WRNW.DE vs. SLVR.DE
WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - WRNW.DE is a Energy Equities fund tracking the WisdomTree Renewable Energy, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past year, WRNW.DE returned 107.60% vs 84.77% for SLVR.DE. At a 0.34 correlation, their price movements are largely independent. WRNW.DE charges 0.45%/yr vs 0.49%/yr for SLVR.DE.
Performance
WRNW.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WRNW.DE achieves a 30.17% return, which is significantly higher than SLVR.DE's 1.99% return.
WRNW.DE
- 1D
- -2.37%
- 1M
- 3.73%
- YTD
- 30.17%
- 6M
- 29.38%
- 1Y
- 107.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- -5.05%
- YTD
- 1.99%
- 6M
- 16.61%
- 1Y
- 84.77%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
WRNW.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | 2.59% |
Correlation
The correlation between WRNW.DE and SLVR.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.34 |
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Return for Risk
WRNW.DE vs. SLVR.DE — Risk / Return Rank
WRNW.DE
SLVR.DE
WRNW.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) and WisdomTree Silver (SLVR.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.
| WRNW.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.29 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 7.07 | 3.06 | +4.01 |
| Martin ratioReturn relative to average drawdown | 23.97 | 7.37 | +16.60 |
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
| WRNW.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 1.85 | +1.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.68 | -0.32 |
Drawdowns
WRNW.DE vs. SLVR.DE - Drawdown Comparison
The maximum WRNW.DE drawdown since its inception was -49.14%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for WRNW.DE and SLVR.DE.
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Drawdown Indicators
| WRNW.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.14% | -31.33% | -17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.04% | -30.51% | +15.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.51% | — |
Current DrawdownCurrent decline from peak | -4.04% | -24.02% | +19.98% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -12.66% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 12.69% | -8.25% |
Volatility
WRNW.DE vs. SLVR.DE - Volatility Comparison
The current volatility for WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) is 10.28%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that WRNW.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRNW.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.28% | 17.06% | -6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 19.33% | 41.25% | -21.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.01% | 50.34% | -20.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 38.29% | -12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.02% | 38.29% | -12.27% |
WRNW.DE vs. SLVR.DE - Expense Ratio Comparison
WRNW.DE has a 0.45% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
WRNW.DE vs. SLVR.DE - Dividend Comparison
Neither WRNW.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
WRNW.DE and SLVR.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRNW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRNW.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for SLVR.DE.
WRNW.DE is categorized as Energy Equities, while SLVR.DE is Silver. WRNW.DE tracks WisdomTree Renewable Energy, while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.45% for WRNW.DE and 0.49% for SLVR.DE.
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