SSLN.L vs. TREG.L
SSLN.L (iShares Physical Silver ETC) and TREG.L (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while TREG.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 10.30%/yr vs 2.13%/yr for TREG.L. At a 0.05 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.25%/yr for TREG.L.
Performance
SSLN.L vs. TREG.L - Performance Comparison
Loading charts...
Different Trading Currencies
SSLN.L is traded in GBp, while TREG.L is traded in GBP. To make them comparable, the TREG.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 -21.90% return, which is significantly lower than TREG.L's 12.79% return. Over the past 10 years, SSLN.L has outperformed TREG.L with an annualized return of 10.30%, while TREG.L has yielded a comparatively lower 2.13% annualized return.
SSLN.L
- 1D
- -0.80%
- 1M
- -21.14%
- 6M
- -37.37%
- YTD
- -21.90%
- 1Y
- 46.37%
- 3Y*
- 29.07%
- 5Y*
- 17.13%
- 10Y*
- 10.30%
TREG.L
- 1D
- 1.30%
- 1M
- 5.24%
- 6M
- 9.34%
- YTD
- 12.79%
- 1Y
- 18.95%
- 3Y*
- 11.16%
- 5Y*
- 3.86%
- 10Y*
- 2.13%
SSLN.L vs. TREG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -21.90% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
TREG.L VanEck Global Real Estate UCITS ETF | 12.79% | 6.64% | 2.78% | 7.62% | -16.75% | 31.33% | -10.05% | 3.51% | -0.21% | -4.12% |
Correlation
The correlation between SSLN.L and TREG.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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SSLN.L vs. TREG.L — Risk / Return Rank
SSLN.L
TREG.L
SSLN.L vs. TREG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and VanEck Global Real Estate UCITS ETF (TREG.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 | TREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.01 | -1.08 |
| Martin ratioReturn relative to average drawdown | 1.98 | 6.33 | -4.35 |
Loading charts...
Drawdowns
SSLN.L vs. TREG.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than TREG.L's maximum drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for SSLN.L and TREG.L.
Loading charts...
Drawdown Indicators
| SSLN.L | TREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -38.57% | -39.87% |
Max Drawdown (1Y)Largest decline over 1 year | -49.75% | -9.39% | -40.36% |
Max Drawdown (3Y)Largest decline over 3 years | -49.75% | -15.31% | -34.44% |
Max Drawdown (5Y)Largest decline over 5 years | -49.75% | -26.89% | -22.86% |
Max Drawdown (10Y)Largest decline over 10 years | -49.75% | -35.67% | -14.08% |
Current DrawdownCurrent decline from peak | -49.75% | 0.00% | -49.75% |
Average DrawdownAverage peak-to-trough decline | -59.59% | -10.97% | -48.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.38% | 2.99% | +20.39% |
Volatility
SSLN.L vs. TREG.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 12.58% compared to VanEck Global Real Estate UCITS ETF (TREG.L) at 4.32%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than TREG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSLN.L | TREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 4.32% | +8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 51.16% | 9.99% | +41.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.81% | 11.92% | +44.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.88% | 14.79% | +22.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.10% | 16.03% | +15.07% |
SSLN.L vs. TREG.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than TREG.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SSLN.L vs. TREG.L - Dividend Comparison
SSLN.L has not paid dividends to shareholders, while TREG.L's dividend yield for the trailing twelve months is around 3.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.23% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% | 3.83% | 2.79% |
Frequently Asked Questions
SSLN.L and TREG.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 0.25% for TREG.L.
SSLN.L is categorized as Silver, while TREG.L is REIT. SSLN.L tracks LBMA Silver Price, while TREG.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for SSLN.L and 0.25% for TREG.L.
Find the right allocation for SSLN.L and TREG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer