WSLV.DE vs. BNQL.DE
WSLV.DE (WisdomTree Core Physical Silver ETC) and BNQL.DE (BNP Paribas Palladium ETC) are both exchange-traded funds - WSLV.DE is a Silver fund tracking the LBMA Silver Price, while BNQL.DE is a Precious Metals fund tracking the Palladium Spot Price. Both are passively managed. Over the past year, WSLV.DE returned 110.42% vs 31.28% for BNQL.DE. A 0.53 correlation means they provide meaningful diversification when combined. WSLV.DE charges 0.19%/yr vs 0.99%/yr for BNQL.DE.
Performance
WSLV.DE vs. BNQL.DE - Performance Comparison
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Different Trading Currencies
WSLV.DE is traded in USD, while BNQL.DE is traded in EUR. To make them comparable, the BNQL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WSLV.DE achieves a -2.28% return, which is significantly higher than BNQL.DE's -18.71% return.
WSLV.DE
- 1D
- 0.41%
- 1M
- 1.03%
- YTD
- -2.28%
- 6M
- 29.52%
- 1Y
- 110.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNQL.DE
- 1D
- -0.94%
- 1M
- -12.16%
- YTD
- -18.71%
- 6M
- -8.66%
- 1Y
- 31.28%
- 3Y*
- -3.10%
- 5Y*
- -14.98%
- 10Y*
- —
WSLV.DE vs. BNQL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WSLV.DE WisdomTree Core Physical Silver ETC | -2.28% | 130.09% | 7.75% |
BNQL.DE BNP Paribas Palladium ETC | -18.71% | 78.85% | -4.03% |
Correlation
The correlation between WSLV.DE and BNQL.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024 | 0.53 |
The correlation between WSLV.DE and BNQL.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
WSLV.DE vs. BNQL.DE — Risk / Return Rank
WSLV.DE
BNQL.DE
WSLV.DE vs. BNQL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Silver ETC (WSLV.DE) and BNP Paribas Palladium ETC (BNQL.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.
| WSLV.DE | BNQL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 0.80 | +2.04 |
| Martin ratioReturn relative to average drawdown | 6.14 | 1.73 | +4.41 |
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
| WSLV.DE | BNQL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 0.67 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 0.13 | +1.32 |
Drawdowns
WSLV.DE vs. BNQL.DE - Drawdown Comparison
The maximum WSLV.DE drawdown since its inception was -38.66%, smaller than the maximum BNQL.DE drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for WSLV.DE and BNQL.DE.
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Drawdown Indicators
| WSLV.DE | BNQL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -74.08% | +35.42% |
Max Drawdown (1Y)Largest decline over 1 year | -38.66% | -38.69% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.08% | — |
Current DrawdownCurrent decline from peak | -33.49% | -59.20% | +25.71% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -32.15% | +22.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.93% | 18.08% | -0.15% |
Volatility
WSLV.DE vs. BNQL.DE - Volatility Comparison
WisdomTree Core Physical Silver ETC (WSLV.DE) has a higher volatility of 16.35% compared to BNP Paribas Palladium ETC (BNQL.DE) at 10.79%. This indicates that WSLV.DE's price experiences larger fluctuations and is considered to be riskier than BNQL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSLV.DE | BNQL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.35% | 10.79% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 51.75% | 38.90% | +12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.38% | 46.45% | +7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.29% | 46.92% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.29% | 42.37% | +1.92% |
WSLV.DE vs. BNQL.DE - Expense Ratio Comparison
WSLV.DE has a 0.19% expense ratio, which is lower than BNQL.DE's 0.99% expense ratio.
Dividends
WSLV.DE vs. BNQL.DE - Dividend Comparison
Neither WSLV.DE nor BNQL.DE has paid dividends to shareholders.
Frequently Asked Questions
WSLV.DE and BNQL.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WSLV.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WSLV.DE is cheaper with a 0.19% expense ratio, compared with 0.99% for BNQL.DE.
WSLV.DE is categorized as Silver, while BNQL.DE is Precious Metals. WSLV.DE tracks LBMA Silver Price, while BNQL.DE tracks Palladium Spot Price. They also come from different issuers: WisdomTree and BNP Paribas. Their fees differ too: 0.19% for WSLV.DE and 0.99% for BNQL.DE.
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