XSLE.DE vs. SLVR.L

Last updated Jun 5, 2026

XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) and SLVR.L (WisdomTree Silver) are both Silver funds - XSLE.DE tracks the LBMA Silver Price (EUR Hedged) while SLVR.L tracks the Bloomberg Silver Subindex. Both are passively managed. Over the past 5 years, XSLE.DE returned 16.90%/yr vs 20.31%/yr for SLVR.L. Their correlation of 0.91 suggests significant overlap in exposure. XSLE.DE charges 0.73%/yr vs 0.49%/yr for SLVR.L.

Performance

XSLE.DE vs. SLVR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) and WisdomTree Silver (SLVR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XSLE.DE is traded in EUR, while SLVR.L is traded in USD. To make them comparable, the SLVR.L 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 SLVR.L's 4.80% 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*: —

SLVR.L

• 1D: 0.29%
• 1M: 0.65%
• YTD: 4.80%
• 6M: 28.82%
• 1Y: 105.85%
• 3Y*: 39.58%
• 5Y*: 20.31%
• 10Y*: 13.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XSLE.DE vs. SLVR.L - 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%
SLVR.L WisdomTree Silver	4.82%	108.63%	28.09%	-5.49%	8.59%	-8.28%	32.45%

Correlation

The correlation between XSLE.DE and SLVR.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 19, 2020	0.91

The correlation between XSLE.DE and SLVR.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

XSLE.DE vs. SLVR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSLE.DE

XSLE.DE Risk / Return Rank: 48
XSLE.DE Sharpe Ratio Rank: 55
XSLE.DE Sortino Ratio Rank: 45
XSLE.DE Omega Ratio Rank: 55
XSLE.DE Calmar Ratio Rank: 51
XSLE.DE Martin Ratio Rank: 36

SLVR.L

SLVR.L Risk / Return Rank: 50
SLVR.L Sharpe Ratio Rank: 55
SLVR.L Sortino Ratio Rank: 45
SLVR.L Omega Ratio Rank: 54
SLVR.L Calmar Ratio Rank: 55
SLVR.L Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSLE.DE vs. SLVR.L - 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 WisdomTree Silver (SLVR.L). 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	SLVR.L	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.83	+0.01
Sortino ratio: Return per unit of downside risk	2.21	2.21	0.00
Omega ratio: Gain probability vs. loss probability	1.33	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	2.51	2.73	-0.22
Martin ratio: Return relative to average drawdown	5.40	5.92	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSLE.DE vs. SLVR.L - Sharpe Ratio Comparison

The current XSLE.DE Sharpe Ratio is 1.84, which is comparable to the SLVR.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of XSLE.DE and SLVR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSLE.DE	SLVR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.83	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.57	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.27	+0.37

Drawdowns

XSLE.DE vs. SLVR.L - Drawdown Comparison

The maximum XSLE.DE drawdown since its inception was -42.43%, smaller than the maximum SLVR.L drawdown of -72.73%. Use the drawdown chart below to compare losses from any high point for XSLE.DE and SLVR.L.

Drawdown Indicators

	XSLE.DE	SLVR.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-72.73%	+30.30%
Max Drawdown (1Y) Largest decline over 1 year	-41.35%	-38.59%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-41.35%	-38.59%	-2.76%
Max Drawdown (5Y) Largest decline over 5 years	-41.35%	-38.59%	-2.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.61%	—
Current Drawdown Current decline from peak	-36.50%	-33.52%	-2.98%
Average Drawdown Average peak-to-trough decline	-18.29%	-42.66%	+24.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.25%	17.81%	+1.44%

Volatility

XSLE.DE vs. SLVR.L - Volatility Comparison

Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) and WisdomTree Silver (SLVR.L) have volatilities of 17.13% and 17.15%, 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.

Volatility by Period

	XSLE.DE	SLVR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.13%	17.15%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	53.94%	54.88%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	56.40%	57.62%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.13%	35.54%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.05%	30.86%	+4.19%

XSLE.DE vs. SLVR.L - Expense Ratio Comparison

XSLE.DE has a 0.73% expense ratio, which is higher than SLVR.L's 0.49% expense ratio.

Dividends

XSLE.DE vs. SLVR.L - Dividend Comparison

Neither XSLE.DE nor SLVR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XSLE.DE and SLVR.L in my portfolio?

With a correlation of 0.92, XSLE.DE and SLVR.L 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.

Which ETF is better, XSLE.DE or SLVR.L?

On fees, SLVR.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSLE.DE or SLVR.L?

SLVR.L is cheaper with a 0.49% expense ratio, compared with 0.73% for XSLE.DE.

What is the main difference between XSLE.DE and SLVR.L?

XSLE.DE tracks LBMA Silver Price (EUR Hedged), while SLVR.L tracks Bloomberg Silver Subindex. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.73% for XSLE.DE and 0.49% for SLVR.L.