PHSP.L vs. BCH-USD
PHSP.L (WisdomTree Physical Silver) is Silver fund tracking the LBMA Silver Price, while BCH-USD (Bitcoin Cash) is a cryptocurrency. Over the past 5 years, PHSP.L returned 19.89%/yr vs -18.06%/yr for BCH-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
PHSP.L vs. BCH-USD - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while BCH-USD is traded in USD. To make them comparable, the BCH-USD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHSP.L achieves a -5.51% return, which is significantly higher than BCH-USD's -66.01% return.
PHSP.L
- 1D
- 5.15%
- 1M
- -23.06%
- YTD
- -5.51%
- 6M
- 8.99%
- 1Y
- 87.72%
- 3Y*
- 38.02%
- 5Y*
- 19.89%
- 10Y*
- 14.58%
BCH-USD
- 1D
- -1.24%
- 1M
- -52.95%
- YTD
- -66.01%
- 6M
- -65.29%
- 1Y
- -51.52%
- 3Y*
- 21.82%
- 5Y*
- -18.06%
- 10Y*
- —
PHSP.L vs. BCH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -5.51% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 12.57% | -3.55% | -1.91% |
BCH-USD Bitcoin Cash | -66.01% | 28.31% | 73.52% | 149.91% | -74.87% | 26.88% | 63.11% | 32.69% | -94.12% | 364.99% |
Correlation
The correlation between PHSP.L and BCH-USD is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2017 | 0.07 |
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Return for Risk
PHSP.L vs. BCH-USD — Risk / Return Rank
PHSP.L
BCH-USD
PHSP.L vs. BCH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and Bitcoin Cash (BCH-USD). 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.
| PHSP.L | BCH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.89 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.74 | +2.81 |
| Martin ratioReturn relative to average drawdown | 4.66 | -2.27 | +6.92 |
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Drawdowns
PHSP.L vs. BCH-USD - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, smaller than the maximum BCH-USD drawdown of -97.75%. Use the drawdown chart below to compare losses from any high point for PHSP.L and BCH-USD.
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Drawdown Indicators
| PHSP.L | BCH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -97.75% | +27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -42.16% | -69.93% | +27.77% |
Max Drawdown (3Y)Largest decline over 3 years | -42.16% | -73.03% | +30.87% |
Max Drawdown (5Y)Largest decline over 5 years | -42.16% | -86.16% | +44.00% |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | — | — |
Current DrawdownCurrent decline from peak | -39.18% | -94.61% | +55.43% |
Average DrawdownAverage peak-to-trough decline | -44.03% | -85.90% | +41.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.77% | 26.85% | -8.08% |
Volatility
PHSP.L vs. BCH-USD - Volatility Comparison
The current volatility for WisdomTree Physical Silver (PHSP.L) is 14.36%, while Bitcoin Cash (BCH-USD) has a volatility of 27.30%. This indicates that PHSP.L experiences smaller price fluctuations and is considered to be less risky than BCH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSP.L | BCH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.36% | 27.30% | -12.94% |
Volatility (6M)Calculated over the trailing 6-month period | 51.78% | 49.44% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.77% | 55.62% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.25% | 68.18% | -31.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 94.20% | -63.12% |
Frequently Asked Questions
PHSP.L and BCH-USD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PHSP.L and BCH-USD
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