PHSP.L vs. NEXI.MI
PHSP.L (WisdomTree Physical Silver) is Silver fund tracking the LBMA Silver Price, while NEXI.MI (Nexi S.p.A) is a stock. Over the past 5 years, PHSP.L returned 20.50%/yr vs -25.15%/yr for NEXI.MI. At a 0.09 correlation, their price movements are largely independent.
Performance
PHSP.L vs. NEXI.MI - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while NEXI.MI is traded in EUR. To make them comparable, the NEXI.MI 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 -3.61% return, which is significantly higher than NEXI.MI's -13.78% return.
PHSP.L
- 1D
- -0.11%
- 1M
- -12.62%
- YTD
- -3.61%
- 6M
- 17.65%
- 1Y
- 92.07%
- 3Y*
- 37.69%
- 5Y*
- 20.50%
- 10Y*
- 15.07%
NEXI.MI
- 1D
- -0.22%
- 1M
- -11.80%
- YTD
- -13.78%
- 6M
- -8.42%
- 1Y
- -28.76%
- 3Y*
- -19.26%
- 5Y*
- -25.15%
- 10Y*
- —
PHSP.L vs. NEXI.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -3.61% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 18.95% |
NEXI.MI Nexi S.p.A | -13.78% | -13.09% | -30.78% | -1.46% | -44.46% | -20.42% | 39.44% | 44.91% |
Correlation
The correlation between PHSP.L and NEXI.MI is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.09 |
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Return for Risk
PHSP.L vs. NEXI.MI — Risk / Return Rank
PHSP.L
NEXI.MI
PHSP.L vs. NEXI.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and Nexi S.p.A (NEXI.MI). 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 | NEXI.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.87 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.57 | +2.93 |
| Martin ratioReturn relative to average drawdown | 5.08 | -1.05 | +6.13 |
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 | NEXI.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | -0.79 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.70 | +1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.28 | +0.40 |
Drawdowns
PHSP.L vs. NEXI.MI - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, smaller than the maximum NEXI.MI drawdown of -84.77%. Use the drawdown chart below to compare losses from any high point for PHSP.L and NEXI.MI.
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Drawdown Indicators
| PHSP.L | NEXI.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -84.77% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -38.75% | -50.54% | +11.79% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -62.56% | +23.81% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -84.77% | +46.02% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | — | — |
Current DrawdownCurrent decline from peak | -37.95% | -79.91% | +41.96% |
Average DrawdownAverage peak-to-trough decline | -44.04% | -44.41% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.05% | 27.45% | -9.40% |
Volatility
PHSP.L vs. NEXI.MI - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) has a higher volatility of 15.86% compared to Nexi S.p.A (NEXI.MI) at 10.38%. This indicates that PHSP.L's price experiences larger fluctuations and is considered to be riskier than NEXI.MI 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 | NEXI.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 10.38% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 51.58% | 30.48% | +21.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.42% | 36.67% | +17.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.13% | 35.70% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.02% | 37.41% | -6.39% |
Dividends
PHSP.L vs. NEXI.MI - Dividend Comparison
PHSP.L has not paid dividends to shareholders, while NEXI.MI's dividend yield for the trailing twelve months is around 8.90%.
| Position | TTM | 2025 |
|---|---|---|
NEXI.MI Nexi S.p.A | 8.90% | 5.92% |
PHSP.L WisdomTree Physical Silver | 0.00% | 0.00% |
Frequently Asked Questions
PHSP.L and NEXI.MI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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