SSLN.L vs. ENR.DE
SSLN.L (iShares Physical Silver ETC) is Silver fund tracking the LBMA Silver Price, while ENR.DE (Siemens Energy AG) is a stock. Over the past 5 years, SSLN.L returned 20.27%/yr vs 44.93%/yr for ENR.DE. At a 0.16 correlation, their price movements are largely independent.
Performance
SSLN.L vs. ENR.DE - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while ENR.DE is traded in EUR. To make them comparable, the ENR.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 ENR.DE's 26.73% 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%
ENR.DE
- 1D
- 4.46%
- 1M
- -13.68%
- YTD
- 26.73%
- 6M
- 26.90%
- 1Y
- 82.61%
- 3Y*
- 87.21%
- 5Y*
- 44.93%
- 10Y*
- —
SSLN.L vs. ENR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -5.21% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 7.02% |
ENR.DE Siemens Energy AG | 26.73% | 151.42% | 301.53% | -33.10% | -17.13% | -30.32% | 35.38% |
Correlation
The correlation between SSLN.L and ENR.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2020 | 0.16 |
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Return for Risk
SSLN.L vs. ENR.DE — Risk / Return Rank
SSLN.L
ENR.DE
SSLN.L vs. ENR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and Siemens Energy AG (ENR.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 | ENR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.12 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.71 | 11.21 | -6.50 |
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Drawdowns
SSLN.L vs. ENR.DE - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, roughly equal to the maximum ENR.DE drawdown of -80.03%. Use the drawdown chart below to compare losses from any high point for SSLN.L and ENR.DE.
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Drawdown Indicators
| SSLN.L | ENR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -80.03% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -42.08% | -26.38% | -15.70% |
Max Drawdown (3Y)Largest decline over 3 years | -42.08% | -70.47% | +28.39% |
Max Drawdown (5Y)Largest decline over 5 years | -42.08% | -74.05% | +31.97% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | — | — |
Current DrawdownCurrent decline from peak | -39.02% | -18.44% | -20.58% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -29.94% | -29.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 7.35% | +11.38% |
Volatility
SSLN.L vs. ENR.DE - Volatility Comparison
The current volatility for iShares Physical Silver ETC (SSLN.L) is 14.40%, while Siemens Energy AG (ENR.DE) has a volatility of 15.16%. This indicates that SSLN.L experiences smaller price fluctuations and is considered to be less risky than ENR.DE 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 | ENR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 15.16% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 52.43% | 35.58% | +16.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 48.19% | +7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 51.74% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 50.21% | -19.07% |
Dividends
SSLN.L vs. ENR.DE - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while ENR.DE's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ENR.DE Siemens Energy AG | 0.46% | 0.00% | 0.00% | 0.00% | 0.57% |
SSLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSLN.L and ENR.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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