SLVR.DE vs. 8PSB.DE
SLVR.DE (WisdomTree Silver) and 8PSB.DE (Invesco Physical Silver ETC) are both Silver funds - SLVR.DE tracks the Bloomberg Silver Subindex while 8PSB.DE tracks the LBMA Silver Price. Both are passively managed. Over the past 3 years, SLVR.DE returned 45.36%/yr vs 42.18%/yr for 8PSB.DE. A 0.74 correlation means they provide meaningful diversification when combined. SLVR.DE charges 0.49%/yr vs 0.19%/yr for 8PSB.DE.
Performance
SLVR.DE vs. 8PSB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLVR.DE achieves a 1.99% return, which is significantly higher than 8PSB.DE's -2.37% return.
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
8PSB.DE
- 1D
- 0.37%
- 1M
- 1.00%
- YTD
- -2.37%
- 6M
- 29.53%
- 1Y
- 110.49%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
SLVR.DE vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
8PSB.DE Invesco Physical Silver ETC | -2.37% | 130.25% | 30.85% | -4.18% | 5.11% |
Correlation
The correlation between SLVR.DE and 8PSB.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.74 |
The correlation between SLVR.DE and 8PSB.DE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
SLVR.DE vs. 8PSB.DE — Risk / Return Rank
SLVR.DE
8PSB.DE
SLVR.DE vs. 8PSB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.DE) and Invesco Physical Silver ETC (8PSB.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.
| SLVR.DE | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.85 | +0.21 |
| Martin ratioReturn relative to average drawdown | 7.37 | 6.09 | +1.28 |
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
| SLVR.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.89 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.68 | 0.00 |
Drawdowns
SLVR.DE vs. 8PSB.DE - Drawdown Comparison
The maximum SLVR.DE drawdown since its inception was -31.33%, smaller than the maximum 8PSB.DE drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for SLVR.DE and 8PSB.DE.
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Drawdown Indicators
| SLVR.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.33% | -38.62% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -30.51% | -38.62% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -30.51% | -38.62% | +8.11% |
Current DrawdownCurrent decline from peak | -24.02% | -33.51% | +9.49% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -11.18% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 18.07% | -5.38% |
Volatility
SLVR.DE vs. 8PSB.DE - Volatility Comparison
WisdomTree Silver (SLVR.DE) and Invesco Physical Silver ETC (8PSB.DE) have volatilities of 17.06% and 16.36%, 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
| SLVR.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.06% | 16.36% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 41.25% | 51.95% | -10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.34% | 58.17% | -7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.29% | 34.63% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 34.63% | +3.66% |
SLVR.DE vs. 8PSB.DE - Expense Ratio Comparison
SLVR.DE has a 0.49% expense ratio, which is higher than 8PSB.DE's 0.19% expense ratio.
Dividends
SLVR.DE vs. 8PSB.DE - Dividend Comparison
Neither SLVR.DE nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
SLVR.DE and 8PSB.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.49% for SLVR.DE.
SLVR.DE tracks Bloomberg Silver Subindex, while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.49% for SLVR.DE and 0.19% for 8PSB.DE.
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