SSLV.L vs. EPRA.L

Last updated Jul 18, 2026

SSLV.L (Invesco Physical Silver ETC) and EPRA.L (Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR) are both exchange-traded funds - SSLV.L is a Silver fund tracking the LBMA Silver Price, while EPRA.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 5 years, SSLV.L returned 16.56%/yr vs 1.68%/yr for EPRA.L. At a 0.18 correlation, their price movements are largely independent. SSLV.L charges 0.19%/yr vs 0.10%/yr for EPRA.L.

Performance

SSLV.L vs. EPRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Physical Silver ETC (SSLV.L) and Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SSLV.L is traded in USD, while EPRA.L is traded in GBp. To make them comparable, the EPRA.L 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 -22.03% return, which is significantly lower than EPRA.L's 12.93% return.

SSLV.L

• 1D: -1.11%
• 1M: -20.86%
• 6M: -37.11%
• YTD: -22.03%
• 1Y: 46.69%
• 3Y*: 30.31%
• 5Y*: 16.56%
• 10Y*: 10.55%

EPRA.L

• 1D: 0.87%
• 1M: 4.76%
• 6M: 9.70%
• YTD: 12.93%
• 1Y: 17.93%
• 3Y*: 9.87%
• 5Y*: 1.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSLV.L vs. EPRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSLV.L Invesco Physical Silver ETC	-22.03%	147.68%	21.09%	-0.91%	3.59%	-12.95%	45.93%	16.31%	-8.53%	3.47%
EPRA.L Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR	12.93%	10.90%	-0.38%	9.91%	-25.00%	26.68%	-9.29%	22.00%	-6.19%	-5.56%

Correlation

The correlation between SSLV.L and EPRA.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 (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 11, 2016	0.18

Return for Risk

SSLV.L vs. EPRA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSLV.L

SSLV.L Risk / Return Rank: 27
SSLV.L Sharpe Ratio Rank: 27
SSLV.L Sortino Ratio Rank: 30
SSLV.L Omega Ratio Rank: 33
SSLV.L Calmar Ratio Rank: 24
SSLV.L Martin Ratio Rank: 22

EPRA.L

EPRA.L Risk / Return Rank: 57
EPRA.L Sharpe Ratio Rank: 62
EPRA.L Sortino Ratio Rank: 64
EPRA.L Omega Ratio Rank: 58
EPRA.L Calmar Ratio Rank: 49
EPRA.L Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSLV.L vs. EPRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.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.

	SSLV.L	EPRA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.52	-0.74
Sortino ratio: Return per unit of downside risk	1.32	2.21	-0.89
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	0.91	1.70	-0.79
Martin ratio: Return relative to average drawdown	1.90	6.18	-4.28

SSLV.L vs. EPRA.L - Sharpe Ratio Comparison

The current SSLV.L Sharpe Ratio is 0.78, which is lower than the EPRA.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SSLV.L and EPRA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSLV.L vs. EPRA.L - Drawdown Comparison

The maximum SSLV.L drawdown since its inception was -76.61%, which is greater than EPRA.L's maximum drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for SSLV.L and EPRA.L.

Drawdown Indicators

	SSLV.L	EPRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.61%	-42.78%	-33.83%
Max Drawdown (1Y) Largest decline over 1 year	-50.93%	-10.50%	-40.43%
Max Drawdown (3Y) Largest decline over 3 years	-50.93%	-18.35%	-32.58%
Max Drawdown (5Y) Largest decline over 5 years	-50.93%	-33.59%	-17.34%
Max Drawdown (10Y) Largest decline over 10 years	-50.93%	—	—
Current Drawdown Current decline from peak	-50.93%	0.00%	-50.93%
Average Drawdown Average peak-to-trough decline	-53.70%	-13.16%	-40.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.51%	2.89%	+21.62%

Volatility

SSLV.L vs. EPRA.L - Volatility Comparison

Invesco Physical Silver ETC (SSLV.L) has a higher volatility of 13.15% compared to Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L) at 2.92%. This indicates that SSLV.L's price experiences larger fluctuations and is considered to be riskier than EPRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSLV.L	EPRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	2.92%	+10.23%
Volatility (6M) Calculated over the trailing 6-month period	53.66%	9.39%	+44.27%
Volatility (1Y) Calculated over the trailing 1-year period	59.40%	11.72%	+47.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.29%	15.96%	+20.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.24%	17.44%	+13.80%

SSLV.L vs. EPRA.L - Expense Ratio Comparison

SSLV.L has a 0.19% expense ratio, which is higher than EPRA.L's 0.10% 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. EPRA.L - Dividend Comparison

Neither SSLV.L nor EPRA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SSLV.L and EPRA.L in my portfolio?

SSLV.L and EPRA.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.

Which ETF is better, SSLV.L or EPRA.L?

On fees, EPRA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSLV.L or EPRA.L?

EPRA.L is cheaper with a 0.10% expense ratio, compared with 0.19% for SSLV.L.

What is the main difference between SSLV.L and EPRA.L?

SSLV.L is categorized as Silver, while EPRA.L is REIT. SSLV.L tracks LBMA Silver Price, while EPRA.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for SSLV.L and 0.10% for EPRA.L.