XSLE.DE vs. SBT.TO
XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) and SBT.TO (Purpose Silver Bullion Fund) are both Silver funds - XSLE.DE tracks the LBMA Silver Price (EUR Hedged) while SBT.TO tracks the LBMA Silver Price. Both are passively managed. Over the past 5 years, XSLE.DE returned 12.87%/yr vs 13.11%/yr for SBT.TO. At a 0.47 correlation, their price movements are largely independent. XSLE.DE charges 0.73%/yr vs 0.36%/yr for SBT.TO.
Performance
XSLE.DE vs. SBT.TO - Performance Comparison
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Different Trading Currencies
XSLE.DE is traded in EUR, while SBT.TO is traded in CAD. To make them comparable, the SBT.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSLE.DE achieves a -26.25% return, which is significantly lower than SBT.TO's -19.26% return.
XSLE.DE
- 1D
- 0.00%
- 1M
- -24.10%
- YTD
- -26.25%
- 6M
- -26.25%
- 1Y
- 53.24%
- 3Y*
- 31.27%
- 5Y*
- 12.87%
- 10Y*
- —
SBT.TO
- 1D
- 2.18%
- 1M
- -23.30%
- YTD
- -19.26%
- 6M
- -24.58%
- 1Y
- 56.35%
- 3Y*
- 29.23%
- 5Y*
- 13.11%
- 10Y*
- 9.93%
XSLE.DE vs. SBT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -26.25% | 149.28% | 20.14% | -4.86% | 0.29% | -15.30% | 66.03% |
SBT.TO Purpose Silver Bullion Fund | -19.26% | 118.93% | 16.51% | -1.49% | 1.85% | -6.64% | 52.57% |
Correlation
The correlation between XSLE.DE and SBT.TO is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.47 |
Over the past year, XSLE.DE and SBT.TO have become more correlated (0.76) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
XSLE.DE vs. SBT.TO — Risk / Return Rank
XSLE.DE
SBT.TO
XSLE.DE vs. SBT.TO - 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 Purpose Silver Bullion Fund (SBT.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XSLE.DE | SBT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.09 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.34 | 2.46 | -0.11 |
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Drawdowns
XSLE.DE vs. SBT.TO - Drawdown Comparison
The maximum XSLE.DE drawdown since its inception was -50.39%, roughly equal to the maximum SBT.TO drawdown of -52.19%. Use the drawdown chart below to compare losses from any high point for XSLE.DE and SBT.TO.
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Drawdown Indicators
| XSLE.DE | SBT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.39% | -52.19% | +1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -50.39% | -52.19% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -50.39% | -52.19% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -50.39% | -52.19% | +1.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.19% | — |
Current DrawdownCurrent decline from peak | -50.39% | -50.25% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -17.34% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.66% | 23.00% | -0.34% |
Volatility
XSLE.DE vs. SBT.TO - Volatility Comparison
Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) and Purpose Silver Bullion Fund (SBT.TO) have volatilities of 15.37% and 16.02%, 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 | SBT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 16.02% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 55.02% | 57.92% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.27% | 60.00% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.72% | 37.95% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.55% | 67.58% | -32.03% |
XSLE.DE vs. SBT.TO - Expense Ratio Comparison
XSLE.DE has a 0.73% expense ratio, which is higher than SBT.TO's 0.36% expense ratio.
Dividends
XSLE.DE vs. SBT.TO - Dividend Comparison
Neither XSLE.DE nor SBT.TO has paid dividends to shareholders.
Frequently Asked Questions
XSLE.DE and SBT.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBT.TO is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBT.TO is cheaper with a 0.36% expense ratio, compared with 0.73% for XSLE.DE.
XSLE.DE tracks LBMA Silver Price (EUR Hedged), while SBT.TO tracks LBMA Silver Price. They also come from different issuers: Xtrackers and Purpose Investments. Their fees differ too: 0.73% for XSLE.DE and 0.36% for SBT.TO.
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