PHGP.L vs. SILG.L
PHGP.L (WisdomTree Physical Gold) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - PHGP.L is a Precious Metals fund tracking the Gold, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past 3 years, PHGP.L returned 27.79%/yr vs 45.51%/yr for SILG.L. A 0.54 correlation means they provide meaningful diversification when combined. PHGP.L charges 0.39%/yr vs 0.65%/yr for SILG.L.
Performance
PHGP.L vs. SILG.L - Performance Comparison
Loading charts...
Different Trading Currencies
PHGP.L is traded in GBp, while SILG.L is traded in GBP. To make them comparable, the SILG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHGP.L achieves a 3.81% return, which is significantly lower than SILG.L's 5.62% return.
PHGP.L
- 1D
- 0.71%
- 1M
- -1.41%
- YTD
- 3.81%
- 6M
- 5.28%
- 1Y
- 33.28%
- 3Y*
- 27.79%
- 5Y*
- 19.54%
- 10Y*
- 14.02%
SILG.L
- 1D
- 0.35%
- 1M
- 2.67%
- YTD
- 5.62%
- 6M
- 16.67%
- 1Y
- 98.68%
- 3Y*
- 45.51%
- 5Y*
- —
- 10Y*
- —
PHGP.L vs. SILG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PHGP.L WisdomTree Physical Gold | 3.81% | 53.14% | 27.85% | 6.97% | -1.51% |
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 5.62% | 153.98% | 13.53% | -6.34% | -8.01% |
Correlation
The correlation between PHGP.L and SILG.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.54 |
The correlation between PHGP.L and SILG.L shifts across timeframes, from 0.54 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHGP.L vs. SILG.L — Risk / Return Rank
PHGP.L
SILG.L
PHGP.L vs. SILG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold (PHGP.L) and Global X Silver Miners UCITS ETF USD Accumulating (SILG.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.
| PHGP.L | SILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.16 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.96 | 7.69 | -2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PHGP.L | SILG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.98 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.68 | -0.01 |
Drawdowns
PHGP.L vs. SILG.L - Drawdown Comparison
The maximum PHGP.L drawdown since its inception was -42.06%, which is greater than SILG.L's maximum drawdown of -32.00%. Use the drawdown chart below to compare losses from any high point for PHGP.L and SILG.L.
Loading charts...
Drawdown Indicators
| PHGP.L | SILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.06% | -32.00% | -10.06% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -30.90% | +13.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -30.90% | +13.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.37% | — | — |
Current DrawdownCurrent decline from peak | -16.07% | -24.56% | +8.49% |
Average DrawdownAverage peak-to-trough decline | -13.50% | -12.52% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 12.74% | -6.05% |
Volatility
PHGP.L vs. SILG.L - Volatility Comparison
The current volatility for WisdomTree Physical Gold (PHGP.L) is 5.10%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 18.48%. This indicates that PHGP.L experiences smaller price fluctuations and is considered to be less risky than SILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PHGP.L | SILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 18.48% | -13.38% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 39.95% | -20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 49.23% | -26.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 39.40% | -23.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 39.40% | -23.60% |
PHGP.L vs. SILG.L - Expense Ratio Comparison
PHGP.L has a 0.39% expense ratio, which is lower than SILG.L's 0.65% expense ratio.
Dividends
PHGP.L vs. SILG.L - Dividend Comparison
Neither PHGP.L nor SILG.L has paid dividends to shareholders.
Frequently Asked Questions
PHGP.L and SILG.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PHGP.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHGP.L is cheaper with a 0.39% expense ratio, compared with 0.65% for SILG.L.
PHGP.L is categorized as Precious Metals, while SILG.L is Silver. PHGP.L tracks Gold, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.39% for PHGP.L and 0.65% for SILG.L.
Find the right allocation for PHGP.L and SILG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer