VZLE.DE vs. 8PSB.DE
VZLE.DE (WisdomTree Physical Precious Metals) and 8PSB.DE (Invesco Physical Silver ETC) are both exchange-traded funds - VZLE.DE is a Precious Metals fund tracking the LBMA & LPPM Precious Metals Price PM - Benchmark Price Return, while 8PSB.DE is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, VZLE.DE returned 25.15%/yr vs 46.06%/yr for 8PSB.DE. A 0.73 correlation means they provide meaningful diversification when combined. VZLE.DE charges 0.44%/yr vs 0.19%/yr for 8PSB.DE.
Performance
VZLE.DE vs. 8PSB.DE - Performance Comparison
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Different Trading Currencies
VZLE.DE is traded in USD, while 8PSB.DE is traded in EUR. To make them comparable, the 8PSB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VZLE.DE achieves a -2.23% return, which is significantly higher than 8PSB.DE's -3.50% return.
VZLE.DE
- 1D
- -0.30%
- 1M
- -1.92%
- YTD
- -2.23%
- 6M
- 10.61%
- 1Y
- 48.36%
- 3Y*
- 25.15%
- 5Y*
- 12.60%
- 10Y*
- 12.45%
8PSB.DE
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- -3.50%
- 6M
- 29.17%
- 1Y
- 114.10%
- 3Y*
- 46.06%
- 5Y*
- —
- 10Y*
- —
VZLE.DE vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VZLE.DE WisdomTree Physical Precious Metals | -2.23% | 70.41% | 23.37% | -6.62% | 4.80% | -5.61% |
8PSB.DE Invesco Physical Silver ETC | -3.50% | 159.94% | 23.36% | -1.16% | 4.54% | -12.36% |
Correlation
The correlation between VZLE.DE and 8PSB.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.73 |
The correlation between VZLE.DE and 8PSB.DE shifts across timeframes, from 0.73 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VZLE.DE vs. 8PSB.DE — Risk / Return Rank
VZLE.DE
8PSB.DE
VZLE.DE vs. 8PSB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (VZLE.DE) and Invesco Physical Silver ETC (8PSB.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.
| VZLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.78 | -0.84 |
| Martin ratioReturn relative to average drawdown | 4.52 | 5.99 | -1.47 |
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
| VZLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.91 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.63 | -0.19 |
Drawdowns
VZLE.DE vs. 8PSB.DE - Drawdown Comparison
The maximum VZLE.DE drawdown since its inception was -39.25%, roughly equal to the maximum 8PSB.DE drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for VZLE.DE and 8PSB.DE.
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Drawdown Indicators
| VZLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.25% | -40.79% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -24.73% | -40.79% | +16.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -40.79% | +16.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.42% | — | — |
Current DrawdownCurrent decline from peak | -22.89% | -35.41% | +12.52% |
Average DrawdownAverage peak-to-trough decline | -17.35% | -12.42% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.67% | 18.99% | -8.32% |
Volatility
VZLE.DE vs. 8PSB.DE - Volatility Comparison
The current volatility for WisdomTree Physical Precious Metals (VZLE.DE) is 7.10%, while Invesco Physical Silver ETC (8PSB.DE) has a volatility of 16.80%. This indicates that VZLE.DE experiences smaller price fluctuations and is considered to be less risky than 8PSB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VZLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 16.80% | -9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 29.30% | 53.33% | -24.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.04% | 59.44% | -27.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 36.17% | -13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 36.17% | -16.66% |
VZLE.DE vs. 8PSB.DE - Expense Ratio Comparison
VZLE.DE has a 0.44% expense ratio, which is higher than 8PSB.DE's 0.19% expense ratio.
Dividends
VZLE.DE vs. 8PSB.DE - Dividend Comparison
Neither VZLE.DE nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
VZLE.DE and 8PSB.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.44% for VZLE.DE.
VZLE.DE is categorized as Precious Metals, while 8PSB.DE is Silver. VZLE.DE tracks LBMA & LPPM Precious Metals Price PM - Benchmark Price Return, while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.44% for VZLE.DE and 0.19% for 8PSB.DE.
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