SLVR.L vs. GLDW.L
SLVR.L (WisdomTree Silver) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, SLVR.L returned 19.09%/yr vs 18.47%/yr for GLDW.L. A 0.68 correlation means they provide meaningful diversification when combined. SLVR.L charges 0.49%/yr vs 0.12%/yr for GLDW.L.
Performance
SLVR.L vs. GLDW.L - Performance Comparison
Loading charts...
Different Trading Currencies
SLVR.L is traded in USD, while GLDW.L is traded in GBp. To make them comparable, the GLDW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SLVR.L having a 3.18% return and GLDW.L slightly lower at 3.07%.
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%
GLDW.L
- 1D
- -1.34%
- 1M
- -3.80%
- YTD
- 3.07%
- 6M
- 5.13%
- 1Y
- 32.48%
- 3Y*
- 31.21%
- 5Y*
- 18.47%
- 10Y*
- —
SLVR.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLVR.L WisdomTree Silver | 3.18% | 136.72% | 20.15% | -2.57% | 2.25% | -13.14% |
GLDW.L WisdomTree Core Physical Gold | 3.07% | 65.15% | 26.05% | 12.92% | -0.13% | 6.27% |
Correlation
The correlation between SLVR.L and GLDW.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.68 |
The correlation between SLVR.L and GLDW.L has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLVR.L vs. GLDW.L — Risk / Return Rank
SLVR.L
GLDW.L
SLVR.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and WisdomTree Core Physical Gold (GLDW.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 | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.82 | +0.82 |
| Martin ratioReturn relative to average drawdown | 5.79 | 4.81 | +0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SLVR.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.34 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.06 | -0.55 |
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 | 1.16 | -0.94 |
Drawdowns
SLVR.L vs. GLDW.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than GLDW.L's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for SLVR.L and GLDW.L.
Loading charts...
Drawdown Indicators
| SLVR.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -21.42% | -58.51% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -17.74% | -23.00% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -17.74% | -23.00% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -21.42% | -19.32% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | — | — |
Current DrawdownCurrent decline from peak | -35.69% | -16.34% | -19.35% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -5.38% | -44.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 6.73% | +11.88% |
Volatility
SLVR.L vs. GLDW.L - Volatility Comparison
WisdomTree Silver (SLVR.L) has a higher volatility of 17.95% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.67%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLVR.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 5.67% | +12.28% |
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% | 24.06% | +34.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 17.35% | +19.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 17.18% | +14.78% |
SLVR.L vs. GLDW.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
SLVR.L vs. GLDW.L - Dividend Comparison
Neither SLVR.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
SLVR.L and GLDW.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.49% for SLVR.L.
SLVR.L is categorized as Silver, while GLDW.L is Precious Metals. SLVR.L tracks Bloomberg Silver Subindex, while GLDW.L tracks Gold. Their fees differ too: 0.49% for SLVR.L and 0.12% for GLDW.L.
Find the right allocation for SLVR.L and GLDW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer