PEX vs. SSLN.L
PEX (ProShares Global Listed Private Equity ETF) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - PEX is a Financials Equities fund tracking the LPX Direct Listed Private Equity Index, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, PEX returned 4.55%/yr vs 14.24%/yr for SSLN.L. At a 0.16 correlation, their price movements are largely independent. PEX charges 3.13%/yr vs 0.20%/yr for SSLN.L.
Performance
PEX vs. SSLN.L - Performance Comparison
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Different Trading Currencies
PEX is traded in USD, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PEX achieves a -10.66% return, which is significantly lower than SSLN.L's -5.64% return. Over the past 10 years, PEX has underperformed SSLN.L with an annualized return of 4.55%, while SSLN.L has yielded a comparatively higher 14.24% annualized return.
PEX
- 1D
- 0.68%
- 1M
- 1.52%
- YTD
- -10.66%
- 6M
- -10.17%
- 1Y
- -11.68%
- 3Y*
- 3.51%
- 5Y*
- -0.81%
- 10Y*
- 4.55%
SSLN.L
- 1D
- 5.12%
- 1M
- -11.59%
- YTD
- -5.64%
- 6M
- 9.43%
- 1Y
- 86.49%
- 3Y*
- 41.29%
- 5Y*
- 19.02%
- 10Y*
- 14.24%
PEX vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | -10.66% | 0.21% | 13.05% | 23.11% | -25.98% | 28.34% | -1.14% | 25.53% | -13.31% | 14.33% |
SSLN.L iShares Physical Silver ETC | -5.64% | 147.64% | 21.15% | -1.25% | 3.38% | -12.63% | 45.36% | 17.20% | -8.94% | 3.39% |
Correlation
The correlation between PEX and SSLN.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2013 | 0.16 |
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Return for Risk
PEX vs. SSLN.L — Risk / Return Rank
PEX
SSLN.L
PEX vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) and iShares Physical Silver ETC (SSLN.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.
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.
| PEX | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.29 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.95 | -2.47 |
| Martin ratioReturn relative to average drawdown | -1.02 | 4.30 | -5.32 |
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Drawdowns
PEX vs. SSLN.L - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, smaller than the maximum SSLN.L drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for PEX and SSLN.L.
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Drawdown Indicators
| PEX | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.17% | -83.11% | +33.94% |
Max Drawdown (1Y)Largest decline over 1 year | -24.72% | -43.71% | +18.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -43.71% | +18.99% |
Max Drawdown (5Y)Largest decline over 5 years | -36.58% | -43.71% | +7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -49.17% | -43.71% | -5.46% |
Current DrawdownCurrent decline from peak | -19.26% | -40.83% | +21.57% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -65.48% | +57.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 19.83% | -7.16% |
Volatility
PEX vs. SSLN.L - Volatility Comparison
The current volatility for ProShares Global Listed Private Equity ETF (PEX) is 5.26%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 15.39%. This indicates that PEX experiences smaller price fluctuations and is considered to be less risky than SSLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEX | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 15.39% | -10.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 53.94% | -40.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 56.70% | -40.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 38.19% | -20.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.45% | 32.34% | -12.89% |
PEX vs. SSLN.L - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
PEX vs. SSLN.L - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 12.55%, while SSLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 12.55% | 12.80% | 14.11% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 3.24% | 12.50% |
SSLN.L iShares Physical Silver ETC | 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
PEX and SSLN.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 3.13% for PEX.
PEX is categorized as Financials Equities, while SSLN.L is Silver. PEX tracks LPX Direct Listed Private Equity Index, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: ProShares and iShares. Their fees differ too: 3.13% for PEX and 0.20% for SSLN.L.
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