SGBX.L vs. XSLR.L
SGBX.L (WisdomTree Physical Swiss Gold) and XSLR.L (Xtrackers IE Physical Silver ETC Securities) are both exchange-traded funds - SGBX.L is a Precious Metals fund tracking the Gold, while XSLR.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, SGBX.L returned 19.84%/yr vs 22.56%/yr for XSLR.L. A 0.62 correlation means they provide meaningful diversification when combined. SGBX.L charges 0.15%/yr vs 0.20%/yr for XSLR.L.
Performance
SGBX.L vs. XSLR.L - Performance Comparison
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Different Trading Currencies
SGBX.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, SGBX.L achieves a 3.86% return, which is significantly higher than XSLR.L's 3.11% return.
SGBX.L
- 1D
- 0.68%
- 1M
- -3.57%
- YTD
- 3.86%
- 6M
- 5.03%
- 1Y
- 34.31%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
XSLR.L
- 1D
- 0.28%
- 1M
- -3.54%
- YTD
- 3.11%
- 6M
- 25.06%
- 1Y
- 108.19%
- 3Y*
- 42.24%
- 5Y*
- 22.56%
- 10Y*
- —
SGBX.L vs. XSLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 0.99% |
XSLR.L Xtrackers IE Physical Silver ETC Securities | 3.11% | 129.79% | 23.40% | -5.74% | 15.58% | -12.20% | 58.71% |
Correlation
The correlation between SGBX.L and XSLR.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.62 |
The correlation between SGBX.L and XSLR.L has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.
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Return for Risk
SGBX.L vs. XSLR.L — Risk / Return Rank
SGBX.L
XSLR.L
SGBX.L vs. XSLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.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.
| SGBX.L | XSLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.96 | -1.11 |
| Martin ratioReturn relative to average drawdown | 4.94 | 6.48 | -1.54 |
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 | XSLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 2.10 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.67 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.83 | +0.08 |
Drawdowns
SGBX.L vs. XSLR.L - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -22.29%, smaller than the maximum XSLR.L drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for SGBX.L and XSLR.L.
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Drawdown Indicators
| SGBX.L | XSLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -38.87% | +16.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -38.87% | +20.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -38.87% | +20.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -38.87% | +20.80% |
Current DrawdownCurrent decline from peak | -16.26% | -33.75% | +17.49% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -14.05% | +7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 17.77% | -11.01% |
Volatility
SGBX.L vs. XSLR.L - Volatility Comparison
The current volatility for WisdomTree Physical Swiss Gold (SGBX.L) is 5.08%, while Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a volatility of 16.83%. This indicates that SGBX.L experiences smaller price fluctuations and is considered to be less risky than XSLR.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 | XSLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 16.83% | -11.75% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 51.96% | -32.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 54.69% | -31.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 33.62% | -17.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 33.58% | -18.41% |
SGBX.L vs. XSLR.L - Expense Ratio Comparison
SGBX.L has a 0.15% expense ratio, which is lower than XSLR.L's 0.20% 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. XSLR.L - Dividend Comparison
Neither SGBX.L nor XSLR.L has paid dividends to shareholders.
Frequently Asked Questions
SGBX.L and XSLR.L have a correlation of 0.71, 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 0.20% for XSLR.L.
SGBX.L is categorized as Precious Metals, while XSLR.L is Silver. SGBX.L tracks Gold, while XSLR.L tracks LBMA Silver Price. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.15% for SGBX.L and 0.20% for XSLR.L.
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