SSLN.L vs. CSH2.L
SSLN.L (iShares Physical Silver ETC) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while CSH2.L is a Money Market fund actively managed by Amundi. SSLN.L is passively managed, while CSH2.L is actively managed. Over the past 10 years, SSLN.L returned 16.77%/yr vs 2.07%/yr for CSH2.L. At a correlation of -0.03, they often move in opposite directions. SSLN.L charges 0.20%/yr vs 0.07%/yr for CSH2.L.
Performance
SSLN.L vs. CSH2.L - Performance Comparison
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Returns By Period
In the year-to-date period, SSLN.L achieves a 2.69% return, which is significantly higher than CSH2.L's 1.71% return. Over the past 10 years, SSLN.L has outperformed CSH2.L with an annualized return of 16.77%, while CSH2.L has yielded a comparatively lower 2.07% 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%
CSH2.L
- 1D
- 0.01%
- 1M
- 0.35%
- YTD
- 1.71%
- 6M
- 2.09%
- 1Y
- 4.37%
- 3Y*
- 4.99%
- 5Y*
- 3.65%
- 10Y*
- 2.07%
SSLN.L vs. CSH2.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% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.71% | 4.67% | 5.61% | 4.72% | 1.54% | 0.13% | 0.30% | 0.82% | 0.70% | 0.42% |
Correlation
The correlation between SSLN.L and CSH2.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2015 | -0.03 |
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Return for Risk
SSLN.L vs. CSH2.L — Risk / Return Rank
SSLN.L
CSH2.L
SSLN.L vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.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 | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.96 | ||
| Sortino ratioReturn per unit of downside risk | -12.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 4.37 | -3.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 27.61 | -24.69 |
| Martin ratioReturn relative to average drawdown | 6.46 | 158.77 | -152.31 |
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 | CSH2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 8.04 | -5.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 6.48 | -5.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 4.68 | -4.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 4.61 | -4.44 |
Drawdowns
SSLN.L vs. CSH2.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -69.95%, which is greater than CSH2.L's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for SSLN.L and CSH2.L.
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Drawdown Indicators
| SSLN.L | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.95% | -0.37% | -69.58% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -0.16% | -38.56% |
Max Drawdown (3Y)Largest decline over 3 years | -38.72% | -0.29% | -38.43% |
Max Drawdown (5Y)Largest decline over 5 years | -38.72% | -0.29% | -38.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -0.37% | -38.35% |
Current DrawdownCurrent decline from peak | -33.93% | 0.00% | -33.93% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -0.00% | -45.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.56% | 0.03% | +17.53% |
Volatility
SSLN.L vs. CSH2.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 16.55% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than CSH2.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 | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 0.08% | +16.47% |
Volatility (6M)Calculated over the trailing 6-month period | 52.03% | 0.25% | +51.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.53% | 0.54% | +53.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.31% | 0.56% | +32.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 0.44% | +29.26% |
SSLN.L vs. CSH2.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is higher than CSH2.L's 0.07% expense ratio. However, 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. CSH2.L - Dividend Comparison
Neither SSLN.L nor CSH2.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and CSH2.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSH2.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.20% for SSLN.L.
SSLN.L is categorized as Silver, while CSH2.L is Money Market. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for SSLN.L and 0.07% for CSH2.L.
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