SSLV.L vs. COPM.AS
SSLV.L (Invesco Physical Silver ETC) and COPM.AS (iShares Copper Miners UCITS ETF) are both exchange-traded funds - SSLV.L is a Silver fund tracking the LBMA Silver Price, while COPM.AS is a Commodity Producers Equities fund tracking the STOXX Global Copper Miners Index. Both are passively managed. Over the past year, SSLV.L returned 86.40% vs 101.70% for COPM.AS. A 0.60 correlation means they provide meaningful diversification when combined. SSLV.L charges 0.19%/yr vs 0.55%/yr for COPM.AS.
Performance
SSLV.L vs. COPM.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SSLV.L achieves a -5.65% return, which is significantly lower than COPM.AS's 25.99% 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%
COPM.AS
- 1D
- -1.41%
- 1M
- -1.51%
- YTD
- 25.99%
- 6M
- 34.97%
- 1Y
- 101.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSLV.L vs. COPM.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SSLV.L Invesco Physical Silver ETC | -5.65% | 147.68% | 21.09% | 6.26% |
COPM.AS iShares Copper Miners UCITS ETF | 25.99% | 82.17% | 0.45% | 4.44% |
Correlation
The correlation between SSLV.L and COPM.AS is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.60 |
The correlation between SSLV.L and COPM.AS shifts across timeframes, from 0.60 (all time) to 0.73 (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
SSLV.L vs. COPM.AS — Risk / Return Rank
SSLV.L
COPM.AS
SSLV.L vs. COPM.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and iShares Copper Miners UCITS ETF (COPM.AS). 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 | COPM.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 4.09 | -2.15 |
| Martin ratioReturn relative to average drawdown | 4.33 | 14.72 | -10.39 |
Loading charts...
Drawdowns
SSLV.L vs. COPM.AS - Drawdown Comparison
The maximum SSLV.L drawdown since its inception was -76.61%, which is greater than COPM.AS's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for SSLV.L and COPM.AS.
Loading charts...
Drawdown Indicators
| SSLV.L | COPM.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.61% | -37.12% | -39.49% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -25.05% | -18.81% |
Max Drawdown (3Y)Largest decline over 3 years | -43.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | — | — |
Current DrawdownCurrent decline from peak | -40.62% | -3.81% | -36.81% |
Average DrawdownAverage peak-to-trough decline | -53.75% | -11.53% | -42.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.72% | 6.98% | +12.74% |
Volatility
SSLV.L vs. COPM.AS - Volatility Comparison
Invesco Physical Silver ETC (SSLV.L) has a higher volatility of 15.66% compared to iShares Copper Miners UCITS ETF (COPM.AS) at 13.86%. This indicates that SSLV.L's price experiences larger fluctuations and is considered to be riskier than COPM.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSLV.L | COPM.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.66% | 13.86% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 54.80% | 31.88% | +22.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.67% | 37.25% | +20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 34.30% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.03% | 34.30% | -3.27% |
SSLV.L vs. COPM.AS - Expense Ratio Comparison
SSLV.L has a 0.19% expense ratio, which is lower than COPM.AS's 0.55% expense ratio.
Dividends
SSLV.L vs. COPM.AS - Dividend Comparison
Neither SSLV.L nor COPM.AS has paid dividends to shareholders.
Frequently Asked Questions
SSLV.L and COPM.AS have a correlation of 0.73, 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 0.55% for COPM.AS.
SSLV.L is categorized as Silver, while COPM.AS is Commodity Producers Equities. SSLV.L tracks LBMA Silver Price, while COPM.AS tracks STOXX Global Copper Miners Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for SSLV.L and 0.55% for COPM.AS.
Find the right allocation for SSLV.L and COPM.AS
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