PHSP.L vs. OKTA
PHSP.L (WisdomTree Physical Silver) is Silver fund tracking the LBMA Silver Price, while OKTA (Okta, Inc.) is a stock. Over the past 5 years, PHSP.L returned 20.50%/yr vs -10.37%/yr for OKTA. At a 0.04 correlation, their price movements are largely independent.
Performance
PHSP.L vs. OKTA - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while OKTA is traded in USD. To make them comparable, the OKTA 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 lower than OKTA's 38.68% 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%
OKTA
- 1D
- 0.00%
- 1M
- 44.61%
- YTD
- 38.68%
- 6M
- 35.82%
- 1Y
- 14.56%
- 3Y*
- 16.16%
- 5Y*
- -10.37%
- 10Y*
- —
PHSP.L vs. OKTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -3.61% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 40.85% | 12.57% | -3.55% | -15.89% |
OKTA Okta, Inc. | 36.45% | 1.92% | -11.44% | 25.87% | -65.89% | -11.00% | 113.91% | 73.95% | 163.89% | -0.25% |
Correlation
The correlation between PHSP.L and OKTA is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2017 | 0.04 |
The correlation between PHSP.L and OKTA shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PHSP.L vs. OKTA — Risk / Return Rank
PHSP.L
OKTA
PHSP.L vs. OKTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and Okta, Inc. (OKTA). 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 | OKTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.11 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.39 | +1.98 |
| Martin ratioReturn relative to average drawdown | 5.08 | 0.93 | +4.16 |
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 | OKTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 0.27 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.18 | +0.75 |
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 | 0.34 | -0.22 |
Drawdowns
PHSP.L vs. OKTA - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, smaller than the maximum OKTA drawdown of -81.48%. Use the drawdown chart below to compare losses from any high point for PHSP.L and OKTA.
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Drawdown Indicators
| PHSP.L | OKTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -81.48% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -38.75% | -37.98% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -51.22% | +12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -80.17% | +41.42% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | — | — |
Current DrawdownCurrent decline from peak | -37.95% | -58.36% | +20.41% |
Average DrawdownAverage peak-to-trough decline | -44.04% | -37.67% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.05% | 17.92% | +0.13% |
Volatility
PHSP.L vs. OKTA - Volatility Comparison
The current volatility for WisdomTree Physical Silver (PHSP.L) is 15.86%, while Okta, Inc. (OKTA) has a volatility of 32.47%. This indicates that PHSP.L experiences smaller price fluctuations and is considered to be less risky than OKTA 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 | OKTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 32.47% | -16.61% |
Volatility (6M)Calculated over the trailing 6-month period | 51.58% | 47.64% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.42% | 54.31% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.13% | 56.42% | -20.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.02% | 53.75% | -22.73% |
Dividends
PHSP.L vs. OKTA - Dividend Comparison
Neither PHSP.L nor OKTA has paid dividends to shareholders.
Frequently Asked Questions
PHSP.L and OKTA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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