PHPP.L vs. SSLN.L
PHPP.L (WisdomTree Physical Precious Metals) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - PHPP.L is a Precious Metals fund tracking the Precious Metals Basket, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, PHPP.L returned 13.52%/yr vs 16.71%/yr for SSLN.L. A 0.79 correlation means they provide meaningful diversification when combined. PHPP.L charges 0.44%/yr vs 0.20%/yr for SSLN.L.
Performance
PHPP.L vs. SSLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, PHPP.L achieves a 0.99% return, which is significantly lower than SSLN.L's 3.18% return. Over the past 10 years, PHPP.L has underperformed SSLN.L with an annualized return of 13.52%, while SSLN.L has yielded a comparatively higher 16.71% annualized return.
PHPP.L
- 1D
- 0.37%
- 1M
- -1.92%
- YTD
- 0.99%
- 6M
- 9.62%
- 1Y
- 51.59%
- 3Y*
- 25.31%
- 5Y*
- 12.75%
- 10Y*
- 13.52%
SSLN.L
- 1D
- 0.48%
- 1M
- 1.18%
- YTD
- 3.18%
- 6M
- 28.32%
- 1Y
- 115.93%
- 3Y*
- 42.31%
- 5Y*
- 22.99%
- 10Y*
- 16.71%
PHPP.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 0.99% | 72.45% | 17.27% | -8.55% | 11.64% | -10.26% | 22.29% | 22.41% | 5.44% | 5.38% |
SSLN.L iShares Physical Silver ETC | 3.18% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 40.73% | 12.68% | -3.48% | -5.59% |
Correlation
The correlation between PHPP.L and SSLN.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.79 |
The correlation between PHPP.L and SSLN.L shifts across timeframes, from 0.77 (10 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHPP.L vs. SSLN.L — Risk / Return Rank
PHPP.L
SSLN.L
PHPP.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (PHPP.L) 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.
| PHPP.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.98 | -0.87 |
| Martin ratioReturn relative to average drawdown | 5.01 | 6.53 | -1.51 |
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
| PHPP.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.11 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.57 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.17 | +0.34 |
Drawdowns
PHPP.L vs. SSLN.L - Drawdown Comparison
The maximum PHPP.L drawdown since its inception was -49.43%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for PHPP.L and SSLN.L.
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Drawdown Indicators
| PHPP.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -69.95% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -38.72% | +14.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -38.72% | +14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -38.72% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -26.89% | -38.72% | +11.83% |
Current DrawdownCurrent decline from peak | -22.56% | -33.62% | +11.06% |
Average DrawdownAverage peak-to-trough decline | -18.70% | -45.32% | +26.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 17.69% | -7.43% |
Volatility
PHPP.L vs. SSLN.L - Volatility Comparison
The current volatility for WisdomTree Physical Precious Metals (PHPP.L) is 7.69%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.31%. This indicates that PHPP.L 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
| PHPP.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 16.31% | -8.62% |
Volatility (6M)Calculated over the trailing 6-month period | 29.24% | 51.81% | -22.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.86% | 54.53% | -22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 33.31% | -11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 29.69% | -9.85% |
PHPP.L vs. SSLN.L - Expense Ratio Comparison
PHPP.L has a 0.44% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
PHPP.L vs. SSLN.L - Dividend Comparison
Neither PHPP.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, PHPP.L and SSLN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.44% for PHPP.L.
PHPP.L is categorized as Precious Metals, while SSLN.L is Silver. PHPP.L tracks Precious Metals Basket, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.44% for PHPP.L and 0.20% for SSLN.L.
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