XSLE.DE vs. 8PSB.DE
XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) and 8PSB.DE (Invesco Physical Silver ETC) are both Silver funds - XSLE.DE tracks the LBMA Silver Price (EUR Hedged) while 8PSB.DE tracks the LBMA Silver Price. Both are passively managed. Over the past 3 years, XSLE.DE returned 40.82%/yr vs 42.18%/yr for 8PSB.DE. With a 0.95 correlation, they move nearly in lockstep. XSLE.DE charges 0.73%/yr vs 0.19%/yr for 8PSB.DE.
Performance
XSLE.DE vs. 8PSB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSLE.DE achieves a -5.59% return, which is significantly lower than 8PSB.DE's -2.37% return.
XSLE.DE
- 1D
- 0.53%
- 1M
- -0.03%
- YTD
- -5.59%
- 6M
- 25.87%
- 1Y
- 104.34%
- 3Y*
- 40.82%
- 5Y*
- 16.90%
- 10Y*
- —
8PSB.DE
- 1D
- 0.37%
- 1M
- 1.00%
- YTD
- -2.37%
- 6M
- 29.53%
- 1Y
- 110.49%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
XSLE.DE vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -5.59% | 149.28% | 20.14% | -4.86% | 0.29% | -13.27% |
8PSB.DE Invesco Physical Silver ETC | -2.37% | 130.25% | 30.85% | -4.18% | 10.64% | -7.65% |
Correlation
The correlation between XSLE.DE and 8PSB.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.95 |
The correlation between XSLE.DE and 8PSB.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
XSLE.DE vs. 8PSB.DE — Risk / Return Rank
XSLE.DE
8PSB.DE
XSLE.DE vs. 8PSB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) and Invesco Physical Silver ETC (8PSB.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.
| XSLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.85 | -0.34 |
| Martin ratioReturn relative to average drawdown | 5.40 | 6.09 | -0.69 |
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
| XSLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.89 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.68 | -0.04 |
Drawdowns
XSLE.DE vs. 8PSB.DE - Drawdown Comparison
The maximum XSLE.DE drawdown since its inception was -42.43%, which is greater than 8PSB.DE's maximum drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for XSLE.DE and 8PSB.DE.
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Drawdown Indicators
| XSLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -38.62% | -3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -41.35% | -38.62% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -41.35% | -38.62% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -36.50% | -33.51% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -11.18% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 18.07% | +1.18% |
Volatility
XSLE.DE vs. 8PSB.DE - Volatility Comparison
Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) and Invesco Physical Silver ETC (8PSB.DE) have volatilities of 17.13% and 16.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSLE.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 16.36% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 53.94% | 51.95% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.40% | 58.17% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 34.63% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.05% | 34.63% | +0.42% |
XSLE.DE vs. 8PSB.DE - Expense Ratio Comparison
XSLE.DE has a 0.73% expense ratio, which is higher than 8PSB.DE's 0.19% expense ratio.
Dividends
XSLE.DE vs. 8PSB.DE - Dividend Comparison
Neither XSLE.DE nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, XSLE.DE and 8PSB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.73% for XSLE.DE.
XSLE.DE tracks LBMA Silver Price (EUR Hedged), while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.73% for XSLE.DE and 0.19% for 8PSB.DE.
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