SVR-C.TO vs. NRJL.L
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) are both exchange-traded funds - SVR-C.TO is a Silver fund tracking the LBMA Silver Price, while NRJL.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 10 years, SVR-C.TO returned 12.54%/yr vs 10.79%/yr for NRJL.L. At a 0.10 correlation, their price movements are largely independent. SVR-C.TO charges 0.66%/yr vs 0.60%/yr for NRJL.L.
Performance
SVR-C.TO vs. NRJL.L - Performance Comparison
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Different Trading Currencies
SVR-C.TO is traded in CAD, while NRJL.L is traded in GBP. To make them comparable, the NRJL.L values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SVR-C.TO achieves a -14.35% return, which is significantly lower than NRJL.L's 41.34% return. Over the past 10 years, SVR-C.TO has outperformed NRJL.L with an annualized return of 12.54%, while NRJL.L has yielded a comparatively lower 10.79% annualized return.
SVR-C.TO
- 1D
- 1.87%
- 1M
- -19.40%
- YTD
- -14.35%
- 6M
- -19.83%
- 1Y
- 70.15%
- 3Y*
- 39.87%
- 5Y*
- 20.27%
- 10Y*
- 12.54%
NRJL.L
- 1D
- 2.23%
- 1M
- 1.27%
- YTD
- 41.34%
- 6M
- 40.48%
- 1Y
- 79.33%
- 3Y*
- 15.39%
- 5Y*
- 4.95%
- 10Y*
- 10.79%
SVR-C.TO vs. NRJL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -14.35% | 132.91% | 30.61% | -2.65% | 9.69% | -13.03% | 43.88% | 9.28% | -2.35% | -2.30% |
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 41.34% | 39.04% | -5.67% | -20.73% | -13.33% | -6.31% | 33.92% | 46.91% | -5.66% | 17.59% |
Correlation
The correlation between SVR-C.TO and NRJL.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012 | 0.10 |
Over the past year, SVR-C.TO and NRJL.L have become more correlated (0.36) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
SVR-C.TO vs. NRJL.L — Risk / Return Rank
SVR-C.TO
NRJL.L
SVR-C.TO vs. NRJL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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.
| SVR-C.TO | NRJL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.56 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 7.89 | -6.45 |
| Martin ratioReturn relative to average drawdown | 3.11 | 25.63 | -22.52 |
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Drawdowns
SVR-C.TO vs. NRJL.L - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -53.26%, roughly equal to the maximum NRJL.L drawdown of -55.22%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and NRJL.L.
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Drawdown Indicators
| SVR-C.TO | NRJL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -55.22% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -48.86% | -10.00% | -38.86% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -34.83% | -14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | -50.34% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -48.86% | -51.73% | +2.87% |
Current DrawdownCurrent decline from peak | -47.01% | -3.05% | -43.96% |
Average DrawdownAverage peak-to-trough decline | -28.94% | -25.13% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.60% | 3.08% | +19.52% |
Volatility
SVR-C.TO vs. NRJL.L - Volatility Comparison
iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) has a higher volatility of 15.32% compared to Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) at 10.07%. This indicates that SVR-C.TO's price experiences larger fluctuations and is considered to be riskier than NRJL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVR-C.TO | NRJL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 10.07% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 56.48% | 18.95% | +37.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.58% | 22.33% | +36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 24.44% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.73% | 24.16% | +7.57% |
SVR-C.TO vs. NRJL.L - Expense Ratio Comparison
SVR-C.TO has a 0.66% expense ratio, which is higher than NRJL.L's 0.60% expense ratio.
Dividends
SVR-C.TO vs. NRJL.L - Dividend Comparison
SVR-C.TO has not paid dividends to shareholders, while NRJL.L's dividend yield for the trailing twelve months is around 0.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 0.30% | 0.42% | 0.73% | 0.77% | 0.24% | 0.32% | 0.70% | 1.02% | 0.59% | 0.79% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVR-C.TO and NRJL.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NRJL.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NRJL.L is cheaper with a 0.60% expense ratio, compared with 0.66% for SVR-C.TO.
SVR-C.TO is categorized as Silver, while NRJL.L is Energy Equities. SVR-C.TO tracks LBMA Silver Price, while NRJL.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.66% for SVR-C.TO and 0.60% for NRJL.L.
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