SILV.L vs. XGDU.L
SILV.L (Global X Silver Miners UCITS ETF USD (Acc)) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both exchange-traded funds - SILV.L is a Precious Metals fund tracking the Solactive Global Silver Miners Total Return v2 Index, while XGDU.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 3 years, SILV.L returned 37.77%/yr vs 26.37%/yr for XGDU.L. A 0.72 correlation means they provide meaningful diversification when combined. SILV.L charges 0.65%/yr vs 0.12%/yr for XGDU.L.
Performance
SILV.L vs. XGDU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SILV.L achieves a -14.54% return, which is significantly lower than XGDU.L's -6.88% return.
SILV.L
- 1D
- -1.10%
- 1M
- -21.48%
- 6M
- -26.71%
- YTD
- -14.54%
- 1Y
- 52.36%
- 3Y*
- 37.77%
- 5Y*
- —
- 10Y*
- —
XGDU.L
- 1D
- 0.05%
- 1M
- -7.87%
- 6M
- -12.67%
- YTD
- -6.88%
- 1Y
- 20.13%
- 3Y*
- 26.37%
- 5Y*
- 17.11%
- 10Y*
- —
SILV.L vs. XGDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SILV.L Global X Silver Miners UCITS ETF USD (Acc) | -14.54% | 172.49% | 11.77% | -0.99% | -4.08% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | -6.88% | 64.73% | 26.19% | 13.45% | -3.85% |
Correlation
The correlation between SILV.L and XGDU.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.72 |
The correlation between SILV.L and XGDU.L shifts across timeframes, from 0.71 (3 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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. XGDU.L — Risk / Return Rank
SILV.L
XGDU.L
SILV.L vs. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.82 | +0.50 |
| Martin ratioReturn relative to average drawdown | 2.94 | 1.95 | +0.99 |
Loading charts...
Drawdowns
SILV.L vs. XGDU.L - Drawdown Comparison
The maximum SILV.L drawdown since its inception was -39.57%, which is greater than XGDU.L's maximum drawdown of -24.55%. Use the drawdown chart below to compare losses from any high point for SILV.L and XGDU.L.
Loading charts...
Drawdown Indicators
| SILV.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -24.55% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -39.57% | -24.55% | -15.02% |
Max Drawdown (3Y)Largest decline over 3 years | -39.57% | -24.55% | -15.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.55% | — |
Current DrawdownCurrent decline from peak | -39.57% | -24.45% | -15.12% |
Average DrawdownAverage peak-to-trough decline | -14.14% | -7.47% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.76% | 10.29% | +7.47% |
Volatility
SILV.L vs. XGDU.L - Volatility Comparison
Global X Silver Miners UCITS ETF USD (Acc) (SILV.L) has a higher volatility of 14.68% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.L) at 7.11%. This indicates that SILV.L's price experiences larger fluctuations and is considered to be riskier than XGDU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SILV.L | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.68% | 7.11% | +7.57% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 23.14% | +22.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.89% | 26.48% | +29.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.19% | 17.72% | +26.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.19% | 17.45% | +26.74% |
SILV.L vs. XGDU.L - Expense Ratio Comparison
SILV.L has a 0.65% expense ratio, which is higher than XGDU.L's 0.12% expense ratio.
Dividends
SILV.L vs. XGDU.L - Dividend Comparison
Neither SILV.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
SILV.L and XGDU.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.65% for SILV.L.
SILV.L is categorized as Precious Metals, while XGDU.L is Gold. SILV.L tracks Solactive Global Silver Miners Total Return v2 Index, while XGDU.L tracks Gold. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.65% for SILV.L and 0.12% for XGDU.L.
Find the right allocation for SILV.L and XGDU.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