SLVR.L vs. BRNT.L
SLVR.L (WisdomTree Silver) and BRNT.L (WisdomTree Brent Crude Oil) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while BRNT.L is a Oil & Gas fund tracking the Bloomberg Brent Crude Subindex. Both are passively managed. Over the past 10 years, SLVR.L returned 13.51%/yr vs 14.11%/yr for BRNT.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
SLVR.L vs. BRNT.L - Performance Comparison
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Returns By Period
In the year-to-date period, SLVR.L achieves a 3.18% return, which is significantly lower than BRNT.L's 85.00% return. Both investments have delivered pretty close results over the past 10 years, with SLVR.L having a 13.51% annualized return and BRNT.L not far ahead at 14.11%.
SLVR.L
- 1D
- -3.39%
- 1M
- -3.55%
- YTD
- 3.18%
- 6M
- 24.16%
- 1Y
- 108.17%
- 3Y*
- 42.86%
- 5Y*
- 19.09%
- 10Y*
- 13.51%
BRNT.L
- 1D
- 2.69%
- 1M
- -5.37%
- YTD
- 85.00%
- 6M
- 82.22%
- 1Y
- 86.32%
- 3Y*
- 26.42%
- 5Y*
- 24.17%
- 10Y*
- 14.11%
SLVR.L vs. BRNT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVR.L WisdomTree Silver | 3.18% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | 1.46% |
BRNT.L WisdomTree Brent Crude Oil | 85.00% | -6.34% | 7.45% | 1.08% | 35.10% | 66.26% | -33.22% | 32.15% | -13.92% | 12.39% |
Correlation
The correlation between SLVR.L and BRNT.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2012 | 0.13 |
The correlation between SLVR.L and BRNT.L shifts across timeframes, from -0.14 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SLVR.L vs. BRNT.L — Risk / Return Rank
SLVR.L
BRNT.L
SLVR.L vs. BRNT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and WisdomTree Brent Crude Oil (BRNT.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.
| SLVR.L | BRNT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.60 | -1.96 |
| Martin ratioReturn relative to average drawdown | 5.79 | 8.60 | -2.81 |
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.L | BRNT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.04 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.70 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.40 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.05 | +0.17 |
Drawdowns
SLVR.L vs. BRNT.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, smaller than the maximum BRNT.L drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for SLVR.L and BRNT.L.
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Drawdown Indicators
| SLVR.L | BRNT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -85.97% | +6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -18.66% | -22.08% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -24.88% | -15.86% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -31.44% | -9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | -71.94% | +25.04% |
Current DrawdownCurrent decline from peak | -35.69% | -7.17% | -28.52% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -48.64% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 10.00% | +8.61% |
Volatility
SLVR.L vs. BRNT.L - Volatility Comparison
WisdomTree Silver (SLVR.L) has a higher volatility of 17.95% compared to WisdomTree Brent Crude Oil (BRNT.L) at 15.37%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier than BRNT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVR.L | BRNT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 15.37% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 36.78% | +19.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 42.02% | +16.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 34.66% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 35.36% | -3.40% |
SLVR.L vs. BRNT.L - Expense Ratio Comparison
Both SLVR.L and BRNT.L have an expense ratio of 0.49%.
Dividends
SLVR.L vs. BRNT.L - Dividend Comparison
Neither SLVR.L nor BRNT.L has paid dividends to shareholders.
Frequently Asked Questions
SLVR.L and BRNT.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.L and BRNT.L have the same expense ratio: 0.49% per year.
SLVR.L is categorized as Silver, while BRNT.L is Oil & Gas. SLVR.L tracks Bloomberg Silver Subindex, while BRNT.L tracks Bloomberg Brent Crude Subindex.
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