XGDG.L vs. ISLN.L
XGDG.L (Xtrackers IE Physical Gold GBP Hedged ETC Securities) and ISLN.L (iShares Physical Silver ETC) are both exchange-traded funds - XGDG.L is a Precious Metals fund tracking the Gold (GBP Hedged), while ISLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, XGDG.L returned 16.88%/yr vs 22.50%/yr for ISLN.L. A 0.68 correlation means they provide meaningful diversification when combined. XGDG.L charges 0.28%/yr vs 0.20%/yr for ISLN.L.
Performance
XGDG.L vs. ISLN.L - Performance Comparison
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Different Trading Currencies
XGDG.L is traded in GBp, while ISLN.L is traded in USD. To make them comparable, the ISLN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGDG.L achieves a 2.36% return, which is significantly lower than ISLN.L's 2.81% return.
XGDG.L
- 1D
- -1.44%
- 1M
- -4.35%
- YTD
- 2.36%
- 6M
- 4.37%
- 1Y
- 30.94%
- 3Y*
- 29.69%
- 5Y*
- 16.88%
- 10Y*
- —
ISLN.L
- 1D
- -3.07%
- 1M
- -2.37%
- YTD
- 2.81%
- 6M
- 24.16%
- 1Y
- 113.94%
- 3Y*
- 41.81%
- 5Y*
- 22.50%
- 10Y*
- 16.76%
XGDG.L vs. ISLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDG.L Xtrackers IE Physical Gold GBP Hedged ETC Securities | 2.36% | 63.15% | 25.16% | 11.50% | -1.40% | -5.50% | 6.91% |
ISLN.L iShares Physical Silver ETC | 2.81% | 129.95% | 23.24% | -5.73% | 15.69% | -12.02% | 36.70% |
Correlation
The correlation between XGDG.L and ISLN.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 26, 2020 | 0.68 |
The correlation between XGDG.L and ISLN.L has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
XGDG.L vs. ISLN.L — Risk / Return Rank
XGDG.L
ISLN.L
XGDG.L vs. ISLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) and iShares Physical Silver ETC (ISLN.L). 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.
| XGDG.L | ISLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.92 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.46 | 6.45 | -1.99 |
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
| XGDG.L | ISLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.04 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.66 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.17 | +0.70 |
Drawdowns
XGDG.L vs. ISLN.L - Drawdown Comparison
The maximum XGDG.L drawdown since its inception was -23.31%, smaller than the maximum ISLN.L drawdown of -69.93%. Use the drawdown chart below to compare losses from any high point for XGDG.L and ISLN.L.
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Drawdown Indicators
| XGDG.L | ISLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -69.93% | +46.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -38.79% | +20.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.55% | -38.79% | +20.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -38.79% | +16.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -16.82% | -33.94% | +17.12% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -45.59% | +37.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 17.60% | -10.68% |
Volatility
XGDG.L vs. ISLN.L - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) is 6.36%, while iShares Physical Silver ETC (ISLN.L) has a volatility of 17.27%. This indicates that XGDG.L experiences smaller price fluctuations and is considered to be less risky than ISLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDG.L | ISLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 17.27% | -10.91% |
Volatility (6M)Calculated over the trailing 6-month period | 22.32% | 53.08% | -30.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.25% | 55.64% | -30.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 33.88% | -16.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 30.11% | -12.81% |
XGDG.L vs. ISLN.L - Expense Ratio Comparison
XGDG.L has a 0.28% expense ratio, which is higher than ISLN.L's 0.20% expense ratio.
Dividends
XGDG.L vs. ISLN.L - Dividend Comparison
Neither XGDG.L nor ISLN.L has paid dividends to shareholders.
Frequently Asked Questions
XGDG.L and ISLN.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISLN.L is cheaper with a 0.20% expense ratio, compared with 0.28% for XGDG.L.
XGDG.L is categorized as Precious Metals, while ISLN.L is Silver. XGDG.L tracks Gold (GBP Hedged), while ISLN.L tracks LBMA Silver Price. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.28% for XGDG.L and 0.20% for ISLN.L.
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