SLV vs. XSLE.DE
SLV (iShares Silver Trust) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both Silver funds - SLV tracks the LBMA Silver Price while XSLE.DE tracks the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, SLV returned 17.27%/yr vs 12.05%/yr for XSLE.DE. A 0.79 correlation means they provide meaningful diversification when combined. SLV charges 0.50%/yr vs 0.73%/yr for XSLE.DE.
Performance
SLV vs. XSLE.DE - Performance Comparison
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Different Trading Currencies
SLV is traded in USD, while XSLE.DE is traded in EUR. To make them comparable, the XSLE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLV achieves a -17.00% return, which is significantly higher than XSLE.DE's -28.28% return.
SLV
- 1D
- 1.50%
- 1M
- -21.75%
- YTD
- -17.00%
- 6M
- -22.48%
- 1Y
- 62.97%
- 3Y*
- 36.79%
- 5Y*
- 17.27%
- 10Y*
- 11.05%
XSLE.DE
- 1D
- 0.00%
- 1M
- -25.65%
- YTD
- -28.28%
- 6M
- -28.28%
- 1Y
- 48.53%
- 3Y*
- 33.30%
- 5Y*
- 12.05%
- 10Y*
- —
SLV vs. XSLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -17.00% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 68.87% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -28.28% | 181.42% | 13.27% | -1.85% | -5.24% | -21.98% | 88.90% |
Correlation
The correlation between SLV and XSLE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.79 |
The correlation between SLV and XSLE.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
SLV vs. XSLE.DE — Risk / Return Rank
SLV
XSLE.DE
SLV vs. XSLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE). 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.
| SLV | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.92 | +0.32 |
| Martin ratioReturn relative to average drawdown | 2.74 | 2.04 | +0.71 |
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Drawdowns
SLV vs. XSLE.DE - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than XSLE.DE's maximum drawdown of -52.59%. Use the drawdown chart below to compare losses from any high point for SLV and XSLE.DE.
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Drawdown Indicators
| SLV | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -52.59% | -23.69% |
Max Drawdown (1Y)Largest decline over 1 year | -50.97% | -52.59% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -50.97% | -52.59% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -50.97% | -52.59% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | — | — |
Current DrawdownCurrent decline from peak | -49.37% | -52.59% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -21.89% | -22.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.01% | 23.77% | -0.76% |
Volatility
SLV vs. XSLE.DE - Volatility Comparison
iShares Silver Trust (SLV) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) have volatilities of 15.67% and 15.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 15.90% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 56.65% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.75% | 60.21% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.74% | 38.50% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 38.36% | -6.24% |
SLV vs. XSLE.DE - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is lower than XSLE.DE's 0.73% expense ratio.
Dividends
SLV vs. XSLE.DE - Dividend Comparison
Neither SLV nor XSLE.DE has paid dividends to shareholders.
Frequently Asked Questions
SLV and XSLE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLV is cheaper with a 0.50% expense ratio, compared with 0.73% for XSLE.DE.
SLV tracks LBMA Silver Price, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for SLV and 0.73% for XSLE.DE.
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