SSLN.L vs. EGLN.L
SSLN.L (iShares Physical Silver ETC) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SSLN.L returned 14.83%/yr vs 11.70%/yr for EGLN.L. A 0.65 correlation means they provide meaningful diversification when combined. SSLN.L charges 0.20%/yr vs 0.25%/yr for EGLN.L.
Performance
SSLN.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while EGLN.L is traded in EUR. To make them comparable, the EGLN.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 -5.21% return, which is significantly lower than EGLN.L's -1.77% return. Over the past 10 years, SSLN.L has outperformed EGLN.L with an annualized return of 14.83%, while EGLN.L has yielded a comparatively lower 11.70% 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%
EGLN.L
- 1D
- 2.82%
- 1M
- -9.49%
- YTD
- -1.77%
- 6M
- -1.90%
- 1Y
- 26.13%
- 3Y*
- 26.63%
- 5Y*
- 18.61%
- 10Y*
- 11.70%
SSLN.L vs. EGLN.L - 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% |
EGLN.L iShares Physical Gold ETC | -1.77% | 53.83% | 28.21% | 7.18% | 11.48% | -2.31% | 20.11% | 13.75% | 4.41% | 3.78% |
Correlation
The correlation between SSLN.L and EGLN.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.65 |
The correlation between SSLN.L and EGLN.L has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
SSLN.L vs. EGLN.L — Risk / Return Rank
SSLN.L
EGLN.L
SSLN.L vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and iShares Physical Gold ETC (EGLN.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.
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 | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.14 | +0.95 |
| Martin ratioReturn relative to average drawdown | 4.71 | 3.57 | +1.14 |
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Drawdowns
SSLN.L vs. EGLN.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than EGLN.L's maximum drawdown of -55.69%. Use the drawdown chart below to compare losses from any high point for SSLN.L and EGLN.L.
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Drawdown Indicators
| SSLN.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -55.69% | -22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -42.08% | -22.75% | -19.33% |
Max Drawdown (3Y)Largest decline over 3 years | -42.08% | -22.75% | -19.33% |
Max Drawdown (5Y)Largest decline over 5 years | -42.08% | -22.75% | -19.33% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -23.83% | -18.25% |
Current DrawdownCurrent decline from peak | -39.02% | -20.58% | -18.44% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -24.76% | -34.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 7.30% | +11.43% |
Volatility
SSLN.L vs. EGLN.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.40% compared to iShares Physical Gold ETC (EGLN.L) at 6.87%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than EGLN.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 | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 6.87% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 52.43% | 20.75% | +31.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 23.83% | +31.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 17.43% | +18.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 17.13% | +14.01% |
SSLN.L vs. EGLN.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than EGLN.L'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. EGLN.L - Dividend Comparison
Neither SSLN.L nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and EGLN.L have a correlation of 0.74, 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 EGLN.L.
SSLN.L is categorized as Silver, while EGLN.L is Gold. SSLN.L tracks LBMA Silver Price, while EGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for SSLN.L and 0.25% for EGLN.L.
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