SSLN.L vs. NRJL.L
SSLN.L (iShares Physical Silver ETC) and NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while NRJL.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 11.54%/yr vs 9.77%/yr for NRJL.L. At a 0.12 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.60%/yr for NRJL.L.
Performance
SSLN.L vs. NRJL.L - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while NRJL.L is traded in GBP. To make them comparable, the NRJL.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 -15.38% return, which is significantly lower than NRJL.L's 38.38% return. Over the past 10 years, SSLN.L has outperformed NRJL.L with an annualized return of 11.54%, while NRJL.L has yielded a comparatively lower 9.77% annualized return.
SSLN.L
- 1D
- 3.08%
- 1M
- -20.04%
- YTD
- -15.38%
- 6M
- -20.49%
- 1Y
- 71.23%
- 3Y*
- 35.76%
- 5Y*
- 18.76%
- 10Y*
- 11.54%
NRJL.L
- 1D
- 2.18%
- 1M
- -0.27%
- YTD
- 38.38%
- 6M
- 37.58%
- 1Y
- 79.01%
- 3Y*
- 11.14%
- 5Y*
- 2.89%
- 10Y*
- 9.77%
SSLN.L vs. NRJL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -15.38% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 38.38% | 35.47% | -11.56% | -22.87% | -8.74% | -5.40% | 33.09% | 47.31% | -7.75% | 15.17% |
Correlation
The correlation between SSLN.L and NRJL.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.12 |
Over the past year, SSLN.L and NRJL.L have become more correlated (0.38) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
SSLN.L vs. NRJL.L — Risk / Return Rank
SSLN.L
NRJL.L
SSLN.L vs. NRJL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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 | NRJL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.61 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 7.92 | -6.41 |
| Martin ratioReturn relative to average drawdown | 3.40 | 28.54 | -25.14 |
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Drawdowns
SSLN.L vs. NRJL.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than NRJL.L's maximum drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for SSLN.L and NRJL.L.
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Drawdown Indicators
| SSLN.L | NRJL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -54.56% | -23.88% |
Max Drawdown (1Y)Largest decline over 1 year | -47.19% | -9.93% | -37.26% |
Max Drawdown (3Y)Largest decline over 3 years | -47.19% | -39.16% | -8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -47.19% | -54.10% | +6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -54.56% | +7.37% |
Current DrawdownCurrent decline from peak | -45.56% | -3.27% | -42.29% |
Average DrawdownAverage peak-to-trough decline | -59.64% | -23.11% | -36.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 2.76% | +18.10% |
Volatility
SSLN.L vs. NRJL.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.91% compared to Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) at 9.59%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than NRJL.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 | NRJL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.91% | 9.59% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 53.08% | 17.37% | +35.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.25% | 21.06% | +35.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.68% | 21.92% | +14.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.05% | 21.32% | +9.73% |
SSLN.L vs. NRJL.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than NRJL.L's 0.60% expense ratio.
Dividends
SSLN.L vs. NRJL.L - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while NRJL.L's dividend yield for the trailing twelve months is around 0.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 0.30% | 0.42% | 0.73% | 0.77% | 0.24% | 0.32% | 0.70% | 1.02% | 0.59% | 0.79% |
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% |
Frequently Asked Questions
SSLN.L and NRJL.L have a correlation of 0.38, 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 0.60% for NRJL.L.
SSLN.L is categorized as Silver, while NRJL.L is Energy Equities. SSLN.L tracks LBMA Silver Price, while NRJL.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for SSLN.L and 0.60% for NRJL.L.
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