TREG.L vs. SSLN.L
TREG.L (VanEck Global Real Estate UCITS ETF) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - TREG.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, TREG.L returned 3.19%/yr vs 22.87%/yr for SSLN.L. At a 0.10 correlation, their price movements are largely independent. TREG.L charges 0.25%/yr vs 0.20%/yr for SSLN.L.
Performance
TREG.L vs. SSLN.L - Performance Comparison
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Different Trading Currencies
TREG.L is traded in GBP, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, TREG.L achieves a 2.95% return, which is significantly higher than SSLN.L's 2.69% return.
TREG.L
- 1D
- -0.38%
- 1M
- -3.10%
- YTD
- 2.95%
- 6M
- 1.90%
- 1Y
- 10.15%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- —
SSLN.L
- 1D
- -3.04%
- 1M
- -2.09%
- YTD
- 2.69%
- 6M
- 23.96%
- 1Y
- 113.86%
- 3Y*
- 41.85%
- 5Y*
- 22.87%
- 10Y*
- 16.77%
TREG.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TREG.L VanEck Global Real Estate UCITS ETF | 2.95% | 6.62% | 2.78% | 7.64% | -16.77% | 31.33% | -10.04% | 10.49% |
SSLN.L iShares Physical Silver ETC | 2.69% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 40.73% | 14.29% |
Correlation
The correlation between TREG.L and SSLN.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.10 |
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Return for Risk
TREG.L vs. SSLN.L — Risk / Return Rank
TREG.L
SSLN.L
TREG.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TREG.L) and iShares Physical Silver ETC (SSLN.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.
| TREG.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.92 | -1.85 |
| Martin ratioReturn relative to average drawdown | 3.50 | 6.46 | -2.96 |
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
| TREG.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.08 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.69 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.17 | +0.06 |
Drawdowns
TREG.L vs. SSLN.L - Drawdown Comparison
The maximum TREG.L drawdown since its inception was -35.66%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for TREG.L and SSLN.L.
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Drawdown Indicators
| TREG.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.66% | -69.95% | +34.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -38.72% | +29.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.30% | -38.72% | +23.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -38.72% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.72% | — |
Current DrawdownCurrent decline from peak | -6.88% | -33.93% | +27.05% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -45.32% | +34.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 17.56% | -14.67% |
Volatility
TREG.L vs. SSLN.L - Volatility Comparison
The current volatility for VanEck Global Real Estate UCITS ETF (TREG.L) is 3.46%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.55%. This indicates that TREG.L experiences smaller price fluctuations and is considered to be less risky than SSLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TREG.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 16.55% | -13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 52.03% | -42.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 54.53% | -43.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 33.31% | -18.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 29.70% | -12.73% |
TREG.L vs. SSLN.L - Expense Ratio Comparison
TREG.L has a 0.25% expense ratio, which is higher than SSLN.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TREG.L vs. SSLN.L - Dividend Comparison
TREG.L's dividend yield for the trailing twelve months is around 3.43%, while SSLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.43% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% |
Frequently Asked Questions
TREG.L and SSLN.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.25% for TREG.L.
TREG.L is categorized as REIT, while SSLN.L is Silver. TREG.L tracks FTSE EPRA Nareit Global TR USD, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TREG.L and 0.20% for SSLN.L.
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