SSLN.L vs. SWDA.L
SSLN.L (iShares Physical Silver ETC) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while SWDA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 16.77%/yr vs 14.05%/yr for SWDA.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SSLN.L vs. SWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SSLN.L achieves a 2.69% return, which is significantly lower than SWDA.L's 9.92% return. Over the past 10 years, SSLN.L has outperformed SWDA.L with an annualized return of 16.77%, while SWDA.L has yielded a comparatively lower 14.05% annualized return.
SSLN.L
- 1D
- -3.04%
- 1M
- -2.09%
- YTD
- 2.69%
- 6M
- 23.96%
- 1Y
- 113.86%
- 3Y*
- 41.85%
- 5Y*
- 22.87%
- 10Y*
- 16.77%
SWDA.L
- 1D
- -0.25%
- 1M
- 5.16%
- YTD
- 9.92%
- 6M
- 10.29%
- 1Y
- 27.16%
- 3Y*
- 17.83%
- 5Y*
- 13.02%
- 10Y*
- 14.05%
SSLN.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | 2.69% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 40.73% | 12.68% | -3.48% | -5.59% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.92% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
Correlation
The correlation between SSLN.L and SWDA.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.14 |
The correlation between SSLN.L and SWDA.L shifts across timeframes, from 0.13 (5 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. SWDA.L — Risk / Return Rank
SSLN.L
SWDA.L
SSLN.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
| SSLN.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.51 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 4.13 | -1.21 |
| Martin ratioReturn relative to average drawdown | 6.46 | 16.50 | -10.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSLN.L | SWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.66 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.98 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.97 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.88 | -0.71 |
Drawdowns
SSLN.L vs. SWDA.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -69.95%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for SSLN.L and SWDA.L.
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Drawdown Indicators
| SSLN.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.95% | -25.58% | -44.37% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -6.55% | -32.17% |
Max Drawdown (3Y)Largest decline over 3 years | -38.72% | -18.50% | -20.22% |
Max Drawdown (5Y)Largest decline over 5 years | -38.72% | -18.50% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -25.58% | -13.14% |
Current DrawdownCurrent decline from peak | -33.93% | -0.25% | -33.68% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -3.49% | -41.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.56% | 1.64% | +15.92% |
Volatility
SSLN.L vs. SWDA.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 16.55% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 2.52% | +14.03% |
Volatility (6M)Calculated over the trailing 6-month period | 52.03% | 7.30% | +44.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.53% | 10.23% | +44.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.31% | 13.30% | +20.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 14.50% | +15.20% |
SSLN.L vs. SWDA.L - Expense Ratio Comparison
Both SSLN.L and SWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SSLN.L vs. SWDA.L - Dividend Comparison
Neither SSLN.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and SWDA.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L and SWDA.L have the same expense ratio: 0.20% per year.
SSLN.L is categorized as Silver, while SWDA.L is Global Equities. SSLN.L tracks LBMA Silver Price, while SWDA.L tracks MSCI ACWI NR USD.
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