SSLV.L vs. 8PSG.DE
SSLV.L (Invesco Physical Silver ETC) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - SSLV.L is a Silver fund tracking the LBMA Silver Price, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SSLV.L returned 19.05%/yr vs 18.60%/yr for 8PSG.DE. A 0.69 correlation means they provide meaningful diversification when combined. SSLV.L charges 0.19%/yr vs 0.12%/yr for 8PSG.DE.
Performance
SSLV.L vs. 8PSG.DE - Performance Comparison
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Different Trading Currencies
SSLV.L is traded in USD, while 8PSG.DE is traded in EUR. To make them comparable, the 8PSG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SSLV.L achieves a -5.65% return, which is significantly lower than 8PSG.DE's 1.53% return.
SSLV.L
- 1D
- 5.76%
- 1M
- -20.67%
- YTD
- -5.65%
- 6M
- 9.69%
- 1Y
- 86.40%
- 3Y*
- 41.36%
- 5Y*
- 19.05%
- 10Y*
- 14.25%
8PSG.DE
- 1D
- 0.69%
- 1M
- -4.84%
- YTD
- 1.53%
- 6M
- 4.30%
- 1Y
- 31.64%
- 3Y*
- 31.51%
- 5Y*
- 18.60%
- 10Y*
- —
SSLV.L vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SSLV.L Invesco Physical Silver ETC | -5.65% | 147.68% | 21.09% | -0.91% | 3.59% | -12.95% | 57.89% |
8PSG.DE Invesco Physical Gold ETC | 1.53% | 68.18% | 26.61% | 12.89% | 1.11% | -4.38% | 16.65% |
Correlation
The correlation between SSLV.L and 8PSG.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.69 |
The correlation between SSLV.L and 8PSG.DE has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
SSLV.L vs. 8PSG.DE — Risk / Return Rank
SSLV.L
8PSG.DE
SSLV.L vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and Invesco Physical Gold ETC (8PSG.DE). 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.
| SSLV.L | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.88 | +0.06 |
| Martin ratioReturn relative to average drawdown | 4.33 | 4.79 | -0.46 |
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Drawdowns
SSLV.L vs. 8PSG.DE - Drawdown Comparison
The maximum SSLV.L drawdown since its inception was -76.61%, which is greater than 8PSG.DE's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for SSLV.L and 8PSG.DE.
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Drawdown Indicators
| SSLV.L | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.61% | -21.38% | -55.23% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -17.16% | -26.70% |
Max Drawdown (3Y)Largest decline over 3 years | -43.86% | -17.16% | -26.70% |
Max Drawdown (5Y)Largest decline over 5 years | -43.86% | -21.38% | -22.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | — | — |
Current DrawdownCurrent decline from peak | -40.62% | -15.62% | -25.00% |
Average DrawdownAverage peak-to-trough decline | -53.75% | -6.92% | -46.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.72% | 6.75% | +12.97% |
Volatility
SSLV.L vs. 8PSG.DE - Volatility Comparison
Invesco Physical Silver ETC (SSLV.L) has a higher volatility of 15.66% compared to Invesco Physical Gold ETC (8PSG.DE) at 5.66%. This indicates that SSLV.L's price experiences larger fluctuations and is considered to be riskier than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSLV.L | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.66% | 5.66% | +10.00% |
Volatility (6M)Calculated over the trailing 6-month period | 54.80% | 21.07% | +33.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.67% | 24.33% | +33.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 17.32% | +18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.03% | 17.49% | +13.54% |
SSLV.L vs. 8PSG.DE - Expense Ratio Comparison
SSLV.L has a 0.19% expense ratio, which is higher than 8PSG.DE's 0.12% 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
SSLV.L vs. 8PSG.DE - Dividend Comparison
Neither SSLV.L nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
SSLV.L and 8PSG.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for SSLV.L.
SSLV.L is categorized as Silver, while 8PSG.DE is Gold. SSLV.L tracks LBMA Silver Price, while 8PSG.DE tracks LBMA Gold Price PM. Their fees differ too: 0.19% for SSLV.L and 0.12% for 8PSG.DE.
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