SLVR.L vs. XSLR.L
SLVR.L (WisdomTree Silver) and XSLR.L (Xtrackers IE Physical Silver ETC Securities) are both Silver funds - SLVR.L tracks the Bloomberg Silver Subindex while XSLR.L tracks the LBMA Silver Price. Both are passively managed. Over the past 5 years, SLVR.L returned 19.09%/yr vs 21.18%/yr for XSLR.L. With a 0.98 correlation, they move nearly in lockstep. SLVR.L charges 0.49%/yr vs 0.20%/yr for XSLR.L.
Performance
SLVR.L vs. XSLR.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 XSLR.L's 2.41% 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%
XSLR.L
- 1D
- -3.30%
- 1M
- -3.04%
- YTD
- 2.41%
- 6M
- 25.05%
- 1Y
- 112.50%
- 3Y*
- 45.43%
- 5Y*
- 21.18%
- 10Y*
- —
SLVR.L vs. XSLR.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% | 66.86% |
XSLR.L Xtrackers IE Physical Silver ETC Securities | 2.41% | 147.42% | 21.28% | -0.78% | 3.55% | -13.23% | 73.88% |
Correlation
The correlation between SLVR.L and XSLR.L is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.98 |
The correlation between SLVR.L and XSLR.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SLVR.L vs. XSLR.L — Risk / Return Rank
SLVR.L
XSLR.L
SLVR.L vs. XSLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Silver (SLVR.L) and Xtrackers IE Physical Silver ETC Securities (XSLR.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 | XSLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.74 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.79 | 6.02 | -0.23 |
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 | XSLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.00 | -0.17 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.83 | -0.61 |
Drawdowns
SLVR.L vs. XSLR.L - Drawdown Comparison
The maximum SLVR.L drawdown since its inception was -79.93%, which is greater than XSLR.L's maximum drawdown of -40.77%. Use the drawdown chart below to compare losses from any high point for SLVR.L and XSLR.L.
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Drawdown Indicators
| SLVR.L | XSLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.93% | -40.77% | -39.16% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -40.77% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -40.77% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -40.74% | -40.77% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -46.90% | — | — |
Current DrawdownCurrent decline from peak | -35.69% | -35.69% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -49.44% | -14.88% | -34.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 18.62% | -0.01% |
Volatility
SLVR.L vs. XSLR.L - Volatility Comparison
WisdomTree Silver (SLVR.L) and Xtrackers IE Physical Silver ETC Securities (XSLR.L) have volatilities of 17.95% and 17.67%, 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 | XSLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.95% | 17.67% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 56.26% | 53.52% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 55.91% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 35.24% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.96% | 35.17% | -3.21% |
SLVR.L vs. XSLR.L - Expense Ratio Comparison
SLVR.L has a 0.49% expense ratio, which is higher than XSLR.L's 0.20% expense ratio.
Dividends
SLVR.L vs. XSLR.L - Dividend Comparison
Neither SLVR.L nor XSLR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SLVR.L and XSLR.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, XSLR.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.L is cheaper with a 0.20% expense ratio, compared with 0.49% for SLVR.L.
SLVR.L tracks Bloomberg Silver Subindex, while XSLR.L tracks LBMA Silver Price. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.49% for SLVR.L and 0.20% for XSLR.L.
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