XSLE.DE vs. SLVO
XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both Silver funds - XSLE.DE tracks the LBMA Silver Price (EUR Hedged) while SLVO tracks the Credit Suisse NASDAQ Silver FLOWS 106 Index. Both are passively managed. Over the past year, XSLE.DE returned 97.31% vs 51.43% for SLVO. A 0.65 correlation means they provide meaningful diversification when combined. XSLE.DE charges 0.73%/yr vs 0.65%/yr for SLVO.
Performance
XSLE.DE vs. SLVO - Performance Comparison
Loading charts...
Different Trading Currencies
XSLE.DE is traded in EUR, while SLVO is traded in USD. To make them comparable, the SLVO 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 -5.59% return, which is significantly lower than SLVO's 9.41% return.
XSLE.DE
- 1D
- 0.53%
- 1M
- -4.78%
- YTD
- -5.59%
- 6M
- 23.30%
- 1Y
- 97.31%
- 3Y*
- 40.82%
- 5Y*
- 16.90%
- 10Y*
- —
SLVO
- 1D
- -5.41%
- 1M
- -3.20%
- YTD
- 9.41%
- 6M
- 12.25%
- 1Y
- 51.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XSLE.DE vs. SLVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -5.59% | 149.28% | -5.14% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | 9.41% | 50.88% | 6.60% |
Correlation
The correlation between XSLE.DE and SLVO is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.65 |
The correlation between XSLE.DE and SLVO has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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
XSLE.DE vs. SLVO — Risk / Return Rank
XSLE.DE
SLVO
XSLE.DE vs. SLVO - 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 UBS ETRACS Silver Shares Covered Call ETN (SLVO). 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 | SLVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.09 | -0.58 |
| Martin ratioReturn relative to average drawdown | 5.40 | 12.20 | -6.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XSLE.DE | SLVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.78 | +0.06 |
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 | 1.32 | -0.68 |
Drawdowns
XSLE.DE vs. SLVO - Drawdown Comparison
The maximum XSLE.DE drawdown since its inception was -42.43%, which is greater than SLVO's maximum drawdown of -16.71%. Use the drawdown chart below to compare losses from any high point for XSLE.DE and SLVO.
Loading charts...
Drawdown Indicators
| XSLE.DE | SLVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -16.71% | -25.72% |
Max Drawdown (1Y)Largest decline over 1 year | -41.35% | -16.71% | -24.64% |
Max Drawdown (3Y)Largest decline over 3 years | -41.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -36.50% | -7.40% | -29.10% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -3.36% | -14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 4.23% | +15.02% |
Volatility
XSLE.DE vs. SLVO - Volatility Comparison
Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) has a higher volatility of 17.13% compared to UBS ETRACS Silver Shares Covered Call ETN (SLVO) at 7.36%. This indicates that XSLE.DE's price experiences larger fluctuations and is considered to be riskier than SLVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XSLE.DE | SLVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 7.36% | +9.77% |
Volatility (6M)Calculated over the trailing 6-month period | 53.94% | 26.71% | +27.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.40% | 29.08% | +27.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 24.74% | +10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.05% | 24.74% | +10.31% |
XSLE.DE vs. SLVO - Expense Ratio Comparison
XSLE.DE has a 0.73% expense ratio, which is higher than SLVO's 0.65% expense ratio.
Dividends
XSLE.DE vs. SLVO - Dividend Comparison
XSLE.DE has not paid dividends to shareholders, while SLVO's dividend yield for the trailing twelve months is around 49.12%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SLVO UBS ETRACS Silver Shares Covered Call ETN | 49.12% | 19.35% | 14.45% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSLE.DE and SLVO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVO is cheaper with a 0.65% expense ratio, compared with 0.73% for XSLE.DE.
XSLE.DE tracks LBMA Silver Price (EUR Hedged), while SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.73% for XSLE.DE and 0.65% for SLVO.
Find the right allocation for XSLE.DE and SLVO
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