SLV vs. EGLN.L
SLV (iShares Silver Trust) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SLV returned 14.08%/yr vs 11.49%/yr for EGLN.L. A 0.59 correlation means they provide meaningful diversification when combined. SLV charges 0.50%/yr vs 0.25%/yr for EGLN.L.
Performance
SLV vs. EGLN.L - Performance Comparison
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Different Trading Currencies
SLV is traded in USD, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLV achieves a -4.41% return, which is significantly lower than EGLN.L's 0.45% return. Over the past 10 years, SLV has outperformed EGLN.L with an annualized return of 14.08%, while EGLN.L has yielded a comparatively lower 11.49% annualized return.
SLV
- 1D
- 0.02%
- 1M
- -15.66%
- YTD
- -4.41%
- 6M
- 16.83%
- 1Y
- 88.38%
- 3Y*
- 40.36%
- 5Y*
- 19.02%
- 10Y*
- 14.08%
EGLN.L
- 1D
- -0.22%
- 1M
- -8.17%
- YTD
- 0.45%
- 6M
- 3.04%
- 1Y
- 29.80%
- 3Y*
- 30.05%
- 5Y*
- 17.89%
- 10Y*
- 11.49%
SLV vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -4.41% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
EGLN.L iShares Physical Gold ETC | 0.45% | 65.63% | 26.01% | 12.82% | -0.37% | -3.23% | 23.75% | 18.25% | -1.44% | 13.61% |
Correlation
The correlation between SLV and EGLN.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.59 |
The correlation between SLV and EGLN.L has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
SLV vs. EGLN.L — Risk / Return Rank
SLV
EGLN.L
SLV vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and iShares Physical Gold ETC (EGLN.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.
| SLV | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.62 | +0.48 |
| Martin ratioReturn relative to average drawdown | 4.40 | 4.27 | +0.13 |
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
| SLV | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.21 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.98 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.67 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.24 | -0.01 |
Drawdowns
SLV vs. EGLN.L - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than EGLN.L's maximum drawdown of -59.11%. Use the drawdown chart below to compare losses from any high point for SLV and EGLN.L.
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Drawdown Indicators
| SLV | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -59.11% | -17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -18.36% | -24.09% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -18.36% | -24.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -21.26% | -21.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -26.49% | -16.32% |
Current DrawdownCurrent decline from peak | -41.69% | -18.36% | -23.33% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -33.86% | -10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 6.96% | +13.19% |
Volatility
SLV vs. EGLN.L - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.89% compared to iShares Physical Gold ETC (EGLN.L) at 5.88%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than EGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 5.88% | +11.01% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 21.15% | +37.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 24.47% | +35.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 18.32% | +18.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 17.05% | +14.87% |
SLV vs. EGLN.L - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than EGLN.L's 0.25% expense ratio.
Dividends
SLV vs. EGLN.L - Dividend Comparison
Neither SLV nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SLV and EGLN.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
SLV is categorized as Silver, while EGLN.L is Gold. SLV tracks LBMA Silver Price, while EGLN.L tracks LBMA Gold Price. Their fees differ too: 0.50% for SLV and 0.25% for EGLN.L.
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