SSLN.L vs. PGR
SSLN.L (iShares Physical Silver ETC) is Silver fund tracking the LBMA Silver Price, while PGR (The Progressive Corporation) is a stock. Over the past 10 years, SSLN.L returned 14.83%/yr vs 24.28%/yr for PGR. At a correlation of -0.01, they often move in opposite directions.
Performance
SSLN.L vs. PGR - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while PGR is traded in USD. To make them comparable, the PGR 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 PGR's -4.61% return. Over the past 10 years, SSLN.L has underperformed PGR with an annualized return of 14.83%, while PGR has yielded a comparatively higher 24.28% annualized return.
SSLN.L
- 1D
- 5.29%
- 1M
- -12.09%
- YTD
- -5.21%
- 6M
- 9.19%
- 1Y
- 88.79%
- 3Y*
- 38.49%
- 5Y*
- 20.27%
- 10Y*
- 14.83%
PGR
- 1D
- 0.51%
- 1M
- 1.07%
- YTD
- -4.61%
- 6M
- -8.20%
- 1Y
- -18.24%
- 3Y*
- 16.67%
- 5Y*
- 20.64%
- 10Y*
- 24.28%
SSLN.L vs. PGR - 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% |
PGR The Progressive Corporation | -4.61% | -9.93% | 54.04% | 17.00% | 41.88% | 11.89% | 37.33% | 20.37% | 15.88% | 47.61% |
Correlation
The correlation between SSLN.L and PGR is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | -0.01 |
The correlation between SSLN.L and PGR shifts across timeframes, from -0.11 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. PGR — Risk / Return Rank
SSLN.L
PGR
SSLN.L vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and The Progressive Corporation (PGR). 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 | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.89 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.76 | +2.85 |
| Martin ratioReturn relative to average drawdown | 4.71 | -1.20 | +5.91 |
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Drawdowns
SSLN.L vs. PGR - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than PGR's maximum drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for SSLN.L and PGR.
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Drawdown Indicators
| SSLN.L | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -33.24% | -45.20% |
Max Drawdown (1Y)Largest decline over 1 year | -42.08% | -23.90% | -18.18% |
Max Drawdown (3Y)Largest decline over 3 years | -42.08% | -32.84% | -9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -42.08% | -32.84% | -9.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -32.84% | -9.24% |
Current DrawdownCurrent decline from peak | -39.02% | -28.09% | -10.93% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -7.34% | -52.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 15.19% | +3.54% |
Volatility
SSLN.L vs. PGR - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.40% compared to The Progressive Corporation (PGR) at 7.94%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than PGR 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 | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 7.94% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 52.43% | 18.01% | +34.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 23.64% | +31.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 25.38% | +11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 25.71% | +5.43% |
Dividends
SSLN.L vs. PGR - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.84% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
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 PGR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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