SSLN.L vs. CEMS.DE
SSLN.L (iShares Physical Silver ETC) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, SSLN.L returned 14.83%/yr vs 12.54%/yr for CEMS.DE. At a 0.14 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.25%/yr for CEMS.DE.
Performance
SSLN.L vs. CEMS.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SSLN.L is traded in GBp, while CEMS.DE is traded in EUR. To make them comparable, the CEMS.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SSLN.L achieves a -5.21% return, which is significantly lower than CEMS.DE's 13.14% return. Over the past 10 years, SSLN.L has outperformed CEMS.DE with an annualized return of 14.83%, while CEMS.DE has yielded a comparatively lower 12.54% annualized return.
SSLN.L
- 1D
- 5.29%
- 1M
- -22.94%
- YTD
- -5.21%
- 6M
- 9.19%
- 1Y
- 88.53%
- 3Y*
- 38.49%
- 5Y*
- 20.27%
- 10Y*
- 14.83%
CEMS.DE
- 1D
- 2.47%
- 1M
- 3.02%
- YTD
- 13.14%
- 6M
- 15.11%
- 1Y
- 34.73%
- 3Y*
- 21.50%
- 5Y*
- 14.52%
- 10Y*
- 12.54%
SSLN.L vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -5.21% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 13.14% | 43.08% | 5.13% | 11.60% | 0.72% | 17.71% | -3.69% | 16.93% | -12.83% | 14.83% |
Correlation
The correlation between SSLN.L and CEMS.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.14 |
The correlation between SSLN.L and CEMS.DE shifts across timeframes, from 0.14 (all time) to 0.28 (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
SSLN.L vs. CEMS.DE — Risk / Return Rank
SSLN.L
CEMS.DE
SSLN.L vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSLN.L | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.23 | -1.14 |
| Martin ratioReturn relative to average drawdown | 4.71 | 12.02 | -7.31 |
Loading charts...
Drawdowns
SSLN.L vs. CEMS.DE - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than CEMS.DE's maximum drawdown of -34.84%. Use the drawdown chart below to compare losses from any high point for SSLN.L and CEMS.DE.
Loading charts...
Drawdown Indicators
| SSLN.L | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -34.84% | -43.60% |
Max Drawdown (1Y)Largest decline over 1 year | -42.08% | -10.70% | -31.38% |
Max Drawdown (3Y)Largest decline over 3 years | -42.08% | -16.37% | -25.71% |
Max Drawdown (5Y)Largest decline over 5 years | -42.08% | -16.64% | -25.44% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -34.84% | -7.24% |
Current DrawdownCurrent decline from peak | -39.02% | -0.59% | -38.43% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -6.02% | -53.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 2.88% | +15.85% |
Volatility
SSLN.L vs. CEMS.DE - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.40% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.64%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSLN.L | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 4.64% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 52.43% | 11.51% | +40.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 13.90% | +41.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 15.17% | +21.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 16.88% | +14.26% |
SSLN.L vs. CEMS.DE - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than CEMS.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SSLN.L vs. CEMS.DE - Dividend Comparison
Neither SSLN.L nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and CEMS.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMS.DE.
SSLN.L is categorized as Silver, while CEMS.DE is Europe Equities. SSLN.L tracks LBMA Silver Price, while CEMS.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.20% for SSLN.L and 0.25% for CEMS.DE.
Find the right allocation for SSLN.L and CEMS.DE
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