SLVR.L vs. GDMN
SLVR.L (WisdomTree Silver) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while GDMN is a Commodities fund actively managed by WisdomTree. SLVR.L is passively managed, while GDMN is actively managed. Over the past 3 years, SLVR.L returned 42.86%/yr vs 60.95%/yr for GDMN. A 0.65 correlation means they provide meaningful diversification when combined. SLVR.L charges 0.49%/yr vs 0.45%/yr for GDMN.
Performance
SLVR.L vs. GDMN - 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 higher than GDMN's -4.13% 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%
GDMN
- 1D
- -3.68%
- 1M
- -2.43%
- YTD
- -4.13%
- 6M
- 2.73%
- 1Y
- 76.93%
- 3Y*
- 60.95%
- 5Y*
- —
- 10Y*
- —
SLVR.L vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLVR.L WisdomTree Silver | 3.18% | 136.72% | 20.15% | -2.57% | 2.25% | 2.63% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -4.13% | 237.09% | 28.23% | 12.97% | -14.62% | 5.11% |
Correlation
The correlation between SLVR.L and GDMN is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.65 |
The correlation between SLVR.L and GDMN has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.
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Return for Risk
SLVR.L vs. GDMN — Risk / Return Rank
SLVR.L
GDMN
SLVR.L vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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 | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.98 | +0.66 |
| Martin ratioReturn relative to average drawdown | 5.79 | 4.68 | +1.12 |
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 | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.26 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.80 | -0.59 |
Drawdowns
SLVR.L vs. GDMN - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than GDMN's maximum drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for SLVR.L and GDMN.
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Drawdown Indicators
| SLVR.L | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -52.82% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -39.03% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -39.03% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | — | — |
Current DrawdownCurrent decline from peak | -35.69% | -37.06% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -18.89% | -30.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 16.51% | +2.10% |
Volatility
SLVR.L vs. GDMN - Volatility Comparison
WisdomTree Silver (SLVR.L) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) have volatilities of 17.95% and 17.94%, 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.L | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 17.94% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 51.79% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 61.32% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 47.59% | -10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 47.59% | -15.63% |
SLVR.L vs. GDMN - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than GDMN's 0.45% expense ratio.
Dividends
SLVR.L vs. GDMN - Dividend Comparison
SLVR.L has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.82% | 2.70% | 9.44% | 7.69% | 1.44% |
SLVR.L WisdomTree Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLVR.L and GDMN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDMN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDMN is cheaper with a 0.45% expense ratio, compared with 0.49% for SLVR.L.
SLVR.L is categorized as Silver, while GDMN is Commodities. Their fees differ too: 0.49% for SLVR.L and 0.45% for GDMN.
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