VEUA.L vs. SSLN.L
VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - VEUA.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, VEUA.L returned 10.11%/yr vs 22.99%/yr for SSLN.L. At a 0.19 correlation, their price movements are largely independent. VEUA.L charges 0.10%/yr vs 0.20%/yr for SSLN.L.
Performance
VEUA.L vs. SSLN.L - Performance Comparison
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Different Trading Currencies
VEUA.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, VEUA.L achieves a 6.65% return, which is significantly higher than SSLN.L's 3.18% return.
VEUA.L
- 1D
- 0.78%
- 1M
- 3.51%
- YTD
- 6.65%
- 6M
- 9.00%
- 1Y
- 19.55%
- 3Y*
- 14.21%
- 5Y*
- 10.11%
- 10Y*
- —
SSLN.L
- 1D
- 0.48%
- 1M
- 1.18%
- YTD
- 3.18%
- 6M
- 28.32%
- 1Y
- 115.93%
- 3Y*
- 42.31%
- 5Y*
- 22.99%
- 10Y*
- 16.71%
VEUA.L vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 6.65% | 26.07% | 4.49% | 13.45% | -4.21% | 16.83% | 3.08% | 1.97% |
SSLN.L iShares Physical Silver ETC | 3.18% | 130.26% | 23.21% | -6.20% | 15.75% | -11.64% | 40.73% | 3.42% |
Correlation
The correlation between VEUA.L and SSLN.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.19 |
The correlation between VEUA.L and SSLN.L shifts across timeframes, from 0.19 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VEUA.L vs. SSLN.L — Risk / Return Rank
VEUA.L
SSLN.L
VEUA.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.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.
| VEUA.L | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.98 | -1.14 |
| Martin ratioReturn relative to average drawdown | 6.57 | 6.53 | +0.04 |
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
| VEUA.L | SSLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.11 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.70 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.17 | +0.44 |
Drawdowns
VEUA.L vs. SSLN.L - Drawdown Comparison
The maximum VEUA.L drawdown since its inception was -28.45%, smaller than the maximum SSLN.L drawdown of -69.95%. Use the drawdown chart below to compare losses from any high point for VEUA.L and SSLN.L.
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Drawdown Indicators
| VEUA.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -69.95% | +41.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -38.72% | +28.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -38.72% | +26.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -38.72% | +22.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.72% | — |
Current DrawdownCurrent decline from peak | -1.34% | -33.62% | +32.28% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -45.32% | +41.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 17.69% | -14.72% |
Volatility
VEUA.L vs. SSLN.L - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) is 4.10%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 16.31%. This indicates that VEUA.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
| VEUA.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 16.31% | -12.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 51.81% | -41.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 54.53% | -42.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 33.31% | -19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 29.69% | -13.86% |
VEUA.L vs. SSLN.L - Expense Ratio Comparison
VEUA.L has a 0.10% expense ratio, which is lower than SSLN.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VEUA.L vs. SSLN.L - Dividend Comparison
Neither VEUA.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
VEUA.L and SSLN.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUA.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SSLN.L.
VEUA.L is categorized as Europe Equities, while SSLN.L is Silver. VEUA.L tracks MSCI Europe NR EUR, while SSLN.L tracks LBMA Silver Price. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUA.L and 0.20% for SSLN.L.
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