WTEH.DE vs. SLVR.DE
WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - WTEH.DE is a Commodities fund tracking the Optimized Roll Commodity (EUR Hedged), while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, WTEH.DE returned 14.16%/yr vs 45.36%/yr for SLVR.DE. At a 0.39 correlation, their price movements are largely independent. WTEH.DE charges 0.35%/yr vs 0.49%/yr for SLVR.DE.
Performance
WTEH.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEH.DE achieves a 28.87% return, which is significantly higher than SLVR.DE's 1.99% return.
WTEH.DE
- 1D
- -1.21%
- 1M
- -0.63%
- YTD
- 28.87%
- 6M
- 30.95%
- 1Y
- 40.23%
- 3Y*
- 14.16%
- 5Y*
- 9.32%
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- -5.05%
- YTD
- 1.99%
- 6M
- 16.61%
- 1Y
- 84.77%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
WTEH.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc | 28.87% | 14.12% | 1.38% | -8.99% | -13.52% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between WTEH.DE and SLVR.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.39 |
Over the past year, the correlation between WTEH.DE and SLVR.DE has dropped to 0.18 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
WTEH.DE vs. SLVR.DE — Risk / Return Rank
WTEH.DE
SLVR.DE
WTEH.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.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.
| WTEH.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.29 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 3.06 | +3.87 |
| Martin ratioReturn relative to average drawdown | 15.94 | 7.37 | +8.57 |
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
| WTEH.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 1.85 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.68 | +0.17 |
Drawdowns
WTEH.DE vs. SLVR.DE - Drawdown Comparison
The maximum WTEH.DE drawdown since its inception was -28.22%, smaller than the maximum SLVR.DE drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for WTEH.DE and SLVR.DE.
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Drawdown Indicators
| WTEH.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -31.33% | +3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -30.51% | +24.58% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -30.51% | +20.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | — | — |
Current DrawdownCurrent decline from peak | -4.05% | -24.02% | +19.97% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -12.66% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 12.69% | -10.11% |
Volatility
WTEH.DE vs. SLVR.DE - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) is 5.17%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that WTEH.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
| WTEH.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 17.06% | -11.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 41.25% | -26.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 50.34% | -33.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 38.29% | -22.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 38.29% | -22.90% |
WTEH.DE vs. SLVR.DE - Expense Ratio Comparison
WTEH.DE has a 0.35% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
WTEH.DE vs. SLVR.DE - Dividend Comparison
Neither WTEH.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEH.DE and SLVR.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEH.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEH.DE is cheaper with a 0.35% expense ratio, compared with 0.49% for SLVR.DE.
WTEH.DE is categorized as Commodities, while SLVR.DE is Silver. WTEH.DE tracks Optimized Roll Commodity (EUR Hedged), while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.35% for WTEH.DE and 0.49% for SLVR.DE.
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