SSLN.L vs. CNDX.L
SSLN.L (iShares Physical Silver ETC) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SSLN.L returned 16.77%/yr vs 22.74%/yr for CNDX.L. At a 0.11 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.33%/yr for CNDX.L.
Performance
SSLN.L vs. CNDX.L - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while CNDX.L is traded in USD. To make them comparable, the CNDX.L 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 2.69% return, which is significantly lower than CNDX.L's 20.90% return. Over the past 10 years, SSLN.L has underperformed CNDX.L with an annualized return of 16.77%, while CNDX.L has yielded a comparatively higher 22.74% annualized return.
SSLN.L
- 1D
- -3.04%
- 1M
- -2.09%
- YTD
- 2.69%
- 6M
- 23.96%
- 1Y
- 113.86%
- 3Y*
- 41.85%
- 5Y*
- 22.87%
- 10Y*
- 16.77%
CNDX.L
- 1D
- 0.16%
- 1M
- 11.63%
- YTD
- 20.90%
- 6M
- 19.16%
- 1Y
- 42.84%
- 3Y*
- 25.37%
- 5Y*
- 19.03%
- 10Y*
- 22.74%
SSLN.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | 2.69% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 40.73% | 12.68% | -3.48% | -5.59% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 20.90% | 11.22% | 28.66% | 48.50% | -25.54% | 29.17% | 43.97% | 32.82% | 4.84% | 20.91% |
Correlation
The correlation between SSLN.L and CNDX.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.11 |
The correlation between SSLN.L and CNDX.L shifts across timeframes, from 0.10 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. CNDX.L — Risk / Return Rank
SSLN.L
CNDX.L
SSLN.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and iShares NASDAQ 100 UCITS ETF (CNDX.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.
| SSLN.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.80 | -0.88 |
| Martin ratioReturn relative to average drawdown | 6.46 | 10.82 | -4.36 |
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
| SSLN.L | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.68 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.95 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 1.12 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.18 | -1.01 |
Drawdowns
SSLN.L vs. CNDX.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -69.95%, which is greater than CNDX.L's maximum drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for SSLN.L and CNDX.L.
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Drawdown Indicators
| SSLN.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.95% | -27.74% | -42.21% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -11.11% | -27.61% |
Max Drawdown (3Y)Largest decline over 3 years | -38.72% | -24.37% | -14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -38.72% | -27.74% | -10.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -27.74% | -10.98% |
Current DrawdownCurrent decline from peak | -33.93% | 0.00% | -33.93% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -4.72% | -40.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.56% | 3.93% | +13.63% |
Volatility
SSLN.L vs. CNDX.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 16.55% compared to iShares NASDAQ 100 UCITS ETF (CNDX.L) at 4.91%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSLN.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 4.91% | +11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 52.03% | 11.61% | +40.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.53% | 15.81% | +38.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.31% | 20.08% | +13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 20.20% | +9.50% |
SSLN.L vs. CNDX.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
SSLN.L vs. CNDX.L - Dividend Comparison
Neither SSLN.L nor CNDX.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
SSLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSLN.L and CNDX.L have a correlation of 0.22, 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 0.33% for CNDX.L.
SSLN.L is categorized as Silver, while CNDX.L is Nasdaq-100. SSLN.L tracks LBMA Silver Price, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for SSLN.L and 0.33% for CNDX.L.
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