SSLV.L vs. AVSG.L
SSLV.L (Invesco Physical Silver ETC) and AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - SSLV.L is a Silver fund tracking the LBMA Silver Price, while AVSG.L is a Small Cap Value Equities fund actively managed by Avantis. SSLV.L is passively managed, while AVSG.L is actively managed. Over the past year, SSLV.L returned 113.89% vs 38.58% for AVSG.L. At a 0.18 correlation, their price movements are largely independent. SSLV.L charges 0.19%/yr vs 0.39%/yr for AVSG.L.
Performance
SSLV.L vs. AVSG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SSLV.L achieves a 2.90% return, which is significantly lower than AVSG.L's 17.60% return.
SSLV.L
- 1D
- 0.44%
- 1M
- 0.09%
- YTD
- 2.90%
- 6M
- 29.12%
- 1Y
- 113.89%
- 3Y*
- 45.99%
- 5Y*
- 21.31%
- 10Y*
- 15.85%
AVSG.L
- 1D
- 0.38%
- 1M
- 2.33%
- YTD
- 17.60%
- 6M
- 18.13%
- 1Y
- 38.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSLV.L vs. AVSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SSLV.L Invesco Physical Silver ETC | 2.90% | 147.68% | -8.16% |
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 17.60% | 12.18% | -4.47% |
Correlation
The correlation between SSLV.L and AVSG.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.18 |
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Return for Risk
SSLV.L vs. AVSG.L — Risk / Return Rank
SSLV.L
AVSG.L
SSLV.L vs. AVSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.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.
| SSLV.L | AVSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.53 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 5.57 | -2.78 |
| Martin ratioReturn relative to average drawdown | 6.08 | 21.27 | -15.18 |
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
| SSLV.L | AVSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.99 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.06 | -0.95 |
Drawdowns
SSLV.L vs. AVSG.L - Drawdown Comparison
The maximum SSLV.L drawdown since its inception was -74.62%, which is greater than AVSG.L's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for SSLV.L and AVSG.L.
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Drawdown Indicators
| SSLV.L | AVSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -21.38% | -53.24% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -6.90% | -33.71% |
Max Drawdown (3Y)Largest decline over 3 years | -40.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | — | — |
Current DrawdownCurrent decline from peak | -35.24% | -0.55% | -34.69% |
Average DrawdownAverage peak-to-trough decline | -52.25% | -4.00% | -48.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.65% | 1.81% | +16.84% |
Volatility
SSLV.L vs. AVSG.L - Volatility Comparison
Invesco Physical Silver ETC (SSLV.L) has a higher volatility of 17.44% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) at 3.39%. This indicates that SSLV.L's price experiences larger fluctuations and is considered to be riskier than AVSG.L 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 | AVSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.44% | 3.39% | +14.05% |
Volatility (6M)Calculated over the trailing 6-month period | 54.09% | 9.04% | +45.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 12.87% | +43.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.50% | 15.87% | +19.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 15.87% | +15.02% |
SSLV.L vs. AVSG.L - Expense Ratio Comparison
SSLV.L has a 0.19% expense ratio, which is lower than AVSG.L's 0.39% expense ratio.
Dividends
SSLV.L vs. AVSG.L - Dividend Comparison
Neither SSLV.L nor AVSG.L has paid dividends to shareholders.
Frequently Asked Questions
SSLV.L and AVSG.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLV.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLV.L is cheaper with a 0.19% expense ratio, compared with 0.39% for AVSG.L.
SSLV.L is categorized as Silver, while AVSG.L is Small Cap Value Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.19% for SSLV.L and 0.39% for AVSG.L.
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