SSLN.L vs. XNAQ.L
SSLN.L (iShares Physical Silver ETC) and XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, SSLN.L returned 20.27%/yr vs 17.97%/yr for XNAQ.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SSLN.L vs. XNAQ.L - Performance Comparison
Loading charts...
Different Trading Currencies
SSLN.L is traded in GBp, while XNAQ.L is traded in GBP. To make them comparable, the XNAQ.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 -5.21% return, which is significantly lower than XNAQ.L's 17.14% return.
SSLN.L
- 1D
- 5.29%
- 1M
- -20.21%
- YTD
- -5.21%
- 6M
- 9.19%
- 1Y
- 88.79%
- 3Y*
- 38.49%
- 5Y*
- 20.27%
- 10Y*
- 14.83%
XNAQ.L
- 1D
- 2.42%
- 1M
- 0.57%
- YTD
- 17.14%
- 6M
- 17.33%
- 1Y
- 38.43%
- 3Y*
- 23.76%
- 5Y*
- 17.97%
- 10Y*
- —
SSLN.L vs. XNAQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -5.21% | 130.26% | 23.21% | -6.20% | 15.75% | -9.22% |
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 17.14% | 11.72% | 28.64% | 47.82% | -25.44% | -8.88% |
Correlation
The correlation between SSLN.L and XNAQ.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.11 |
The correlation between SSLN.L and XNAQ.L shifts across timeframes, from 0.09 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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. XNAQ.L — Risk / Return Rank
SSLN.L
XNAQ.L
SSLN.L vs. XNAQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.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 | XNAQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.40 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.71 | 9.85 | -5.14 |
Loading charts...
Drawdowns
SSLN.L vs. XNAQ.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than XNAQ.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for SSLN.L and XNAQ.L.
Loading charts...
Drawdown Indicators
| SSLN.L | XNAQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -34.26% | -44.18% |
Max Drawdown (1Y)Largest decline over 1 year | -42.08% | -10.99% | -31.09% |
Max Drawdown (3Y)Largest decline over 3 years | -42.08% | -24.55% | -17.53% |
Max Drawdown (5Y)Largest decline over 5 years | -42.08% | -27.52% | -14.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | — | — |
Current DrawdownCurrent decline from peak | -39.02% | -2.90% | -36.12% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -13.67% | -46.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 3.80% | +14.93% |
Volatility
SSLN.L vs. XNAQ.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.40% compared to Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) at 5.78%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than XNAQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSLN.L | XNAQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.40% | 5.78% | +8.62% |
Volatility (6M)Calculated over the trailing 6-month period | 52.43% | 11.20% | +41.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 15.32% | +39.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 23.63% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 25.98% | +5.16% |
SSLN.L vs. XNAQ.L - Expense Ratio Comparison
Both SSLN.L and XNAQ.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. XNAQ.L - Dividend Comparison
Neither SSLN.L nor XNAQ.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and XNAQ.L have a correlation of 0.21, 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 XNAQ.L have the same expense ratio: 0.20% per year.
SSLN.L is categorized as Silver, while XNAQ.L is Nasdaq-100. SSLN.L tracks LBMA Silver Price, while XNAQ.L tracks Russell 1000 Growth TR USD. They also come from different issuers: iShares and Xtrackers.
Find the right allocation for SSLN.L and XNAQ.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