SVR-C.TO vs. XSLE.DE
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both Silver funds - SVR-C.TO tracks the LBMA Silver Price while XSLE.DE tracks the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, SVR-C.TO returned 20.27%/yr vs 15.13%/yr for XSLE.DE. A 0.65 correlation means they provide meaningful diversification when combined. SVR-C.TO charges 0.66%/yr vs 0.73%/yr for XSLE.DE.
Performance
SVR-C.TO vs. XSLE.DE - Performance Comparison
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Different Trading Currencies
SVR-C.TO is traded in CAD, while XSLE.DE is traded in EUR. To make them comparable, the XSLE.DE 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 higher than XSLE.DE's -25.64% 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%
XSLE.DE
- 1D
- 0.00%
- 1M
- -23.46%
- YTD
- -25.64%
- 6M
- -25.64%
- 1Y
- 54.05%
- 3Y*
- 36.38%
- 5Y*
- 15.13%
- 10Y*
- —
SVR-C.TO vs. XSLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -14.35% | 132.91% | 30.61% | -2.65% | 9.69% | -13.03% | 53.53% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -25.64% | 167.43% | 23.32% | -4.19% | 0.47% | -22.22% | 71.92% |
Correlation
The correlation between SVR-C.TO and XSLE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.65 |
The correlation between SVR-C.TO and XSLE.DE shifts across timeframes, from 0.65 (5 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SVR-C.TO vs. XSLE.DE — Risk / Return Rank
SVR-C.TO
XSLE.DE
SVR-C.TO vs. XSLE.DE - 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 Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE). 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 | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.06 | +0.38 |
| Martin ratioReturn relative to average drawdown | 3.11 | 2.32 | +0.79 |
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Drawdowns
SVR-C.TO vs. XSLE.DE - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -53.26%, roughly equal to the maximum XSLE.DE drawdown of -52.12%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and XSLE.DE.
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Drawdown Indicators
| SVR-C.TO | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -52.12% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -48.86% | -50.51% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -50.51% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | -50.51% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -48.86% | — | — |
Current DrawdownCurrent decline from peak | -47.01% | -50.51% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -28.94% | -22.42% | -6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.60% | 23.20% | -0.60% |
Volatility
SVR-C.TO vs. XSLE.DE - Volatility Comparison
iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) have volatilities of 15.32% and 15.70%, 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
| SVR-C.TO | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 15.70% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 56.48% | 56.00% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.58% | 59.46% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 38.31% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.73% | 38.21% | -6.48% |
SVR-C.TO vs. XSLE.DE - Expense Ratio Comparison
SVR-C.TO has a 0.66% expense ratio, which is lower than XSLE.DE's 0.73% expense ratio.
Dividends
SVR-C.TO vs. XSLE.DE - Dividend Comparison
Neither SVR-C.TO nor XSLE.DE has paid dividends to shareholders.
Frequently Asked Questions
SVR-C.TO and XSLE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SVR-C.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SVR-C.TO is cheaper with a 0.66% expense ratio, compared with 0.73% for XSLE.DE.
SVR-C.TO tracks LBMA Silver Price, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.66% for SVR-C.TO and 0.73% for XSLE.DE.
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