SLVR.L vs. DXJP.L
SLVR.L (WisdomTree Silver) and DXJP.L (WisdomTree Japan Equity UCITS ETF GBP Hedged) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while DXJP.L is a Japan Equities fund tracking the WisdomTree Japan Equity Index (GBP Hedged). Both are passively managed. Over the past 10 years, SLVR.L returned 13.51%/yr vs 16.15%/yr for DXJP.L. At a 0.14 correlation, their price movements are largely independent. SLVR.L charges 0.49%/yr vs 0.45%/yr for DXJP.L.
Performance
SLVR.L vs. DXJP.L - Performance Comparison
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Different Trading Currencies
SLVR.L is traded in USD, while DXJP.L is traded in GBp. To make them comparable, the DXJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLVR.L achieves a 3.18% return, which is significantly lower than DXJP.L's 19.85% return. Over the past 10 years, SLVR.L has underperformed DXJP.L with an annualized return of 13.51%, while DXJP.L has yielded a comparatively higher 16.15% annualized return.
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%
DXJP.L
- 1D
- 0.52%
- 1M
- 4.99%
- YTD
- 19.85%
- 6M
- 25.60%
- 1Y
- 53.31%
- 3Y*
- 36.60%
- 5Y*
- 24.02%
- 10Y*
- 16.15%
SLVR.L vs. DXJP.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% |
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged | 19.85% | 43.48% | 26.35% | 47.75% | -6.42% | 15.88% | 6.35% | 18.81% | -25.06% | 32.27% |
Correlation
The correlation between SLVR.L and DXJP.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2015 | 0.14 |
The correlation between SLVR.L and DXJP.L shifts across timeframes, from 0.14 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLVR.L vs. DXJP.L — Risk / Return Rank
SLVR.L
DXJP.L
SLVR.L vs. DXJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.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 | DXJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.82 | -2.18 |
| Martin ratioReturn relative to average drawdown | 5.79 | 16.12 | -10.33 |
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 | DXJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.55 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.09 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.70 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.52 | -0.31 |
Drawdowns
SLVR.L vs. DXJP.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than DXJP.L's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for SLVR.L and DXJP.L.
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Drawdown Indicators
| SLVR.L | DXJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -51.21% | -28.72% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -11.00% | -29.74% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -23.79% | -16.95% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -24.92% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | -51.21% | +4.31% |
Current DrawdownCurrent decline from peak | -35.69% | -0.23% | -35.46% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -13.22% | -36.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 3.30% | +15.31% |
Volatility
SLVR.L vs. DXJP.L - Volatility Comparison
WisdomTree Silver (SLVR.L) has a higher volatility of 17.95% compared to WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) at 4.59%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier than DXJP.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 | DXJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 4.59% | +13.36% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 16.22% | +40.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 20.82% | +37.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 22.06% | +14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 23.03% | +8.93% |
SLVR.L vs. DXJP.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than DXJP.L's 0.45% expense ratio.
Dividends
SLVR.L vs. DXJP.L - Dividend Comparison
SLVR.L has not paid dividends to shareholders, while DXJP.L's dividend yield for the trailing twelve months is around 1.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged | 1.41% | 1.58% | 1.61% | 1.92% | 2.49% | 1.62% | 1.97% | 2.26% | 2.41% | 1.34% | 0.62% |
SLVR.L WisdomTree Silver | 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
SLVR.L and DXJP.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJP.L is cheaper with a 0.45% expense ratio, compared with 0.49% for SLVR.L.
SLVR.L is categorized as Silver, while DXJP.L is Japan Equities. SLVR.L tracks Bloomberg Silver Subindex, while DXJP.L tracks WisdomTree Japan Equity Index (GBP Hedged). Their fees differ too: 0.49% for SLVR.L and 0.45% for DXJP.L.
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