PEP vs. PHSP.L

Last updated Jun 9, 2026

PEP (PepsiCo, Inc.) is a stock, while PHSP.L (WisdomTree Physical Silver) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, PEP returned 6.34%/yr vs 14.31%/yr for PHSP.L. At a 0.05 correlation, their price movements are largely independent.

Performance

PEP vs. PHSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) and WisdomTree Physical Silver (PHSP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PEP is traded in USD, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PEP achieves a -0.06% return, which is significantly higher than PHSP.L's -4.46% return. Over the past 10 years, PEP has underperformed PHSP.L with an annualized return of 6.34%, while PHSP.L has yielded a comparatively higher 14.31% annualized return.

PEP

• 1D: -0.87%
• 1M: -8.06%
• YTD: -0.06%
• 6M: -1.51%
• 1Y: 12.47%
• 3Y*: -5.03%
• 5Y*: 2.44%
• 10Y*: 6.34%

PHSP.L

• 1D: -0.05%
• 1M: -14.48%
• YTD: -4.46%
• 6M: 17.79%
• 1Y: 89.41%
• 3Y*: 40.40%
• 5Y*: 19.14%
• 10Y*: 14.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEP vs. PHSP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEP PepsiCo, Inc.	-0.06%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%
PHSP.L WisdomTree Physical Silver	-4.46%	147.01%	20.80%	-1.58%	3.15%	-12.90%	45.17%	17.09%	-9.01%	3.31%

Correlation

The correlation between PEP and PHSP.L is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008	0.05

Return for Risk

PEP vs. PHSP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEP

PEP Risk / Return Rank: 58
PEP Sharpe Ratio Rank: 62
PEP Sortino Ratio Rank: 56
PEP Omega Ratio Rank: 53
PEP Calmar Ratio Rank: 59
PEP Martin Ratio Rank: 62

PHSP.L

PHSP.L Risk / Return Rank: 50
PHSP.L Sharpe Ratio Rank: 55
PHSP.L Sortino Ratio Rank: 47
PHSP.L Omega Ratio Rank: 57
PHSP.L Calmar Ratio Rank: 53
PHSP.L Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEP vs. PHSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.

	PEP	PHSP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.59	-1.02
Sortino ratio: Return per unit of downside risk	1.05	2.01	-0.96
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.77	2.18	-1.40
Martin ratio: Return relative to average drawdown	2.04	4.66	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEP vs. PHSP.L - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.58, which is lower than the PHSP.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of PEP and PHSP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PEP	PHSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.59	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.51	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.44	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.08	+0.30

Drawdowns

PEP vs. PHSP.L - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, roughly equal to the maximum PHSP.L drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for PEP and PHSP.L.

Drawdown Indicators

	PEP	PHSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-73.92%	-77.00%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	-40.88%	+24.63%
Max Drawdown (3Y) Largest decline over 3 years	-29.17%	-40.88%	+11.71%
Max Drawdown (5Y) Largest decline over 5 years	-30.32%	-40.88%	+10.56%
Max Drawdown (10Y) Largest decline over 10 years	-30.32%	-43.76%	+13.44%
Current Drawdown Current decline from peak	-19.80%	-40.05%	+20.25%
Average Drawdown Average peak-to-trough decline	-13.65%	-52.75%	+39.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	19.13%	-13.01%

Volatility

PEP vs. PHSP.L - Volatility Comparison

The current volatility for PepsiCo, Inc. (PEP) is 6.35%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 16.82%. This indicates that PEP 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.

Volatility by Period

	PEP	PHSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.35%	16.82%	-10.47%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	53.16%	-38.24%
Volatility (1Y) Calculated over the trailing 1-year period	21.77%	55.91%	-34.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	37.93%	-19.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	32.23%	-12.56%

Dividends

PEP vs. PHSP.L - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 4.09%, while PHSP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEP PepsiCo, Inc.	4.09%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%
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

Can I hold both PEP and PHSP.L in my portfolio?

PEP and PHSP.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.