PHSP.L vs. BRNT.L
PHSP.L (WisdomTree Physical Silver) and BRNT.L (WisdomTree Brent Crude Oil) are both exchange-traded funds - PHSP.L is a Silver fund tracking the LBMA Silver Price, while BRNT.L is a Oil & Gas fund tracking the Bloomberg Brent Crude Subindex. Both are passively managed. Over the past 10 years, PHSP.L returned 16.46%/yr vs 14.44%/yr for BRNT.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
PHSP.L vs. BRNT.L - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while BRNT.L is traded in USD. To make them comparable, the BRNT.L 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 2.97% return, which is significantly lower than BRNT.L's 80.86% return. Over the past 10 years, PHSP.L has outperformed BRNT.L with an annualized return of 16.46%, while BRNT.L has yielded a comparatively lower 14.44% annualized return.
PHSP.L
- 1D
- 0.46%
- 1M
- 1.03%
- YTD
- 2.97%
- 6M
- 28.18%
- 1Y
- 115.25%
- 3Y*
- 41.79%
- 5Y*
- 22.23%
- 10Y*
- 16.46%
BRNT.L
- 1D
- -2.63%
- 1M
- -8.78%
- YTD
- 80.86%
- 6M
- 74.99%
- 1Y
- 86.41%
- 3Y*
- 21.44%
- 5Y*
- 24.84%
- 10Y*
- 14.44%
PHSP.L vs. BRNT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | 2.97% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 12.57% | -3.55% | -5.67% |
BRNT.L WisdomTree Brent Crude Oil | 80.86% | -13.01% | 9.33% | -3.98% | 51.16% | 67.83% | -35.18% | 27.12% | -8.81% | 2.67% |
Correlation
The correlation between PHSP.L and BRNT.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2012 | 0.11 |
The correlation between PHSP.L and BRNT.L shifts across timeframes, from -0.15 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PHSP.L vs. BRNT.L — Risk / Return Rank
PHSP.L
BRNT.L
PHSP.L vs. BRNT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and WisdomTree Brent Crude Oil (BRNT.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.
| PHSP.L | BRNT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.67 | -1.71 |
| Martin ratioReturn relative to average drawdown | 6.48 | 8.70 | -2.23 |
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
| PHSP.L | BRNT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.96 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.71 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.41 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.08 | +0.29 |
Drawdowns
PHSP.L vs. BRNT.L - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.01%, smaller than the maximum BRNT.L drawdown of -82.19%. Use the drawdown chart below to compare losses from any high point for PHSP.L and BRNT.L.
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Drawdown Indicators
| PHSP.L | BRNT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -82.19% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -38.75% | -18.40% | -20.35% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -27.96% | -10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -34.39% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -70.61% | +31.86% |
Current DrawdownCurrent decline from peak | -33.72% | -8.90% | -24.82% |
Average DrawdownAverage peak-to-trough decline | -40.07% | -41.49% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.73% | 9.90% | +7.83% |
Volatility
PHSP.L vs. BRNT.L - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) and WisdomTree Brent Crude Oil (BRNT.L) have volatilities of 16.28% and 15.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSP.L | BRNT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 15.69% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 51.17% | 38.01% | +13.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.02% | 43.83% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.98% | 35.10% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.24% | 35.53% | -6.29% |
PHSP.L vs. BRNT.L - Expense Ratio Comparison
Both PHSP.L and BRNT.L have an expense ratio of 0.49%.
Dividends
PHSP.L vs. BRNT.L - Dividend Comparison
Neither PHSP.L nor BRNT.L has paid dividends to shareholders.
Frequently Asked Questions
PHSP.L and BRNT.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.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PHSP.L and BRNT.L have the same expense ratio: 0.49% per year.
PHSP.L is categorized as Silver, while BRNT.L is Oil & Gas. PHSP.L tracks LBMA Silver Price, while BRNT.L tracks Bloomberg Brent Crude Subindex.
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