SLVR.L vs. GBSS.L
SLVR.L (WisdomTree Silver) and GBSS.L (Gold Bullion Securities) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while GBSS.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, SLVR.L returned 13.51%/yr vs 13.14%/yr for GBSS.L. A 0.70 correlation means they provide meaningful diversification when combined. SLVR.L charges 0.49%/yr vs 0.40%/yr for GBSS.L.
Performance
SLVR.L vs. GBSS.L - Performance Comparison
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Different Trading Currencies
SLVR.L is traded in USD, while GBSS.L is traded in GBp. To make them comparable, the GBSS.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 higher than GBSS.L's 2.85% return. Both investments have delivered pretty close results over the past 10 years, with SLVR.L having a 13.51% annualized return and GBSS.L not far behind at 13.14%.
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%
GBSS.L
- 1D
- -1.42%
- 1M
- -3.92%
- YTD
- 2.85%
- 6M
- 4.88%
- 1Y
- 32.02%
- 3Y*
- 30.80%
- 5Y*
- 18.11%
- 10Y*
- 13.14%
SLVR.L vs. GBSS.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% |
GBSS.L Gold Bullion Securities | 2.85% | 64.69% | 25.69% | 12.61% | -0.41% | -3.99% | 23.40% | 19.01% | -1.73% | 11.19% |
Correlation
The correlation between SLVR.L and GBSS.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2007 | 0.70 |
The correlation between SLVR.L and GBSS.L has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
SLVR.L vs. GBSS.L — Risk / Return Rank
SLVR.L
GBSS.L
SLVR.L vs. GBSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and Gold Bullion Securities (GBSS.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 | GBSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.79 | +0.85 |
| Martin ratioReturn relative to average drawdown | 5.79 | 4.71 | +1.09 |
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 | GBSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.33 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.04 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.83 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.51 | -0.29 |
Drawdowns
SLVR.L vs. GBSS.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than GBSS.L's maximum drawdown of -45.59%. Use the drawdown chart below to compare losses from any high point for SLVR.L and GBSS.L.
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Drawdown Indicators
| SLVR.L | GBSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -45.59% | -34.34% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -17.80% | -22.94% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -17.80% | -22.94% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -21.37% | -19.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | -21.71% | -25.19% |
Current DrawdownCurrent decline from peak | -35.69% | -16.55% | -19.14% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -17.93% | -31.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 6.78% | +11.83% |
Volatility
SLVR.L vs. GBSS.L - Volatility Comparison
WisdomTree Silver (SLVR.L) has a higher volatility of 17.95% compared to Gold Bullion Securities (GBSS.L) at 5.59%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier than GBSS.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 | GBSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 5.59% | +12.36% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 20.80% | +35.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 24.04% | +34.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 17.36% | +19.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 15.75% | +16.21% |
SLVR.L vs. GBSS.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than GBSS.L's 0.40% expense ratio.
Dividends
SLVR.L vs. GBSS.L - Dividend Comparison
Neither SLVR.L nor GBSS.L has paid dividends to shareholders.
Frequently Asked Questions
SLVR.L and GBSS.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBSS.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBSS.L is cheaper with a 0.40% expense ratio, compared with 0.49% for SLVR.L.
SLVR.L is categorized as Silver, while GBSS.L is Precious Metals. SLVR.L tracks Bloomberg Silver Subindex, while GBSS.L tracks Gold. Their fees differ too: 0.49% for SLVR.L and 0.40% for GBSS.L.
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