SLVR.L vs. XGDU.L

Last updated Jun 4, 2026

SLVR.L (WisdomTree Silver) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both exchange-traded funds - SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex, while XGDU.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 XGDU.L. A 0.74 correlation means they provide meaningful diversification when combined. SLVR.L charges 0.49%/yr vs 0.12%/yr for XGDU.L.

Performance

SLVR.L vs. XGDU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Silver (SLVR.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SLVR.L having a 3.18% return and XGDU.L slightly lower at 3.17%.

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%

XGDU.L

• 1D: -1.33%
• 1M: -4.13%
• YTD: 3.17%
• 6M: 5.31%
• 1Y: 32.57%
• 3Y*: 31.16%
• 5Y*: 18.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SLVR.L vs. XGDU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SLVR.L WisdomTree Silver	3.18%	136.72%	20.15%	-2.57%	2.25%	-14.66%	67.12%
XGDU.L Xtrackers IE Physical Gold ETC Securities	3.17%	64.71%	26.20%	13.45%	0.32%	-3.91%	9.83%

Correlation

The correlation between SLVR.L and XGDU.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 28, 2020	0.74

The correlation between SLVR.L and XGDU.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.

Return for Risk

SLVR.L vs. XGDU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLVR.L

SLVR.L Risk / Return Rank: 47
SLVR.L Sharpe Ratio Rank: 52
SLVR.L Sortino Ratio Rank: 43
SLVR.L Omega Ratio Rank: 52
SLVR.L Calmar Ratio Rank: 52
SLVR.L Martin Ratio Rank: 36

XGDU.L

XGDU.L Risk / Return Rank: 35
XGDU.L Sharpe Ratio Rank: 36
XGDU.L Sortino Ratio Rank: 32
XGDU.L Omega Ratio Rank: 38
XGDU.L Calmar Ratio Rank: 38
XGDU.L Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLVR.L vs. XGDU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.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	XGDU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.30	+0.53
Sortino ratio: Return per unit of downside risk	2.20	1.74	+0.46
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	2.64	1.86	+0.78
Martin ratio: Return relative to average drawdown	5.79	4.82	+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.

SLVR.L vs. XGDU.L - Sharpe Ratio Comparison

The current SLVR.L Sharpe Ratio is 1.83, which is higher than the XGDU.L Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of SLVR.L and XGDU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SLVR.L	XGDU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.30	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	1.07	-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	1.00	-0.78

Drawdowns

SLVR.L vs. XGDU.L - Drawdown Comparison

The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than XGDU.L's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for SLVR.L and XGDU.L.

Drawdown Indicators

	SLVR.L	XGDU.L	Difference
Max Drawdown Largest peak-to-trough decline	-79.93%	-21.59%	-58.34%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-17.47%	-23.27%
Max Drawdown (3Y) Largest decline over 3 years	-40.74%	-17.47%	-23.27%
Max Drawdown (5Y) Largest decline over 5 years	-40.74%	-21.00%	-19.74%
Max Drawdown (10Y) Largest decline over 10 years	-46.90%	—	—
Current Drawdown Current decline from peak	-35.69%	-16.30%	-19.39%
Average Drawdown Average peak-to-trough decline	-49.44%	-7.31%	-42.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.61%	6.74%	+11.87%

Volatility

SLVR.L vs. XGDU.L - Volatility Comparison

WisdomTree Silver (SLVR.L) has a higher volatility of 17.95% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.L) at 6.44%. This indicates that SLVR.L's price experiences larger fluctuations and is considered to be riskier than XGDU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVR.L	XGDU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.95%	6.44%	+11.51%
Volatility (6M) Calculated over the trailing 6-month period	56.26%	21.85%	+34.41%
Volatility (1Y) Calculated over the trailing 1-year period	58.81%	24.88%	+33.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.81%	17.33%	+19.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.96%	17.32%	+14.64%

SLVR.L vs. XGDU.L - Expense Ratio Comparison

SLVR.L has a 0.49% expense ratio, which is higher than XGDU.L's 0.12% expense ratio.

Dividends

SLVR.L vs. XGDU.L - Dividend Comparison

Neither SLVR.L nor XGDU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SLVR.L and XGDU.L in my portfolio?

SLVR.L and XGDU.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLVR.L or XGDU.L?

On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLVR.L or XGDU.L?

XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.49% for SLVR.L.

What is the main difference between SLVR.L and XGDU.L?

SLVR.L is categorized as Silver, while XGDU.L is Precious Metals. SLVR.L tracks Bloomberg Silver Subindex, while XGDU.L tracks Gold. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.49% for SLVR.L and 0.12% for XGDU.L.