XGDU.L vs. SILG.L
XGDU.L (Xtrackers IE Physical Gold ETC Securities) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - XGDU.L is a Precious Metals fund tracking the Gold, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past 3 years, XGDU.L returned 31.54%/yr vs 49.26%/yr for SILG.L. A 0.71 correlation means they provide meaningful diversification when combined. XGDU.L charges 0.12%/yr vs 0.65%/yr for SILG.L.
Performance
XGDU.L vs. SILG.L - Performance Comparison
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Different Trading Currencies
XGDU.L is traded in USD, while SILG.L is traded in GBP. To make them comparable, the SILG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGDU.L achieves a 3.77% return, which is significantly lower than SILG.L's 5.36% return.
XGDU.L
- 1D
- 0.58%
- 1M
- -2.38%
- YTD
- 3.77%
- 6M
- 5.98%
- 1Y
- 32.35%
- 3Y*
- 31.54%
- 5Y*
- 18.61%
- 10Y*
- —
SILG.L
- 1D
- 0.40%
- 1M
- 1.80%
- YTD
- 5.36%
- 6M
- 17.53%
- 1Y
- 96.79%
- 3Y*
- 49.26%
- 5Y*
- —
- 10Y*
- —
XGDU.L vs. SILG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGDU.L Xtrackers IE Physical Gold ETC Securities | 3.77% | 64.71% | 26.20% | 13.45% | -3.85% |
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 5.36% | 173.15% | 11.64% | -1.40% | -9.85% |
Correlation
The correlation between XGDU.L and SILG.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.71 |
The correlation between XGDU.L and SILG.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
XGDU.L vs. SILG.L — Risk / Return Rank
XGDU.L
SILG.L
XGDU.L vs. SILG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.L) and Global X Silver Miners UCITS ETF USD Accumulating (SILG.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.
| XGDU.L | SILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.99 | -1.15 |
| Martin ratioReturn relative to average drawdown | 4.73 | 7.22 | -2.49 |
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
| XGDU.L | SILG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.88 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.69 | +0.32 |
Drawdowns
XGDU.L vs. SILG.L - Drawdown Comparison
The maximum XGDU.L drawdown since its inception was -21.59%, smaller than the maximum SILG.L drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for XGDU.L and SILG.L.
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Drawdown Indicators
| XGDU.L | SILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -31.97% | +10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -17.47% | -31.97% | +14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -31.97% | +14.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | — | — |
Current DrawdownCurrent decline from peak | -15.82% | -25.27% | +9.45% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -13.21% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 13.30% | -6.48% |
Volatility
XGDU.L vs. SILG.L - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold ETC Securities (XGDU.L) is 6.39%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 19.16%. This indicates that XGDU.L experiences smaller price fluctuations and is considered to be less risky than SILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDU.L | SILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 19.16% | -12.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.85% | 41.44% | -19.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.87% | 51.03% | -26.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 42.60% | -25.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 42.60% | -25.29% |
XGDU.L vs. SILG.L - Expense Ratio Comparison
XGDU.L has a 0.12% expense ratio, which is lower than SILG.L's 0.65% expense ratio.
Dividends
XGDU.L vs. SILG.L - Dividend Comparison
Neither XGDU.L nor SILG.L has paid dividends to shareholders.
Frequently Asked Questions
XGDU.L and SILG.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.65% for SILG.L.
XGDU.L is categorized as Precious Metals, while SILG.L is Silver. XGDU.L tracks Gold, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.12% for XGDU.L and 0.65% for SILG.L.
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