SSLV.L vs. FWRG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Physical Silver ETC (SSLV.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L).

SSLV.L and FWRG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSLV.L is managed by Invesco. It was launched on Apr 13, 2011. FWRG.L is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024.

Performance

SSLV.L vs. FWRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Physical Silver ETC (SSLV.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023
SSLV.L Invesco Physical Silver ETC	5.48%	147.68%	21.10%	5.05%
FWRG.L Invesco FTSE All-World UCITS ETF Acc	-0.40%	13.84%	20.11%	8.08%

Returns By Period

In the year-to-date period, SSLV.L achieves a 5.48% return, which is significantly higher than FWRG.L's -0.40% return.

SSLV.L

• 1D: 2.69%
• 1M: -13.68%
• YTD: 5.48%
• 6M: 59.57%
• 1Y: 123.12%
• 3Y*: 46.20%
• 5Y*: 24.75%
• 10Y*: 17.34%

FWRG.L

• 1D: 2.14%
• 1M: -3.63%
• YTD: -0.40%
• 6M: 3.32%
• 1Y: 18.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

SSLV.L has a 0.19% expense ratio, which is higher than FWRG.L's 0.15% 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%.

SSLV.L

Invesco Physical Silver ETC

FWRG.L

Invesco FTSE All-World UCITS ETF Acc

Return for Risk

SSLV.L vs. FWRG.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: 87
SSLV.L Sharpe Ratio Rank: 93
SSLV.L Sortino Ratio Rank: 87
SSLV.L Omega Ratio Rank: 91
SSLV.L Calmar Ratio Rank: 87
SSLV.L Martin Ratio Rank: 78

FWRG.L

FWRG.L Risk / Return Rank: 76
FWRG.L Sharpe Ratio Rank: 72
FWRG.L Sortino Ratio Rank: 71
FWRG.L Omega Ratio Rank: 71
FWRG.L Calmar Ratio Rank: 84
FWRG.L Martin Ratio Rank: 83

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. FWRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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	FWRG.L	Difference
Sharpe ratio Return per unit of total volatility	2.27	1.32	+0.95
Sortino ratio Return per unit of downside risk	2.50	1.84	+0.66
Omega ratio Gain probability vs. loss probability	1.40	1.27	+0.13
Calmar ratio Return relative to maximum drawdown	3.01	2.59	+0.42
Martin ratio Return relative to average drawdown	9.33	9.85	-0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SSLV.L Sharpe Ratio is 2.27, which is higher than the FWRG.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of SSLV.L and FWRG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SSLV.L	FWRG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	1.32	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	1.20	-1.08

Correlation

The correlation between SSLV.L and FWRG.L is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SSLV.L vs. FWRG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

SSLV.L vs. FWRG.L - Drawdown Comparison

The maximum SSLV.L drawdown since its inception was -74.62%, which is greater than FWRG.L's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for SSLV.L and FWRG.L.

Drawdown Indicators

	SSLV.L	FWRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-74.62%	-18.88%	-55.74%
Max Drawdown (1Y) Largest decline over 1 year	-40.61%	-10.04%	-30.57%
Max Drawdown (5Y) Largest decline over 5 years	-40.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.74%	—	—
Current Drawdown Current decline from peak	-33.62%	-4.18%	-29.44%
Average Drawdown Average peak-to-trough decline	-52.49%	-2.37%	-50.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.09%	1.87%	+11.22%

Volatility

SSLV.L vs. FWRG.L - Volatility Comparison

Invesco Physical Silver ETC (SSLV.L) has a higher volatility of 18.21% compared to Invesco FTSE All-World UCITS ETF Acc (FWRG.L) at 4.54%. This indicates that SSLV.L's price experiences larger fluctuations and is considered to be riskier than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSLV.L	FWRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.21%	4.54%	+13.67%
Volatility (6M) Calculated over the trailing 6-month period	51.88%	8.25%	+43.63%
Volatility (1Y) Calculated over the trailing 1-year period	53.89%	13.92%	+39.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.30%	12.48%	+21.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.24%	12.48%	+17.76%