SSLN.L vs. NLR
SSLN.L (iShares Physical Silver ETC) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while NLR is a Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past 10 years, SSLN.L returned 14.83%/yr vs 13.38%/yr for NLR. At a 0.17 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.56%/yr for NLR.
Performance
SSLN.L vs. NLR - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while NLR is traded in USD. To make them comparable, the NLR 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 NLR's -1.31% return. Over the past 10 years, SSLN.L has outperformed NLR with an annualized return of 14.83%, while NLR has yielded a comparatively lower 13.38% 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%
NLR
- 1D
- 0.92%
- 1M
- -9.81%
- YTD
- -1.31%
- 6M
- -3.94%
- 1Y
- 20.60%
- 3Y*
- 27.26%
- 5Y*
- 21.02%
- 10Y*
- 13.38%
SSLN.L vs. NLR - 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% |
NLR VanEck Uranium and Nuclear ETF | -1.31% | 45.35% | 16.26% | 29.84% | 14.45% | 14.70% | 0.45% | -3.61% | 11.16% | -1.11% |
Correlation
The correlation between SSLN.L and NLR is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.17 |
The correlation between SSLN.L and NLR shifts across timeframes, from 0.17 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. NLR — Risk / Return Rank
SSLN.L
NLR
SSLN.L vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.75 | +1.34 |
| Martin ratioReturn relative to average drawdown | 4.71 | 1.69 | +3.02 |
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Drawdowns
SSLN.L vs. NLR - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than NLR's maximum drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for SSLN.L and NLR.
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Drawdown Indicators
| SSLN.L | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -53.92% | -24.52% |
Max Drawdown (1Y)Largest decline over 1 year | -42.08% | -27.45% | -14.63% |
Max Drawdown (3Y)Largest decline over 3 years | -42.08% | -32.75% | -9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -42.08% | -32.75% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -32.75% | -9.33% |
Current DrawdownCurrent decline from peak | -39.02% | -23.59% | -15.43% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -17.43% | -42.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 12.23% | +6.50% |
Volatility
SSLN.L vs. NLR - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.40% compared to VanEck Uranium and Nuclear ETF (NLR) at 13.00%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than NLR 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 | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 13.00% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 52.43% | 32.03% | +20.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 41.82% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 28.19% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 23.80% | +7.34% |
SSLN.L vs. NLR - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than NLR's 0.56% expense ratio.
Dividends
SSLN.L vs. NLR - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLR VanEck Uranium and Nuclear ETF | 2.60% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
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 NLR have a correlation of 0.34, 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 0.56% for NLR.
SSLN.L is categorized as Silver, while NLR is Alternative Energy Equities. SSLN.L tracks LBMA Silver Price, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for SSLN.L and 0.56% for NLR.
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