SILV.L vs. IWVG.L
SILV.L (Global X Silver Miners UCITS ETF USD Acc) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - SILV.L tracks the Global X Silver Miners UCITS ETF USD Acc while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, SILV.L returned 41.08%/yr vs 26.65%/yr for IWVG.L. At a 0.44 correlation, their price movements are largely independent.
Performance
SILV.L vs. IWVG.L - Performance Comparison
Loading charts...
Different Trading Currencies
SILV.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SILV.L achieves a -11.23% return, which is significantly lower than IWVG.L's 29.21% return.
SILV.L
- 1D
- -0.13%
- 1M
- -15.41%
- 6M
- -22.68%
- YTD
- -11.23%
- 1Y
- 55.14%
- 3Y*
- 41.08%
- 5Y*
- —
- 10Y*
- —
IWVG.L
- 1D
- -1.38%
- 1M
- -4.12%
- 6M
- 25.30%
- YTD
- 29.21%
- 1Y
- 56.72%
- 3Y*
- 26.65%
- 5Y*
- 16.55%
- 10Y*
- —
SILV.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SILV.L Global X Silver Miners UCITS ETF USD Acc | -11.23% | 172.49% | 11.77% | -0.99% | -4.08% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 29.21% | 41.17% | 4.80% | 19.04% | -3.45% |
Correlation
The correlation between SILV.L and IWVG.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SILV.L vs. IWVG.L — Risk / Return Rank
SILV.L
IWVG.L
SILV.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners UCITS ETF USD Acc (SILV.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SILV.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.60 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 6.55 | -5.14 |
| Martin ratioReturn relative to average drawdown | 3.13 | 23.13 | -20.00 |
Loading charts...
Drawdowns
SILV.L vs. IWVG.L - Drawdown Comparison
The maximum SILV.L drawdown since its inception was -38.97%, which is greater than IWVG.L's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for SILV.L and IWVG.L.
Loading charts...
Drawdown Indicators
| SILV.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.97% | -35.79% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -38.97% | -8.62% | -30.35% |
Max Drawdown (3Y)Largest decline over 3 years | -38.97% | -14.64% | -24.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -37.24% | -4.24% | -33.00% |
Average DrawdownAverage peak-to-trough decline | -14.11% | -6.64% | -7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 2.45% | +15.12% |
Volatility
SILV.L vs. IWVG.L - Volatility Comparison
Global X Silver Miners UCITS ETF USD Acc (SILV.L) has a higher volatility of 16.58% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) at 6.03%. This indicates that SILV.L's price experiences larger fluctuations and is considered to be riskier than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SILV.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.58% | 6.03% | +10.55% |
Volatility (6M)Calculated over the trailing 6-month period | 45.59% | 13.95% | +31.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.80% | 16.24% | +39.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.18% | 15.95% | +28.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.18% | 17.66% | +26.52% |
Dividends
SILV.L vs. IWVG.L - Dividend Comparison
SILV.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
SILV.L Global X Silver Miners UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SILV.L and IWVG.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SILV.L tracks Global X Silver Miners UCITS ETF USD Acc, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Global X and iShares.
Find the right allocation for SILV.L and IWVG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer