XGDU.L vs. SLVI.L

Last updated Jun 5, 2026

XGDU.L (Xtrackers IE Physical Gold ETC Securities) and SLVI.L (IncomeShares Silver+ Yield ETP) are both exchange-traded funds - XGDU.L is a Precious Metals fund tracking the Gold, while SLVI.L is a Silver fund actively managed by IncomeShares. XGDU.L is passively managed, while SLVI.L is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. XGDU.L charges 0.12%/yr vs 0.35%/yr for SLVI.L.

Performance

XGDU.L vs. SLVI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers IE Physical Gold ETC Securities (XGDU.L) and IncomeShares Silver+ Yield ETP (SLVI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGDU.L achieves a 3.77% return, which is significantly higher than SLVI.L's -3.20% 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*: —

SLVI.L

• 1D: 0.45%
• 1M: 0.14%
• YTD: -3.20%
• 6M: 17.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGDU.L vs. SLVI.L - Yearly Performance Comparison

	2026 (YTD)	2025
XGDU.L Xtrackers IE Physical Gold ETC Securities	3.77%	30.94%
SLVI.L IncomeShares Silver+ Yield ETP	-3.20%	73.06%

Correlation

The correlation between XGDU.L and SLVI.L is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.68

Return for Risk

XGDU.L vs. SLVI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGDU.L

XGDU.L Risk / Return Rank: 36
XGDU.L Sharpe Ratio Rank: 37
XGDU.L Sortino Ratio Rank: 33
XGDU.L Omega Ratio Rank: 39
XGDU.L Calmar Ratio Rank: 38
XGDU.L Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGDU.L vs. SLVI.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 IncomeShares Silver+ Yield ETP (SLVI.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	SLVI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.30	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.84	—	—
Martin ratio: Return relative to average drawdown	4.73	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XGDU.L	SLVI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	—	—
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	1.46	-0.45

Drawdowns

XGDU.L vs. SLVI.L - Drawdown Comparison

The maximum XGDU.L drawdown since its inception was -21.59%, smaller than the maximum SLVI.L drawdown of -37.77%. Use the drawdown chart below to compare losses from any high point for XGDU.L and SLVI.L.

Drawdown Indicators

	XGDU.L	SLVI.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.59%	-37.77%	+16.18%
Max Drawdown (1Y) Largest decline over 1 year	-17.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.00%	—	—
Current Drawdown Current decline from peak	-15.82%	-34.15%	+18.33%
Average Drawdown Average peak-to-trough decline	-7.31%	-12.28%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.82%	—	—

Volatility

Volatility by Period

	XGDU.L	SLVI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.87%	50.86%	-25.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	50.86%	-33.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	50.86%	-33.55%

XGDU.L vs. SLVI.L - Expense Ratio Comparison

XGDU.L has a 0.12% expense ratio, which is lower than SLVI.L's 0.35% expense ratio.

Dividends

XGDU.L vs. SLVI.L - Dividend Comparison

XGDU.L has not paid dividends to shareholders, while SLVI.L's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
SLVI.L IncomeShares Silver+ Yield ETP	0.11%	0.02%
XGDU.L Xtrackers IE Physical Gold ETC Securities	0.00%	0.00%

Frequently Asked Questions

Can I hold both XGDU.L and SLVI.L in my portfolio?

XGDU.L and SLVI.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGDU.L or SLVI.L?

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.

Which ETF is cheaper, XGDU.L or SLVI.L?

XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.35% for SLVI.L.

What is the main difference between XGDU.L and SLVI.L?

XGDU.L is categorized as Precious Metals, while SLVI.L is Silver. They also come from different issuers: Xtrackers and IncomeShares. Their fees differ too: 0.12% for XGDU.L and 0.35% for SLVI.L.