XSLE.DE vs. VVMX.DE
XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - XSLE.DE is a Silver fund tracking the LBMA Silver Price (EUR Hedged), while VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, XSLE.DE returned 40.82%/yr vs 3.35%/yr for VVMX.DE. At a 0.39 correlation, their price movements are largely independent. XSLE.DE charges 0.73%/yr vs 0.59%/yr for VVMX.DE.
Performance
XSLE.DE vs. VVMX.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 VVMX.DE's 30.24% 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*
- —
VVMX.DE
- 1D
- -1.82%
- 1M
- -6.33%
- YTD
- 30.24%
- 6M
- 39.84%
- 1Y
- 155.75%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
XSLE.DE vs. VVMX.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% | 5.66% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 17.29% |
Correlation
The correlation between XSLE.DE and VVMX.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.39 |
The correlation between XSLE.DE and VVMX.DE shifts across timeframes, from 0.39 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSLE.DE vs. VVMX.DE — Risk / Return Rank
XSLE.DE
VVMX.DE
XSLE.DE vs. VVMX.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 VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 7.59 | -5.08 |
| Martin ratioReturn relative to average drawdown | 5.40 | 19.66 | -14.26 |
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 | VVMX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 3.36 | -1.52 |
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 | 0.02 | +0.62 |
Drawdowns
XSLE.DE vs. VVMX.DE - Drawdown Comparison
The maximum XSLE.DE drawdown since its inception was -42.43%, smaller than the maximum VVMX.DE drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for XSLE.DE and VVMX.DE.
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Drawdown Indicators
| XSLE.DE | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -73.26% | +30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -41.35% | -20.40% | -20.95% |
Max Drawdown (3Y)Largest decline over 3 years | -41.35% | -61.55% | +20.20% |
Max Drawdown (5Y)Largest decline over 5 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -36.50% | -25.51% | -10.99% |
Average DrawdownAverage peak-to-trough decline | -18.29% | -41.23% | +22.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 7.89% | +11.36% |
Volatility
XSLE.DE vs. VVMX.DE - Volatility Comparison
Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) has a higher volatility of 17.13% compared to VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) at 12.59%. This indicates that XSLE.DE's price experiences larger fluctuations and is considered to be riskier than VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 12.59% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 53.94% | 32.22% | +21.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.40% | 46.13% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 36.38% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.05% | 36.38% | -1.33% |
XSLE.DE vs. VVMX.DE - Expense Ratio Comparison
XSLE.DE has a 0.73% expense ratio, which is higher than VVMX.DE's 0.59% expense ratio.
Dividends
XSLE.DE vs. VVMX.DE - Dividend Comparison
Neither XSLE.DE nor VVMX.DE has paid dividends to shareholders.
Frequently Asked Questions
XSLE.DE and VVMX.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVMX.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVMX.DE is cheaper with a 0.59% expense ratio, compared with 0.73% for XSLE.DE.
XSLE.DE is categorized as Silver, while VVMX.DE is Commodity Producers Equities. XSLE.DE tracks LBMA Silver Price (EUR Hedged), while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.73% for XSLE.DE and 0.59% for VVMX.DE.
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