XGLD.L vs. XSLR.L
XGLD.L (Xtrackers Physical Gold ETC) and XSLR.L (Xtrackers IE Physical Silver ETC Securities) are both exchange-traded funds - XGLD.L is a Precious Metals fund tracking the Gold, while XSLR.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, XGLD.L returned 18.31%/yr vs 21.18%/yr for XSLR.L. A 0.75 correlation means they provide meaningful diversification when combined. XGLD.L charges 0.25%/yr vs 0.20%/yr for XSLR.L.
Performance
XGLD.L vs. XSLR.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGLD.L achieves a 3.08% return, which is significantly higher than XSLR.L's 2.41% return.
XGLD.L
- 1D
- -1.36%
- 1M
- -4.18%
- YTD
- 3.08%
- 6M
- 5.21%
- 1Y
- 32.33%
- 3Y*
- 30.96%
- 5Y*
- 18.31%
- 10Y*
- 13.32%
XSLR.L
- 1D
- -3.30%
- 1M
- -3.04%
- YTD
- 2.41%
- 6M
- 25.05%
- 1Y
- 112.50%
- 3Y*
- 45.43%
- 5Y*
- 21.18%
- 10Y*
- —
XGLD.L vs. XSLR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGLD.L Xtrackers Physical Gold ETC | 3.08% | 64.60% | 25.87% | 13.37% | -0.24% | -4.19% | 10.95% |
XSLR.L Xtrackers IE Physical Silver ETC Securities | 2.41% | 147.42% | 21.28% | -0.78% | 3.55% | -13.23% | 73.88% |
Correlation
The correlation between XGLD.L and XSLR.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.75 |
The correlation between XGLD.L and XSLR.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
XGLD.L vs. XSLR.L — Risk / Return Rank
XGLD.L
XSLR.L
XGLD.L vs. XSLR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and Xtrackers IE Physical Silver ETC Securities (XSLR.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.
| XGLD.L | XSLR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.74 | -0.96 |
| Martin ratioReturn relative to average drawdown | 4.75 | 6.02 | -1.27 |
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
| XGLD.L | XSLR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.00 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.60 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.83 | -0.35 |
Drawdowns
XGLD.L vs. XSLR.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, which is greater than XSLR.L's maximum drawdown of -40.77%. Use the drawdown chart below to compare losses from any high point for XGLD.L and XSLR.L.
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Drawdown Indicators
| XGLD.L | XSLR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -40.77% | -4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -40.77% | +22.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -40.77% | +22.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -40.77% | +19.71% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | — | — |
Current DrawdownCurrent decline from peak | -16.45% | -35.69% | +19.24% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -14.88% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 18.62% | -11.82% |
Volatility
XGLD.L vs. XSLR.L - Volatility Comparison
The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 6.46%, while Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a volatility of 17.67%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than XSLR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLD.L | XSLR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 17.67% | -11.21% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 53.52% | -31.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 55.91% | -31.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 35.24% | -18.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 35.17% | -19.71% |
XGLD.L vs. XSLR.L - Expense Ratio Comparison
XGLD.L has a 0.25% expense ratio, which is higher than XSLR.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGLD.L vs. XSLR.L - Dividend Comparison
Neither XGLD.L nor XSLR.L has paid dividends to shareholders.
Frequently Asked Questions
XGLD.L and XSLR.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSLR.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XGLD.L.
XGLD.L is categorized as Precious Metals, while XSLR.L is Silver. XGLD.L tracks Gold, while XSLR.L tracks LBMA Silver Price. Their fees differ too: 0.25% for XGLD.L and 0.20% for XSLR.L.
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