SLVP vs. XSLE.DE
SLVP (iShares MSCI Global Silver and Metals Miners ETF) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both Silver funds - SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index while XSLE.DE tracks the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, SLVP returned 16.22%/yr vs 12.05%/yr for XSLE.DE. A 0.67 correlation means they provide meaningful diversification when combined. SLVP charges 0.39%/yr vs 0.73%/yr for XSLE.DE.
Performance
SLVP vs. XSLE.DE - Performance Comparison
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Different Trading Currencies
SLVP 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, SLVP achieves a -9.65% return, which is significantly higher than XSLE.DE's -28.28% return.
SLVP
- 1D
- -0.42%
- 1M
- -16.43%
- YTD
- -9.65%
- 6M
- -11.21%
- 1Y
- 76.85%
- 3Y*
- 49.15%
- 5Y*
- 16.22%
- 10Y*
- 9.87%
XSLE.DE
- 1D
- 0.00%
- 1M
- -25.65%
- YTD
- -28.28%
- 6M
- -28.28%
- 1Y
- 48.53%
- 3Y*
- 33.30%
- 5Y*
- 12.05%
- 10Y*
- —
SLVP vs. XSLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | -9.65% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 60.74% |
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 SLVP and XSLE.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.67 |
The correlation between SLVP and XSLE.DE has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
SLVP vs. XSLE.DE — Risk / Return Rank
SLVP
XSLE.DE
SLVP vs. XSLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver and Metals Miners ETF (SLVP) 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.
| SLVP | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.92 | +1.11 |
| Martin ratioReturn relative to average drawdown | 4.88 | 2.04 | +2.84 |
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Drawdowns
SLVP vs. XSLE.DE - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, 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 SLVP and XSLE.DE.
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Drawdown Indicators
| SLVP | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -52.59% | -27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -52.59% | +14.53% |
Max Drawdown (3Y)Largest decline over 3 years | -38.06% | -52.59% | +14.53% |
Max Drawdown (5Y)Largest decline over 5 years | -48.01% | -52.59% | +4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | — | — |
Current DrawdownCurrent decline from peak | -34.83% | -52.59% | +17.76% |
Average DrawdownAverage peak-to-trough decline | -46.74% | -21.89% | -24.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 23.77% | -7.97% |
Volatility
SLVP vs. XSLE.DE - Volatility Comparison
iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 19.38% compared to Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) at 15.90%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than XSLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.38% | 15.90% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 45.84% | 56.65% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.46% | 60.21% | -4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.37% | 38.50% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.51% | 38.36% | +4.15% |
SLVP vs. XSLE.DE - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is lower than XSLE.DE's 0.73% expense ratio.
Dividends
SLVP vs. XSLE.DE - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.28%, while XSLE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.28% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLVP and XSLE.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVP is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVP is cheaper with a 0.39% expense ratio, compared with 0.73% for XSLE.DE.
SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.39% for SLVP and 0.73% for XSLE.DE.
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