SGBX.L vs. SSLV.L
SGBX.L (WisdomTree Physical Swiss Gold) and SSLV.L (Invesco Physical Silver ETC) are both exchange-traded funds - SGBX.L is a Precious Metals fund tracking the Gold, while SSLV.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SGBX.L returned 9.89%/yr vs 16.12%/yr for SSLV.L. A 0.64 correlation means they provide meaningful diversification when combined. SGBX.L charges 0.15%/yr vs 0.19%/yr for SSLV.L.
Performance
SGBX.L vs. SSLV.L - Performance Comparison
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Different Trading Currencies
SGBX.L is traded in GBp, while SSLV.L is traded in USD. To make them comparable, the SSLV.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGBX.L achieves a 1.46% return, which is significantly higher than SSLV.L's -2.99% return. Over the past 10 years, SGBX.L has underperformed SSLV.L with an annualized return of 9.89%, while SSLV.L has yielded a comparatively higher 16.12% annualized return.
SGBX.L
- 1D
- -2.31%
- 1M
- -5.79%
- YTD
- 1.46%
- 6M
- 2.61%
- 1Y
- 31.21%
- 3Y*
- 27.01%
- 5Y*
- 19.28%
- 10Y*
- 9.89%
SSLV.L
- 1D
- -6.08%
- 1M
- -9.30%
- YTD
- -2.99%
- 6M
- 17.58%
- 1Y
- 95.79%
- 3Y*
- 39.49%
- 5Y*
- 21.08%
- 10Y*
- 16.12%
SGBX.L vs. SSLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGBX.L WisdomTree Physical Swiss Gold | 1.46% | 53.55% | 28.13% | 7.24% | 11.79% | -2.88% | 20.00% | 14.67% | 4.35% | -17.43% |
SSLV.L Invesco Physical Silver ETC | -2.99% | 130.03% | 23.21% | -5.87% | 15.90% | -12.13% | 41.64% | 11.88% | -3.11% | -5.48% |
Correlation
The correlation between SGBX.L and SSLV.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2011 | 0.64 |
The correlation between SGBX.L and SSLV.L shifts across timeframes, from 0.61 (5 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGBX.L vs. SSLV.L — Risk / Return Rank
SGBX.L
SSLV.L
SGBX.L vs. SSLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.L) and Invesco Physical Silver ETC (SSLV.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.
| SGBX.L | SSLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.46 | -0.75 |
| Martin ratioReturn relative to average drawdown | 4.54 | 5.34 | -0.80 |
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
| SGBX.L | SSLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.70 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.62 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.53 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
SGBX.L vs. SSLV.L - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -53.66%, smaller than the maximum SSLV.L drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for SGBX.L and SSLV.L.
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Drawdown Indicators
| SGBX.L | SSLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.66% | -69.99% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -38.71% | +20.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -38.71% | +18.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -38.71% | +18.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -38.71% | +4.21% |
Current DrawdownCurrent decline from peak | -18.19% | -37.66% | +19.47% |
Average DrawdownAverage peak-to-trough decline | -25.44% | -45.29% | +19.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 17.89% | -11.03% |
Volatility
SGBX.L vs. SSLV.L - Volatility Comparison
The current volatility for WisdomTree Physical Swiss Gold (SGBX.L) is 4.96%, while Invesco Physical Silver ETC (SSLV.L) has a volatility of 17.30%. This indicates that SGBX.L experiences smaller price fluctuations and is considered to be less risky than SSLV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGBX.L | SSLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 17.30% | -12.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.03% | 53.20% | -33.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.25% | 56.02% | -32.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.65% | 34.00% | -12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 30.14% | -10.95% |
SGBX.L vs. SSLV.L - Expense Ratio Comparison
SGBX.L has a 0.15% expense ratio, which is lower than SSLV.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGBX.L vs. SSLV.L - Dividend Comparison
Neither SGBX.L nor SSLV.L has paid dividends to shareholders.
Frequently Asked Questions
SGBX.L and SSLV.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.19% for SSLV.L.
SGBX.L is categorized as Precious Metals, while SSLV.L is Silver. SGBX.L tracks Gold, while SSLV.L tracks LBMA Silver Price. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.15% for SGBX.L and 0.19% for SSLV.L.
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