SLVR.L vs. NICK.L
SLVR.L (WisdomTree Silver) and NICK.L (WisdomTree Nickel) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while NICK.L is a Metals fund tracking the Bloomberg Nickel. Both are passively managed. Over the past 10 years, SLVR.L returned 13.51%/yr vs 6.61%/yr for NICK.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
SLVR.L vs. NICK.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLVR.L achieves a 3.18% return, which is significantly lower than NICK.L's 11.81% return. Over the past 10 years, SLVR.L has outperformed NICK.L with an annualized return of 13.51%, while NICK.L has yielded a comparatively lower 6.61% 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%
NICK.L
- 1D
- -1.98%
- 1M
- -3.03%
- YTD
- 11.81%
- 6M
- 25.29%
- 1Y
- 19.58%
- 3Y*
- -5.79%
- 5Y*
- -0.45%
- 10Y*
- 6.61%
SLVR.L vs. NICK.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% |
NICK.L WisdomTree Nickel | 11.81% | 6.27% | -8.39% | -46.66% | 46.43% | 23.82% | 14.32% | 32.82% | -14.50% | 18.74% |
Correlation
The correlation between SLVR.L and NICK.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006 | 0.29 |
The correlation between SLVR.L and NICK.L shifts across timeframes, from 0.29 (10 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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. NICK.L — Risk / Return Rank
SLVR.L
NICK.L
SLVR.L vs. NICK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and WisdomTree Nickel (NICK.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 | NICK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.90 | +0.74 |
| Martin ratioReturn relative to average drawdown | 5.79 | 4.06 | +1.73 |
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 | NICK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.79 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.01 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.18 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.09 | +0.30 |
Drawdowns
SLVR.L vs. NICK.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, smaller than the maximum NICK.L drawdown of -87.80%. Use the drawdown chart below to compare losses from any high point for SLVR.L and NICK.L.
Loading charts...
Drawdown Indicators
| SLVR.L | NICK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -87.80% | +7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -10.26% | -30.48% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -40.82% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -71.83% | +31.09% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | -71.83% | +24.93% |
Current DrawdownCurrent decline from peak | -35.69% | -74.33% | +38.64% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -70.10% | +20.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 4.81% | +13.80% |
Volatility
SLVR.L vs. NICK.L - Volatility Comparison
WisdomTree Silver (SLVR.L) has a higher volatility of 17.95% compared to WisdomTree Nickel (NICK.L) at 6.11%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier than NICK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLVR.L | NICK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 6.11% | +11.84% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 22.95% | +33.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 24.64% | +34.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 44.13% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 36.48% | -4.52% |
SLVR.L vs. NICK.L - Expense Ratio Comparison
Both SLVR.L and NICK.L have an expense ratio of 0.49%.
Dividends
SLVR.L vs. NICK.L - Dividend Comparison
Neither SLVR.L nor NICK.L has paid dividends to shareholders.
Frequently Asked Questions
SLVR.L and NICK.L have a correlation of 0.42, 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 NICK.L have the same expense ratio: 0.49% per year.
SLVR.L is categorized as Silver, while NICK.L is Metals. SLVR.L tracks Bloomberg Silver Subindex, while NICK.L tracks Bloomberg Nickel.
Find the right allocation for SLVR.L and NICK.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