SSLV.L vs. SPGP.L
Compare and contrast key facts about Invesco Physical Silver ETC (SSLV.L) and iShares Gold Producers UCITS ETF (SPGP.L).
SSLV.L and SPGP.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. SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011.
Performance
SSLV.L vs. SPGP.L - Performance Comparison
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SSLV.L vs. SPGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLV.L Invesco Physical Silver ETC | 5.48% | 147.68% | 21.10% | -0.93% | 3.59% | -12.95% | 45.93% | 16.33% | -8.71% | 3.69% |
SPGP.L iShares Gold Producers UCITS ETF | 13.86% | 155.33% | 10.93% | 9.19% | -11.09% | -9.98% | 23.09% | 46.66% | -9.78% | 6.45% |
Different Trading Currencies
SSLV.L is traded in USD, while SPGP.L is traded in GBp. To make them comparable, the SPGP.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 5.48% return, which is significantly lower than SPGP.L's 13.86% return. Over the past 10 years, SSLV.L has underperformed SPGP.L with an annualized return of 17.34%, while SPGP.L has yielded a comparatively higher 18.32% annualized 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%
SPGP.L
- 1D
- 7.82%
- 1M
- -13.88%
- YTD
- 13.86%
- 6M
- 26.20%
- 1Y
- 111.65%
- 3Y*
- 46.68%
- 5Y*
- 25.25%
- 10Y*
- 18.32%
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SSLV.L vs. SPGP.L - Expense Ratio Comparison
SSLV.L has a 0.19% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Return for Risk
SSLV.L vs. SPGP.L — Risk / Return Rank
SSLV.L
SPGP.L
SSLV.L vs. SPGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Silver ETC (SSLV.L) and iShares Gold Producers UCITS ETF (SPGP.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 | SPGP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 2.56 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.50 | 2.82 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.91 | -0.91 |
Martin ratioReturn relative to average drawdown | 9.33 | 13.67 | -4.34 |
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 | SPGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.56 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.74 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.11 | +0.01 |
Correlation
The correlation between SSLV.L and SPGP.L is 0.68, 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. SPGP.L - Dividend Comparison
Neither SSLV.L nor SPGP.L has paid dividends to shareholders.
Drawdowns
SSLV.L vs. SPGP.L - Drawdown Comparison
The maximum SSLV.L drawdown since its inception was -74.62%, smaller than the maximum SPGP.L drawdown of -79.86%. Use the drawdown chart below to compare losses from any high point for SSLV.L and SPGP.L.
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Drawdown Indicators
| SSLV.L | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -79.54% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -27.66% | -12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -34.81% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -43.71% | +0.97% |
Current DrawdownCurrent decline from peak | -33.62% | -13.76% | -19.86% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -42.57% | -9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.09% | 7.63% | +5.46% |
Volatility
SSLV.L vs. SPGP.L - Volatility Comparison
Invesco Physical Silver ETC (SSLV.L) and iShares Gold Producers UCITS ETF (SPGP.L) have volatilities of 18.21% and 17.71%, 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 | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.21% | 17.71% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 51.88% | 35.15% | +16.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.89% | 43.42% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.30% | 33.99% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 34.16% | -3.92% |