XSLE.DE vs. GLDA.DE
XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) and GLDA.DE (Amundi Physical Gold ETC (C)) are both exchange-traded funds - XSLE.DE is a Silver fund tracking the LBMA Silver Price (EUR Hedged), while GLDA.DE is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, XSLE.DE returned 16.90%/yr vs 19.71%/yr for GLDA.DE. A 0.62 correlation means they provide meaningful diversification when combined. XSLE.DE charges 0.73%/yr vs 0.12%/yr for GLDA.DE.
Performance
XSLE.DE vs. GLDA.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 GLDA.DE's 2.73% 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*
- —
GLDA.DE
- 1D
- 0.57%
- 1M
- -1.60%
- YTD
- 2.73%
- 6M
- 6.36%
- 1Y
- 30.16%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
XSLE.DE vs. GLDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -5.59% | 149.28% | 20.14% | -4.86% | 0.29% | -15.30% | 51.17% |
GLDA.DE Amundi Physical Gold ETC (C) | 2.73% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | -4.16% |
Correlation
The correlation between XSLE.DE and GLDA.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.62 |
The correlation between XSLE.DE and GLDA.DE has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.
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Return for Risk
XSLE.DE vs. GLDA.DE — Risk / Return Rank
XSLE.DE
GLDA.DE
XSLE.DE vs. GLDA.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 Amundi Physical Gold ETC (C) (GLDA.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 | GLDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.82 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.40 | 4.60 | +0.80 |
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 | GLDA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.30 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.21 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.10 | -0.46 |
Drawdowns
XSLE.DE vs. GLDA.DE - Drawdown Comparison
The maximum XSLE.DE drawdown since its inception was -42.43%, which is greater than GLDA.DE's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for XSLE.DE and GLDA.DE.
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Drawdown Indicators
| XSLE.DE | GLDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -18.34% | -24.09% |
Max Drawdown (1Y)Largest decline over 1 year | -41.35% | -16.53% | -24.82% |
Max Drawdown (3Y)Largest decline over 3 years | -41.35% | -16.53% | -24.82% |
Max Drawdown (5Y)Largest decline over 5 years | -41.35% | -16.53% | -24.82% |
Current DrawdownCurrent decline from peak | -36.50% | -15.01% | -21.49% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -5.75% | -12.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 6.54% | +12.71% |
Volatility
XSLE.DE vs. GLDA.DE - Volatility Comparison
Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) has a higher volatility of 17.13% compared to Amundi Physical Gold ETC (C) (GLDA.DE) at 5.11%. This indicates that XSLE.DE's price experiences larger fluctuations and is considered to be riskier than GLDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSLE.DE | GLDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 5.11% | +12.02% |
Volatility (6M)Calculated over the trailing 6-month period | 53.94% | 20.17% | +33.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.40% | 23.11% | +33.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 16.05% | +19.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.05% | 15.85% | +19.20% |
XSLE.DE vs. GLDA.DE - Expense Ratio Comparison
XSLE.DE has a 0.73% expense ratio, which is higher than GLDA.DE's 0.12% expense ratio.
Dividends
XSLE.DE vs. GLDA.DE - Dividend Comparison
Neither XSLE.DE nor GLDA.DE has paid dividends to shareholders.
Frequently Asked Questions
XSLE.DE and GLDA.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.73% for XSLE.DE.
XSLE.DE is categorized as Silver, while GLDA.DE is Precious Metals. XSLE.DE tracks LBMA Silver Price (EUR Hedged), while GLDA.DE tracks Gold. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.73% for XSLE.DE and 0.12% for GLDA.DE.
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