SSLN.L vs. EMIM.L
SSLN.L (iShares Physical Silver ETC) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 16.77%/yr vs 11.46%/yr for EMIM.L. At a 0.23 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.18%/yr for EMIM.L.
Performance
SSLN.L vs. EMIM.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 lower than EMIM.L's 25.92% return. Over the past 10 years, SSLN.L has outperformed EMIM.L with an annualized return of 16.77%, while EMIM.L has yielded a comparatively lower 11.46% 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%
EMIM.L
- 1D
- -1.05%
- 1M
- 9.44%
- YTD
- 25.92%
- 6M
- 28.17%
- 1Y
- 54.25%
- 3Y*
- 20.67%
- 5Y*
- 9.05%
- 10Y*
- 11.46%
SSLN.L vs. EMIM.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% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.92% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between SSLN.L and EMIM.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.23 |
The correlation between SSLN.L and EMIM.L shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. EMIM.L — Risk / Return Rank
SSLN.L
EMIM.L
SSLN.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.61 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 4.94 | -2.02 |
| Martin ratioReturn relative to average drawdown | 6.46 | 17.69 | -11.24 |
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 | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 3.25 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.57 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.50 | -0.33 |
Drawdowns
SSLN.L vs. EMIM.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -69.95%, which is greater than EMIM.L's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for SSLN.L and EMIM.L.
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Drawdown Indicators
| SSLN.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.95% | -31.70% | -38.25% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -10.92% | -27.80% |
Max Drawdown (3Y)Largest decline over 3 years | -38.72% | -15.56% | -23.16% |
Max Drawdown (5Y)Largest decline over 5 years | -38.72% | -21.98% | -16.74% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -26.46% | -12.26% |
Current DrawdownCurrent decline from peak | -33.93% | -1.05% | -32.88% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -8.71% | -36.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.56% | 3.06% | +14.50% |
Volatility
SSLN.L vs. EMIM.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 16.55% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) at 7.09%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 7.09% | +9.46% |
Volatility (6M)Calculated over the trailing 6-month period | 52.03% | 14.06% | +37.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.53% | 16.61% | +37.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.31% | 15.81% | +17.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 17.81% | +11.89% |
SSLN.L vs. EMIM.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is higher than EMIM.L's 0.18% 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. EMIM.L - Dividend Comparison
Neither SSLN.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and EMIM.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SSLN.L.
SSLN.L is categorized as Silver, while EMIM.L is Emerging Markets Equities. SSLN.L tracks LBMA Silver Price, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.20% for SSLN.L and 0.18% for EMIM.L.
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