SSLV.L vs. SLVR.L
SSLV.L (Invesco Physical Silver ETC) and SLVR.L (WisdomTree Silver) are both Silver funds - SSLV.L tracks the LBMA Silver Price while SLVR.L tracks the Bloomberg Silver Subindex. Both are passively managed. Over the past 10 years, SSLV.L returned 15.85%/yr vs 13.50%/yr for SLVR.L. Their correlation of 0.91 suggests significant overlap in exposure. SSLV.L charges 0.19%/yr vs 0.49%/yr for SLVR.L.
Performance
SSLV.L vs. SLVR.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 SLVR.L's 3.62% return. Over the past 10 years, SSLV.L has outperformed SLVR.L with an annualized return of 15.85%, while SLVR.L has yielded a comparatively lower 13.50% annualized 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%
SLVR.L
- 1D
- 0.43%
- 1M
- -0.02%
- YTD
- 3.62%
- 6M
- 28.48%
- 1Y
- 109.37%
- 3Y*
- 43.40%
- 5Y*
- 19.20%
- 10Y*
- 13.50%
SSLV.L vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLV.L Invesco Physical Silver ETC | 2.90% | 147.68% | 21.10% | -0.93% | 3.59% | -12.95% | 45.93% | 16.33% | -8.71% | 3.69% |
SLVR.L WisdomTree Silver | 3.62% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | 1.46% |
Correlation
The correlation between SSLV.L and SLVR.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | 0.91 |
The correlation between SSLV.L and SLVR.L has been stable across timeframes, ranging from 0.91 to 0.99 - a consistent structural relationship.
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Return for Risk
SSLV.L vs. SLVR.L — Risk / Return Rank
SSLV.L
SLVR.L
SSLV.L vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and WisdomTree Silver (SLVR.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 | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.67 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.08 | 5.81 | +0.27 |
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 | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.85 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.52 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.42 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.22 | -0.11 |
Drawdowns
SSLV.L vs. SLVR.L - Drawdown Comparison
The maximum SSLV.L drawdown since its inception was -74.62%, smaller than the maximum SLVR.L drawdown of -79.93%. Use the drawdown chart below to compare losses from any high point for SSLV.L and SLVR.L.
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Drawdown Indicators
| SSLV.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -79.93% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -40.74% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -40.61% | -40.74% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -40.74% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -46.90% | +4.16% |
Current DrawdownCurrent decline from peak | -35.24% | -35.42% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -52.25% | -49.43% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.65% | 18.74% | -0.09% |
Volatility
SSLV.L vs. SLVR.L - Volatility Comparison
Invesco Physical Silver ETC (SSLV.L) and WisdomTree Silver (SLVR.L) have volatilities of 17.44% and 17.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSLV.L | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.44% | 17.68% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 54.09% | 56.07% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 58.81% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.50% | 36.80% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 31.95% | -1.06% |
SSLV.L vs. SLVR.L - Expense Ratio Comparison
SSLV.L has a 0.19% expense ratio, which is lower than SLVR.L's 0.49% expense ratio.
Dividends
SSLV.L vs. SLVR.L - Dividend Comparison
Neither SSLV.L nor SLVR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, SSLV.L and SLVR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.49% for SLVR.L.
SSLV.L tracks LBMA Silver Price, while SLVR.L tracks Bloomberg Silver Subindex. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for SSLV.L and 0.49% for SLVR.L.
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