SSLV.L vs. GBSP.L
Compare and contrast key facts about Invesco Physical Silver ETC (SSLV.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L).
SSLV.L and GBSP.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. GBSP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold (GBP Hedged). It was launched on Mar 18, 2013.
Performance
SSLV.L vs. GBSP.L - Performance Comparison
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SSLV.L vs. GBSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLV.L Invesco Physical Silver ETC | 0.79% | 147.68% | 21.10% | -0.93% | 3.59% | -12.95% | 45.93% | 16.33% | -8.71% | 3.69% |
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 6.17% | 75.62% | 22.93% | 17.64% | -12.23% | -5.78% | 25.57% | 19.16% | -9.95% | 18.76% |
Different Trading Currencies
SSLV.L is traded in USD, while GBSP.L is traded in GBp. To make them comparable, the GBSP.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 0.79% return, which is significantly lower than GBSP.L's 6.17% return. Over the past 10 years, SSLV.L has outperformed GBSP.L with an annualized return of 16.69%, while GBSP.L has yielded a comparatively lower 11.24% annualized return.
SSLV.L
- 1D
- -4.44%
- 1M
- -13.31%
- YTD
- 0.79%
- 6M
- 56.36%
- 1Y
- 112.21%
- 3Y*
- 44.02%
- 5Y*
- 23.62%
- 10Y*
- 16.69%
GBSP.L
- 1D
- -2.70%
- 1M
- -9.56%
- YTD
- 6.17%
- 6M
- 19.19%
- 1Y
- 50.13%
- 3Y*
- 34.22%
- 5Y*
- 19.34%
- 10Y*
- 11.24%
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SSLV.L vs. GBSP.L - Expense Ratio Comparison
SSLV.L has a 0.19% expense ratio, which is lower than GBSP.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SSLV.L vs. GBSP.L — Risk / Return Rank
SSLV.L
GBSP.L
SSLV.L vs. GBSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.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 | GBSP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 1.69 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.18 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.48 | +0.61 |
Martin ratioReturn relative to average drawdown | 9.46 | 8.77 | +0.68 |
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 | GBSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.69 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.91 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.57 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.27 | -0.16 |
Correlation
The correlation between SSLV.L and GBSP.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SSLV.L vs. GBSP.L - Dividend Comparison
Neither SSLV.L nor GBSP.L has paid dividends to shareholders.
Drawdowns
SSLV.L vs. GBSP.L - Drawdown Comparison
The maximum SSLV.L drawdown since its inception was -74.62%, which is greater than GBSP.L's maximum drawdown of -46.33%. Use the drawdown chart below to compare losses from any high point for SSLV.L and GBSP.L.
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Drawdown Indicators
| SSLV.L | GBSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -37.30% | -37.32% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -17.53% | -23.08% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -22.05% | -18.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -22.99% | -19.75% |
Current DrawdownCurrent decline from peak | -36.57% | -12.08% | -24.49% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -17.58% | -34.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | 4.68% | +8.59% |
Volatility
SSLV.L vs. GBSP.L - Volatility Comparison
Invesco Physical Silver ETC (SSLV.L) has a higher volatility of 18.62% compared to WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) at 11.50%. This indicates that SSLV.L's price experiences larger fluctuations and is considered to be riskier than GBSP.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 | GBSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.62% | 11.50% | +7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 51.93% | 23.72% | +28.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 29.52% | +24.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.35% | 21.26% | +13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.27% | 19.74% | +10.53% |