SSLN.L vs. XLVP.L
SSLN.L (iShares Physical Silver ETC) and XLVP.L (Invesco US Health Care Sector UCITS ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while XLVP.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, SSLN.L returned 10.30%/yr vs 9.46%/yr for XLVP.L. At a 0.04 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.14%/yr for XLVP.L.
Performance
SSLN.L vs. XLVP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SSLN.L achieves a -21.90% return, which is significantly lower than XLVP.L's 5.31% return. Over the past 10 years, SSLN.L has outperformed XLVP.L with an annualized return of 10.30%, while XLVP.L has yielded a comparatively lower 9.46% 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%
XLVP.L
- 1D
- 0.75%
- 1M
- 6.66%
- 6M
- 4.08%
- YTD
- 5.31%
- 1Y
- 23.34%
- 3Y*
- 7.50%
- 5Y*
- 6.71%
- 10Y*
- 9.46%
SSLN.L vs. XLVP.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% |
XLVP.L Invesco US Health Care Sector UCITS ETF | 5.31% | 6.91% | 3.77% | -3.87% | 8.97% | 29.14% | 8.22% | 16.79% | 10.28% | 11.01% |
Correlation
The correlation between SSLN.L and XLVP.L is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.04 |
The correlation between SSLN.L and XLVP.L shifts across timeframes, from -0.06 (3 years) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. XLVP.L — Risk / Return Rank
SSLN.L
XLVP.L
SSLN.L vs. XLVP.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 Health Care Sector UCITS ETF (XLVP.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 | XLVP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.01 | -1.08 |
| Martin ratioReturn relative to average drawdown | 1.98 | 5.01 | -3.03 |
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Drawdowns
SSLN.L vs. XLVP.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than XLVP.L's maximum drawdown of -19.67%. Use the drawdown chart below to compare losses from any high point for SSLN.L and XLVP.L.
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Drawdown Indicators
| SSLN.L | XLVP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -19.67% | -58.77% |
Max Drawdown (1Y)Largest decline over 1 year | -49.75% | -11.56% | -38.19% |
Max Drawdown (3Y)Largest decline over 3 years | -49.75% | -19.67% | -30.08% |
Max Drawdown (5Y)Largest decline over 5 years | -49.75% | -19.67% | -30.08% |
Max Drawdown (10Y)Largest decline over 10 years | -49.75% | -19.67% | -30.08% |
Current DrawdownCurrent decline from peak | -49.75% | -1.84% | -47.91% |
Average DrawdownAverage peak-to-trough decline | -59.59% | -4.60% | -54.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.38% | 4.65% | +18.73% |
Volatility
SSLN.L vs. XLVP.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 12.58% compared to Invesco US Health Care Sector UCITS ETF (XLVP.L) at 5.61%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than XLVP.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 | XLVP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 5.61% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 51.16% | 11.27% | +39.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.81% | 15.36% | +41.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.88% | 14.44% | +22.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.10% | 15.68% | +15.42% |
SSLN.L vs. XLVP.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is higher than XLVP.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. XLVP.L - Dividend Comparison
Neither SSLN.L nor XLVP.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and XLVP.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLVP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLVP.L is cheaper with a 0.14% expense ratio, compared with 0.20% for SSLN.L.
SSLN.L is categorized as Silver, while XLVP.L is Health & Biotech Equities. SSLN.L tracks LBMA Silver Price, while XLVP.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SSLN.L and 0.14% for XLVP.L.
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