SILG.L vs. SLVR.L
SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) and SLVR.L (WisdomTree Silver) are both Silver funds - SILG.L tracks the Solactive Global Silver Miners Total Return v2 Index while SLVR.L tracks the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, SILG.L returned 45.51%/yr vs 39.80%/yr for SLVR.L. A 0.72 correlation means they provide meaningful diversification when combined. SILG.L charges 0.65%/yr vs 0.49%/yr for SLVR.L.
Performance
SILG.L vs. SLVR.L - Performance Comparison
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Different Trading Currencies
SILG.L is traded in GBP, while SLVR.L is traded in USD. To make them comparable, the SLVR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SILG.L achieves a 5.62% return, which is significantly higher than SLVR.L's 4.04% return.
SILG.L
- 1D
- 0.35%
- 1M
- 2.67%
- YTD
- 5.62%
- 6M
- 16.67%
- 1Y
- 98.68%
- 3Y*
- 45.51%
- 5Y*
- —
- 10Y*
- —
SLVR.L
- 1D
- 0.43%
- 1M
- 0.90%
- YTD
- 4.04%
- 6M
- 27.59%
- 1Y
- 111.39%
- 3Y*
- 39.80%
- 5Y*
- 20.48%
- 10Y*
- 14.35%
SILG.L vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 5.62% | 153.98% | 13.53% | -6.34% | -8.01% |
SLVR.L WisdomTree Silver | 4.04% | 119.85% | 22.25% | -7.44% | 7.70% |
Correlation
The correlation between SILG.L and SLVR.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.72 |
The correlation between SILG.L and SLVR.L has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
SILG.L vs. SLVR.L — Risk / Return Rank
SILG.L
SLVR.L
SILG.L vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) and WisdomTree Silver (SLVR.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.
| SILG.L | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.86 | +0.30 |
| Martin ratioReturn relative to average drawdown | 7.69 | 6.24 | +1.46 |
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
| SILG.L | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.93 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.29 | +0.38 |
Drawdowns
SILG.L vs. SLVR.L - Drawdown Comparison
The maximum SILG.L drawdown since its inception was -32.00%, smaller than the maximum SLVR.L drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for SILG.L and SLVR.L.
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Drawdown Indicators
| SILG.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.00% | -72.07% | +40.07% |
Max Drawdown (1Y)Largest decline over 1 year | -30.90% | -38.77% | +7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -38.77% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.80% | — |
Current DrawdownCurrent decline from peak | -24.56% | -33.71% | +9.15% |
Average DrawdownAverage peak-to-trough decline | -12.52% | -43.50% | +30.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.74% | 17.80% | -5.06% |
Volatility
SILG.L vs. SLVR.L - Volatility Comparison
Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a higher volatility of 18.48% compared to WisdomTree Silver (SLVR.L) at 17.02%. This indicates that SILG.L's price experiences larger fluctuations and is considered to be riskier than SLVR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILG.L | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.48% | 17.02% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 39.95% | 54.71% | -14.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.23% | 57.51% | -8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.40% | 35.17% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.40% | 31.09% | +8.31% |
SILG.L vs. SLVR.L - Expense Ratio Comparison
SILG.L has a 0.65% expense ratio, which is higher than SLVR.L's 0.49% expense ratio.
Dividends
SILG.L vs. SLVR.L - Dividend Comparison
Neither SILG.L nor SLVR.L has paid dividends to shareholders.
Frequently Asked Questions
SILG.L and SLVR.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.L is cheaper with a 0.49% expense ratio, compared with 0.65% for SILG.L.
SILG.L tracks Solactive Global Silver Miners Total Return v2 Index, while SLVR.L tracks Bloomberg Silver Subindex. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.65% for SILG.L and 0.49% for SLVR.L.
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