WGLD.DE vs. SLVO
WGLD.DE (WisdomTree Core Physical Gold) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both exchange-traded funds - WGLD.DE is a Precious Metals fund tracking the Gold, while SLVO is a Silver fund tracking the Credit Suisse NASDAQ Silver FLOWS 106 Index. Both are passively managed. Over the past year, WGLD.DE returned 30.17% vs 61.23% for SLVO. A 0.51 correlation means they provide meaningful diversification when combined. WGLD.DE charges 0.12%/yr vs 0.65%/yr for SLVO.
Performance
WGLD.DE vs. SLVO - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while SLVO is traded in USD. To make them comparable, the SLVO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly lower than SLVO's 15.66% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
SLVO
- 1D
- 0.63%
- 1M
- 5.65%
- YTD
- 15.66%
- 6M
- 19.34%
- 1Y
- 61.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WGLD.DE vs. SLVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 16.49% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | 15.66% | 50.88% | 6.60% |
Correlation
The correlation between WGLD.DE and SLVO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.51 |
The correlation between WGLD.DE and SLVO has been stable across timeframes, ranging from 0.51 to 0.52 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. SLVO — Risk / Return Rank
WGLD.DE
SLVO
WGLD.DE vs. SLVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and UBS ETRACS Silver Shares Covered Call ETN (SLVO). 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.
| WGLD.DE | SLVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.68 | -1.87 |
| Martin ratioReturn relative to average drawdown | 4.60 | 14.62 | -10.02 |
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
| WGLD.DE | SLVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.16 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.50 | -0.22 |
Drawdowns
WGLD.DE vs. SLVO - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, roughly equal to the maximum SLVO drawdown of -16.71%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and SLVO.
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Drawdown Indicators
| WGLD.DE | SLVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -16.71% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -16.71% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | — | — |
Current DrawdownCurrent decline from peak | -14.99% | -2.11% | -12.88% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -3.35% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 4.20% | +2.34% |
Volatility
WGLD.DE vs. SLVO - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while UBS ETRACS Silver Shares Covered Call ETN (SLVO) has a volatility of 5.60%. This indicates that WGLD.DE experiences smaller price fluctuations and is considered to be less risky than SLVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGLD.DE | SLVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.60% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 26.10% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 28.54% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 24.45% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 24.45% | -8.57% |
WGLD.DE vs. SLVO - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than SLVO's 0.65% expense ratio.
Dividends
WGLD.DE vs. SLVO - Dividend Comparison
WGLD.DE has not paid dividends to shareholders, while SLVO's dividend yield for the trailing twelve months is around 46.09%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SLVO UBS ETRACS Silver Shares Covered Call ETN | 46.09% | 19.35% | 14.45% |
WGLD.DE WisdomTree Core Physical Gold | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WGLD.DE and SLVO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for SLVO.
WGLD.DE is categorized as Precious Metals, while SLVO is Silver. WGLD.DE tracks Gold, while SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index. They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.12% for WGLD.DE and 0.65% for SLVO.
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