WTES.DE vs. SLVR.DE
WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - WTES.DE is a Dividend fund tracking the WisdomTree Europe SmallCap Dividend UCITS Index Euro, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, WTES.DE returned 12.58%/yr vs 41.00%/yr for SLVR.DE. At a 0.39 correlation, their price movements are largely independent. WTES.DE charges 0.38%/yr vs 0.49%/yr for SLVR.DE.
Performance
WTES.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTES.DE achieves a 7.78% return, which is significantly higher than SLVR.DE's -10.42% return.
WTES.DE
- 1D
- -0.21%
- 1M
- 0.02%
- 6M
- 5.26%
- YTD
- 7.78%
- 1Y
- 11.03%
- 3Y*
- 12.58%
- 5Y*
- 5.87%
- 10Y*
- 7.78%
SLVR.DE
- 1D
- 0.00%
- 1M
- -11.86%
- 6M
- -19.16%
- YTD
- -10.42%
- 1Y
- 61.61%
- 3Y*
- 41.00%
- 5Y*
- —
- 10Y*
- —
WTES.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 7.78% | 17.37% | 5.33% | 10.89% | -7.06% |
SLVR.DE WisdomTree Silver | -10.42% | 147.57% | 21.38% | -4.72% | -10.99% |
Correlation
The correlation between WTES.DE and SLVR.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 6, 2022 | 0.39 |
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Return for Risk
WTES.DE vs. SLVR.DE — Risk / Return Rank
WTES.DE
SLVR.DE
WTES.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WTES.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.69 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.54 | 3.76 | +0.77 |
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Drawdowns
WTES.DE vs. SLVR.DE - Drawdown Comparison
The maximum WTES.DE drawdown since its inception was -44.21%, which is greater than SLVR.DE's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for WTES.DE and SLVR.DE.
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Drawdown Indicators
| WTES.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -36.61% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -36.61% | +28.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -36.61% | +23.21% |
Max Drawdown (5Y)Largest decline over 5 years | -26.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -33.26% | +32.42% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -13.26% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 16.42% | -13.76% |
Volatility
WTES.DE vs. SLVR.DE - Volatility Comparison
The current volatility for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) is 2.81%, while WisdomTree Silver (SLVR.DE) has a volatility of 16.02%. This indicates that WTES.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
| WTES.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 16.02% | -13.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 43.39% | -33.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 54.17% | -41.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 39.21% | -23.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 39.21% | -23.07% |
WTES.DE vs. SLVR.DE - Expense Ratio Comparison
WTES.DE has a 0.38% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
WTES.DE vs. SLVR.DE - Dividend Comparison
WTES.DE's dividend yield for the trailing twelve months is around 3.82%, while SLVR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVR.DE WisdomTree Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 3.82% | 4.67% | 4.81% | 4.47% | 4.24% | 2.04% | 1.78% | 3.33% | 3.67% | 2.58% | 0.40% | 2.47% |
Frequently Asked Questions
WTES.DE and SLVR.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTES.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTES.DE is cheaper with a 0.38% expense ratio, compared with 0.49% for SLVR.DE.
WTES.DE is categorized as Dividend, while SLVR.DE is Silver. WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.38% for WTES.DE and 0.49% for SLVR.DE.
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