SLVR.DE vs. SPQB.DE
SLVR.DE (WisdomTree Silver) and SPQB.DE (Global X S&P 500 Quarterly Buffer UCITS ETF) are both exchange-traded funds - SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex, while SPQB.DE is a S&P 500 fund tracking the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. Both are passively managed. Over the past 3 years, SLVR.DE returned 45.36%/yr vs 9.37%/yr for SPQB.DE. At a correlation of -0.02, they often move in opposite directions. SLVR.DE charges 0.49%/yr vs 0.50%/yr for SPQB.DE.
Performance
SLVR.DE vs. SPQB.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 lower than SPQB.DE's 5.30% return.
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
SPQB.DE
- 1D
- -0.13%
- 1M
- 1.48%
- YTD
- 5.30%
- 6M
- 5.62%
- 1Y
- 10.99%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
SLVR.DE vs. SPQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | 2.31% |
SPQB.DE Global X S&P 500 Quarterly Buffer UCITS ETF | 5.30% | -0.77% | 20.64% | 10.42% |
Correlation
The correlation between SLVR.DE and SPQB.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | -0.02 |
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Return for Risk
SLVR.DE vs. SPQB.DE — Risk / Return Rank
SLVR.DE
SPQB.DE
SLVR.DE vs. SPQB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.DE) and Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.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 | SPQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.53 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.37 | 9.14 | -1.77 |
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 | SPQB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.48 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.11 | -0.42 |
Drawdowns
SLVR.DE vs. SPQB.DE - Drawdown Comparison
The maximum SLVR.DE drawdown since its inception was -31.33%, which is greater than SPQB.DE's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for SLVR.DE and SPQB.DE.
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Drawdown Indicators
| SLVR.DE | SPQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.33% | -16.15% | -15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.51% | -3.10% | -27.41% |
Max Drawdown (3Y)Largest decline over 3 years | -30.51% | -16.15% | -14.36% |
Current DrawdownCurrent decline from peak | -24.02% | -0.13% | -23.89% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -2.58% | -10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 1.20% | +11.49% |
Volatility
SLVR.DE vs. SPQB.DE - Volatility Comparison
WisdomTree Silver (SLVR.DE) has a higher volatility of 17.06% compared to Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB.DE) at 1.19%. This indicates that SLVR.DE's price experiences larger fluctuations and is considered to be riskier than SPQB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVR.DE | SPQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.06% | 1.19% | +15.87% |
Volatility (6M)Calculated over the trailing 6-month period | 41.25% | 4.25% | +37.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.34% | 7.42% | +42.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.29% | 9.54% | +28.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 9.54% | +28.75% |
SLVR.DE vs. SPQB.DE - Expense Ratio Comparison
SLVR.DE has a 0.49% expense ratio, which is lower than SPQB.DE's 0.50% expense ratio.
Dividends
SLVR.DE vs. SPQB.DE - Dividend Comparison
Neither SLVR.DE nor SPQB.DE has paid dividends to shareholders.
Frequently Asked Questions
SLVR.DE and SPQB.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for SPQB.DE.
SLVR.DE is categorized as Silver, while SPQB.DE is S&P 500. SLVR.DE tracks Bloomberg Silver Subindex, while SPQB.DE tracks Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.49% for SLVR.DE and 0.50% for SPQB.DE.
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