SLVR.L vs. SSLV.L
SLVR.L (WisdomTree Silver) and SSLV.L (Invesco Physical Silver ETC) are both Silver funds - SLVR.L tracks the Bloomberg Silver Subindex while SSLV.L tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, SLVR.L returned 13.51%/yr vs 15.87%/yr for SSLV.L. Their correlation of 0.91 suggests significant overlap in exposure. SLVR.L charges 0.49%/yr vs 0.19%/yr for SSLV.L.
Performance
SLVR.L vs. SSLV.L - 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 SSLV.L's 2.45% return. Over the past 10 years, SLVR.L has underperformed SSLV.L with an annualized return of 13.51%, while SSLV.L has yielded a comparatively higher 15.87% 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%
SSLV.L
- 1D
- -3.29%
- 1M
- -3.42%
- YTD
- 2.45%
- 6M
- 25.04%
- 1Y
- 112.49%
- 3Y*
- 45.43%
- 5Y*
- 21.20%
- 10Y*
- 15.87%
SLVR.L vs. SSLV.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% |
SSLV.L Invesco Physical Silver ETC | 2.45% | 147.68% | 21.10% | -0.93% | 3.59% | -12.95% | 45.93% | 16.33% | -8.71% | 3.69% |
Correlation
The correlation between SLVR.L and SSLV.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | 0.91 |
The correlation between SLVR.L and SSLV.L has been stable across timeframes, ranging from 0.91 to 0.99 - a consistent structural relationship.
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Return for Risk
SLVR.L vs. SSLV.L — Risk / Return Rank
SLVR.L
SSLV.L
SLVR.L vs. SSLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and Invesco Physical Silver ETC (SSLV.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 | SSLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.75 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.79 | 6.05 | -0.26 |
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 | SSLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.97 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.60 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.51 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.11 | +0.11 |
Drawdowns
SLVR.L vs. SSLV.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than SSLV.L's maximum drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for SLVR.L and SSLV.L.
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Drawdown Indicators
| SLVR.L | SSLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -74.62% | -5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -40.61% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -40.61% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -40.61% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | -42.74% | -4.16% |
Current DrawdownCurrent decline from peak | -35.69% | -35.52% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -52.26% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 18.52% | +0.09% |
Volatility
SLVR.L vs. SSLV.L - Volatility Comparison
WisdomTree Silver (SLVR.L) and Invesco Physical Silver ETC (SSLV.L) have volatilities of 17.95% and 17.71%, 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 | SSLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 17.71% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 54.29% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 56.84% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 35.51% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 30.90% | +1.06% |
SLVR.L vs. SSLV.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than SSLV.L's 0.19% expense ratio.
Dividends
SLVR.L vs. SSLV.L - Dividend Comparison
Neither SLVR.L nor SSLV.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, SLVR.L and SSLV.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SSLV.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLV.L is cheaper with a 0.19% expense ratio, compared with 0.49% for SLVR.L.
SLVR.L tracks Bloomberg Silver Subindex, while SSLV.L tracks LBMA Silver Price. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.49% for SLVR.L and 0.19% for SSLV.L.
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