PHSP.L vs. GRID
PHSP.L (WisdomTree Physical Silver) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - PHSP.L is a Silver fund tracking the LBMA Silver Price, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, PHSP.L returned 10.07%/yr vs 18.17%/yr for GRID. At a 0.12 correlation, their price movements are largely independent. PHSP.L charges 0.49%/yr vs 0.70%/yr for GRID.
Performance
PHSP.L vs. GRID - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while GRID is traded in USD. To make them comparable, the GRID 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 -22.02% return, which is significantly lower than GRID's 16.93% return. Over the past 10 years, PHSP.L has underperformed GRID with an annualized return of 10.07%, while GRID has yielded a comparatively higher 18.17% annualized return.
PHSP.L
- 1D
- -0.64%
- 1M
- -16.75%
- 6M
- -37.43%
- YTD
- -22.02%
- 1Y
- 45.55%
- 3Y*
- 28.72%
- 5Y*
- 16.80%
- 10Y*
- 10.07%
GRID
- 1D
- 0.27%
- 1M
- -7.68%
- 6M
- 11.56%
- YTD
- 16.93%
- 1Y
- 25.08%
- 3Y*
- 18.14%
- 5Y*
- 16.07%
- 10Y*
- 18.17%
PHSP.L vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -22.02% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 12.57% | -3.55% | -5.67% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 16.93% | 20.42% | 17.20% | 15.50% | -3.65% | 28.86% | 44.47% | 37.37% | -18.11% | 16.42% |
Correlation
The correlation between PHSP.L and GRID is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.12 |
The correlation between PHSP.L and GRID shifts across timeframes, from 0.12 (10 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHSP.L vs. GRID — Risk / Return Rank
PHSP.L
GRID
PHSP.L vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.26 | -1.34 |
| Martin ratioReturn relative to average drawdown | 1.96 | 6.97 | -5.01 |
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Drawdowns
PHSP.L vs. GRID - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, which is greater than GRID's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for PHSP.L and GRID.
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Drawdown Indicators
| PHSP.L | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -34.09% | -35.95% |
Max Drawdown (1Y)Largest decline over 1 year | -49.80% | -11.17% | -38.63% |
Max Drawdown (3Y)Largest decline over 3 years | -49.80% | -22.93% | -26.87% |
Max Drawdown (5Y)Largest decline over 5 years | -49.80% | -22.93% | -26.87% |
Max Drawdown (10Y)Largest decline over 10 years | -49.80% | -34.09% | -15.71% |
Current DrawdownCurrent decline from peak | -49.80% | -10.93% | -38.87% |
Average DrawdownAverage peak-to-trough decline | -44.03% | -6.97% | -37.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.43% | 3.61% | +19.82% |
Volatility
PHSP.L vs. GRID - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) has a higher volatility of 12.52% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 8.43%. This indicates that PHSP.L's price experiences larger fluctuations and is considered to be riskier than GRID 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 | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 8.43% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 50.48% | 17.56% | +32.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.31% | 20.36% | +35.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.72% | 19.27% | +17.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 21.56% | +9.48% |
PHSP.L vs. GRID - Expense Ratio Comparison
PHSP.L has a 0.49% expense ratio, which is lower than GRID's 0.70% expense ratio.
Dividends
PHSP.L vs. GRID - Dividend Comparison
PHSP.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
PHSP.L WisdomTree Physical Silver | 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
PHSP.L and GRID have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PHSP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHSP.L is cheaper with a 0.49% expense ratio, compared with 0.70% for GRID.
PHSP.L is categorized as Silver, while GRID is Alternative Energy Equities. PHSP.L tracks LBMA Silver Price, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.49% for PHSP.L and 0.70% for GRID.
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