PHSP.L vs. XSLR.L
PHSP.L (WisdomTree Physical Silver) and XSLR.L (Xtrackers IE Physical Silver ETC Securities) are both Silver funds tracking the LBMA Silver Price, from WisdomTree and Xtrackers respectively. Both are passively managed. Over the past 5 years, PHSP.L returned 22.12%/yr vs 22.48%/yr for XSLR.L. With a 0.97 correlation, they move nearly in lockstep. PHSP.L charges 0.49%/yr vs 0.20%/yr for XSLR.L.
Performance
PHSP.L vs. XSLR.L - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while XSLR.L is traded in USD. To make them comparable, the XSLR.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 2.49% return, which is significantly lower than XSLR.L's 2.79% return.
PHSP.L
- 1D
- -3.07%
- 1M
- -1.75%
- YTD
- 2.49%
- 6M
- 23.74%
- 1Y
- 113.09%
- 3Y*
- 41.45%
- 5Y*
- 22.12%
- 10Y*
- 16.53%
XSLR.L
- 1D
- -3.04%
- 1M
- -1.95%
- YTD
- 2.79%
- 6M
- 24.39%
- 1Y
- 113.99%
- 3Y*
- 41.83%
- 5Y*
- 22.48%
- 10Y*
- —
PHSP.L vs. XSLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | 2.49% | 129.68% | 22.85% | -6.51% | 15.50% | -12.11% | 58.00% |
XSLR.L Xtrackers IE Physical Silver ETC Securities | 2.79% | 129.79% | 23.40% | -5.74% | 15.58% | -12.20% | 58.71% |
Correlation
The correlation between PHSP.L and XSLR.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.97 |
The correlation between PHSP.L and XSLR.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
PHSP.L vs. XSLR.L — Risk / Return Rank
PHSP.L
XSLR.L
PHSP.L vs. XSLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.L) and Xtrackers IE Physical Silver ETC Securities (XSLR.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 | XSLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.92 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.40 | 6.44 | -0.04 |
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 | XSLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.07 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.67 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.83 | -0.45 |
Drawdowns
PHSP.L vs. XSLR.L - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.01%, which is greater than XSLR.L's maximum drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for PHSP.L and XSLR.L.
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Drawdown Indicators
| PHSP.L | XSLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -38.87% | -31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -38.75% | -38.87% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -38.87% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -38.87% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | — | — |
Current DrawdownCurrent decline from peak | -34.02% | -33.96% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -40.07% | -14.04% | -26.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.60% | 17.64% | -0.04% |
Volatility
PHSP.L vs. XSLR.L - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) and Xtrackers IE Physical Silver ETC Securities (XSLR.L) have volatilities of 16.44% and 17.06%, 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 | XSLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.44% | 17.06% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 51.39% | 52.22% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.02% | 54.70% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.99% | 33.63% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.25% | 33.59% | -4.34% |
PHSP.L vs. XSLR.L - Expense Ratio Comparison
PHSP.L has a 0.49% expense ratio, which is higher than XSLR.L's 0.20% expense ratio.
Dividends
PHSP.L vs. XSLR.L - Dividend Comparison
Neither PHSP.L nor XSLR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, PHSP.L and XSLR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XSLR.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.L is cheaper with a 0.20% expense ratio, compared with 0.49% for PHSP.L.
Both ETFs track LBMA Silver Price. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.49% for PHSP.L and 0.20% for XSLR.L.
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