XMWJ.DE vs. SLVR.DE
XMWJ.DE (WisdomTree Industrial Metals Enhanced) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - XMWJ.DE is a Metals fund tracking the Optimised Roll Industrial Metals, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, XMWJ.DE returned 8.41%/yr vs 45.36%/yr for SLVR.DE. At a 0.34 correlation, their price movements are largely independent. XMWJ.DE charges 0.40%/yr vs 0.49%/yr for SLVR.DE.
Performance
XMWJ.DE vs. SLVR.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XMWJ.DE achieves a 11.66% return, which is significantly higher than SLVR.DE's 1.99% return.
XMWJ.DE
- 1D
- -0.39%
- 1M
- 4.31%
- YTD
- 11.66%
- 6M
- 17.70%
- 1Y
- 28.56%
- 3Y*
- 8.41%
- 5Y*
- 6.79%
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- -5.05%
- YTD
- 1.99%
- 6M
- 16.61%
- 1Y
- 84.77%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
XMWJ.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XMWJ.DE WisdomTree Industrial Metals Enhanced | 11.66% | 3.54% | 10.30% | -10.91% | -9.76% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between XMWJ.DE and SLVR.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.34 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XMWJ.DE vs. SLVR.DE — Risk / Return Rank
XMWJ.DE
SLVR.DE
XMWJ.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (XMWJ.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.
| XMWJ.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.06 | +0.83 |
| Martin ratioReturn relative to average drawdown | 12.97 | 7.37 | +5.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XMWJ.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.85 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.68 | -0.29 |
Drawdowns
XMWJ.DE vs. SLVR.DE - Drawdown Comparison
The maximum XMWJ.DE drawdown since its inception was -36.27%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for XMWJ.DE and SLVR.DE.
Loading charts...
Drawdown Indicators
| XMWJ.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -31.33% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -30.51% | +23.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -30.51% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | — | — |
Current DrawdownCurrent decline from peak | -14.55% | -24.02% | +9.47% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -12.66% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 12.69% | -10.49% |
Volatility
XMWJ.DE vs. SLVR.DE - Volatility Comparison
The current volatility for WisdomTree Industrial Metals Enhanced (XMWJ.DE) is 4.56%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that XMWJ.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.
Loading charts...
Volatility by Period
| XMWJ.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 17.06% | -12.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 41.25% | -28.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 50.34% | -34.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.70% | 38.29% | -18.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 38.29% | -19.81% |
XMWJ.DE vs. SLVR.DE - Expense Ratio Comparison
XMWJ.DE has a 0.40% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
XMWJ.DE vs. SLVR.DE - Dividend Comparison
Neither XMWJ.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
XMWJ.DE and SLVR.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWJ.DE is cheaper with a 0.40% expense ratio, compared with 0.49% for SLVR.DE.
XMWJ.DE is categorized as Metals, while SLVR.DE is Silver. XMWJ.DE tracks Optimised Roll Industrial Metals, while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.40% for XMWJ.DE and 0.49% for SLVR.DE.
Find the right allocation for XMWJ.DE and SLVR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer