SSLN.L vs. XLEP.L
SSLN.L (iShares Physical Silver ETC) and XLEP.L (Invesco US Energy Sector UCITS ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while XLEP.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 16.77%/yr vs 10.50%/yr for XLEP.L. At a 0.12 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.14%/yr for XLEP.L.
Performance
SSLN.L vs. XLEP.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 XLEP.L's 31.69% return. Over the past 10 years, SSLN.L has outperformed XLEP.L with an annualized return of 16.77%, while XLEP.L has yielded a comparatively lower 10.50% 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%
XLEP.L
- 1D
- 2.49%
- 1M
- 1.47%
- YTD
- 31.69%
- 6M
- 29.43%
- 1Y
- 44.82%
- 3Y*
- 14.32%
- 5Y*
- 21.35%
- 10Y*
- 10.50%
SSLN.L vs. XLEP.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% |
XLEP.L Invesco US Energy Sector UCITS ETF | 31.69% | 1.41% | 4.85% | -5.07% | 81.43% | 53.83% | -35.01% | 5.84% | -13.66% | -9.87% |
Correlation
The correlation between SSLN.L and XLEP.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014 | 0.12 |
The correlation between SSLN.L and XLEP.L shifts across timeframes, from -0.10 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. XLEP.L — Risk / Return Rank
SSLN.L
XLEP.L
SSLN.L vs. XLEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and Invesco US Energy Sector UCITS ETF (XLEP.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 | XLEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.76 | +0.16 |
| Martin ratioReturn relative to average drawdown | 6.46 | 8.81 | -2.35 |
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 | XLEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.90 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.81 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.37 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.25 | -0.08 |
Drawdowns
SSLN.L vs. XLEP.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -69.95%, which is greater than XLEP.L's maximum drawdown of -63.35%. Use the drawdown chart below to compare losses from any high point for SSLN.L and XLEP.L.
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Drawdown Indicators
| SSLN.L | XLEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.95% | -63.35% | -6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -38.72% | -16.17% | -22.55% |
Max Drawdown (3Y)Largest decline over 3 years | -38.72% | -24.06% | -14.66% |
Max Drawdown (5Y)Largest decline over 5 years | -38.72% | -24.16% | -14.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.72% | -63.35% | +24.63% |
Current DrawdownCurrent decline from peak | -33.93% | -7.88% | -26.05% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -16.97% | -28.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.56% | 5.07% | +12.49% |
Volatility
SSLN.L vs. XLEP.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 16.55% compared to Invesco US Energy Sector UCITS ETF (XLEP.L) at 9.02%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than XLEP.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 | XLEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 9.02% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 52.03% | 19.87% | +32.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.53% | 23.54% | +30.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.31% | 26.28% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 28.15% | +1.55% |
SSLN.L vs. XLEP.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is higher than XLEP.L's 0.14% expense ratio. However, 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. XLEP.L - Dividend Comparison
Neither SSLN.L nor XLEP.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and XLEP.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLEP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLEP.L is cheaper with a 0.14% expense ratio, compared with 0.20% for SSLN.L.
SSLN.L is categorized as Silver, while XLEP.L is Energy Equities. SSLN.L tracks LBMA Silver Price, while XLEP.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SSLN.L and 0.14% for XLEP.L.
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