59% | -5.97% |
Current DrawdownCurrent decline from peak | -3.27% | -47.20% | +43.93% |
Average DrawdownAverage peak-to-trough decline | -23.11% | -38.18% | +15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 21.83% | -19.07% |
Volatility
NRJL.L vs. SLV - Volatility Comparison
The current volatility for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) is 9.59%, while iShares Silver Trust (SLV) has a volatility of 14.77%. This indicates that NRJL.L experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRJL.L | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 14.77% | -5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 56.68% | -39.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.06% | 58.83% | -37.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.92% | 34.52% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 30.46% | -9.14% |
NRJL.L vs. SLV - Expense Ratio Comparison
NRJL.L has a 0.60% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
NRJL.L vs. SLV - Dividend Comparison
NRJL.L's dividend yield for the trailing twelve months is around 0.30%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 0.30% | 0.42% | 0.73% | 0.77% | 0.24% | 0.32% | 0.70% | 1.02% | 0.59% | 0.79% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRJL.L and SLV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLV is cheaper with a 0.50% expense ratio, compared with 0.60% for NRJL.L.
NRJL.L is categorized as Energy Equities, while SLV is Silver. NRJL.L tracks S&P Global Clean Energy TR USD, while SLV tracks LBMA Silver Price. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.60% for NRJL.L and 0.50% for SLV.
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