SSLN.L vs. GIN.L
SSLN.L (iShares Physical Silver ETC) and GIN.L (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while GIN.L is a Diversified Portfolio fund tracking the Morningstar EAA USD Mod Tgt Alloc NR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 12.83%/yr vs 5.88%/yr for GIN.L. At a 0.15 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.40%/yr for GIN.L.
Performance
SSLN.L vs. GIN.L - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while GIN.L is traded in GBP. To make them comparable, the GIN.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 -15.76% return, which is significantly lower than GIN.L's 6.67% return. Over the past 10 years, SSLN.L has outperformed GIN.L with an annualized return of 12.83%, while GIN.L has yielded a comparatively lower 5.88% annualized return.
SSLN.L
- 1D
- -4.67%
- 1M
- -20.60%
- YTD
- -15.76%
- 6M
- -16.40%
- 1Y
- 70.83%
- 3Y*
- 36.24%
- 5Y*
- 18.79%
- 10Y*
- 12.83%
GIN.L
- 1D
- 0.17%
- 1M
- 1.43%
- YTD
- 6.67%
- 6M
- 7.14%
- 1Y
- 14.72%
- 3Y*
- 7.93%
- 5Y*
- 3.94%
- 10Y*
- 5.88%
SSLN.L vs. GIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -15.76% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist | 6.67% | 6.67% | 5.04% | 1.48% | -3.29% | 7.17% | 3.77% | 14.62% | 2.26% | 3.71% |
Correlation
The correlation between SSLN.L and GIN.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015 | 0.15 |
The correlation between SSLN.L and GIN.L shifts across timeframes, from -0.05 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. GIN.L — Risk / Return Rank
SSLN.L
GIN.L
SSLN.L vs. GIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.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 | GIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.55 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.53 | 9.11 | -5.58 |
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Drawdowns
SSLN.L vs. GIN.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than GIN.L's maximum drawdown of -39.60%. Use the drawdown chart below to compare losses from any high point for SSLN.L and GIN.L.
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Drawdown Indicators
| SSLN.L | GIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -39.60% | -38.84% |
Max Drawdown (1Y)Largest decline over 1 year | -45.80% | -4.17% | -41.63% |
Max Drawdown (3Y)Largest decline over 3 years | -45.80% | -6.34% | -39.46% |
Max Drawdown (5Y)Largest decline over 5 years | -45.80% | -12.42% | -33.38% |
Max Drawdown (10Y)Largest decline over 10 years | -45.80% | -15.74% | -30.06% |
Current DrawdownCurrent decline from peak | -45.80% | -0.34% | -45.46% |
Average DrawdownAverage peak-to-trough decline | -59.65% | -9.97% | -49.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.02% | 1.63% | +18.39% |
Volatility
SSLN.L vs. GIN.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.21% compared to SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) at 2.05%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than GIN.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 | GIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.21% | 2.05% | +12.16% |
Volatility (6M)Calculated over the trailing 6-month period | 53.05% | 5.89% | +47.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.16% | 7.93% | +48.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.62% | 9.44% | +27.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.09% | 10.31% | +20.78% |
SSLN.L vs. GIN.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than GIN.L's 0.40% expense ratio.
Dividends
SSLN.L vs. GIN.L - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while GIN.L's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist | 2.86% | 2.92% | 2.80% | 2.80% | 2.47% | 1.92% | 2.23% | 2.37% | 2.90% | 2.98% | 2.92% | 1.81% |
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 GIN.L have a correlation of -0.05, 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 0.40% for GIN.L.
SSLN.L is categorized as Silver, while GIN.L is Diversified Portfolio. SSLN.L tracks LBMA Silver Price, while GIN.L tracks Morningstar EAA USD Mod Tgt Alloc NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SSLN.L and 0.40% for GIN.L.
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