XSLR.DE vs. MNS.TO
XSLR.DE (Xtrackers IE Physical Silver ETC Securities) and MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) are both Silver funds - XSLR.DE tracks the LBMA Silver Price while MNS.TO tracks the N/A (Physical Bullion). Both are passively managed. Over the past 5 years, XSLR.DE returned 18.56%/yr vs 17.83%/yr for MNS.TO. A 0.65 correlation means they provide meaningful diversification when combined. XSLR.DE charges 0.20%/yr vs 0.45%/yr for MNS.TO.
Performance
XSLR.DE vs. MNS.TO - Performance Comparison
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Different Trading Currencies
XSLR.DE is traded in EUR, while MNS.TO is traded in CAD. To make them comparable, the MNS.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSLR.DE achieves a -20.05% return, which is significantly higher than MNS.TO's -23.54% return.
XSLR.DE
- 1D
- 0.00%
- 1M
- -20.17%
- YTD
- -20.05%
- 6M
- -20.05%
- 1Y
- 69.33%
- 3Y*
- 35.30%
- 5Y*
- 18.56%
- 10Y*
- —
MNS.TO
- 1D
- 2.95%
- 1M
- -19.18%
- YTD
- -23.54%
- 6M
- -27.10%
- 1Y
- 64.34%
- 3Y*
- 36.95%
- 5Y*
- 17.83%
- 10Y*
- —
XSLR.DE vs. MNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLR.DE Xtrackers IE Physical Silver ETC Securities | -20.05% | 129.87% | 30.90% | -4.25% | 10.74% | -6.08% | 41.01% |
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -23.54% | 141.14% | 39.29% | -6.44% | 5.13% | -9.09% | 52.13% |
Correlation
The correlation between XSLR.DE and MNS.TO 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 | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020 | 0.65 |
The correlation between XSLR.DE and MNS.TO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
XSLR.DE vs. MNS.TO — Risk / Return Rank
XSLR.DE
MNS.TO
XSLR.DE vs. MNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.DE) and Royal Canadian Mint - Canadian Silver Reserves (MNS.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.
| XSLR.DE | MNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.38 | +0.13 |
| Martin ratioReturn relative to average drawdown | 3.33 | 3.25 | +0.09 |
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Drawdowns
XSLR.DE vs. MNS.TO - Drawdown Comparison
The maximum XSLR.DE drawdown since its inception was -46.29%, roughly equal to the maximum MNS.TO drawdown of -46.95%. Use the drawdown chart below to compare losses from any high point for XSLR.DE and MNS.TO.
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Drawdown Indicators
| XSLR.DE | MNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.29% | -46.95% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -46.29% | -46.95% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -46.29% | -46.95% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -46.29% | -46.95% | +0.66% |
Current DrawdownCurrent decline from peak | -45.60% | -42.80% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -16.18% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 19.89% | +0.97% |
Volatility
XSLR.DE vs. MNS.TO - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.DE) and Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) have volatilities of 14.18% and 13.97%, 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
| XSLR.DE | MNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.18% | 13.97% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 52.94% | 51.25% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.87% | 54.81% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.12% | 34.30% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.04% | 31.15% | +3.89% |
XSLR.DE vs. MNS.TO - Expense Ratio Comparison
XSLR.DE has a 0.20% expense ratio, which is lower than MNS.TO's 0.45% expense ratio.
Dividends
XSLR.DE vs. MNS.TO - Dividend Comparison
Neither XSLR.DE nor MNS.TO has paid dividends to shareholders.
Frequently Asked Questions
XSLR.DE and MNS.TO 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, XSLR.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for MNS.TO.
XSLR.DE tracks LBMA Silver Price, while MNS.TO tracks N/A (Physical Bullion). They also come from different issuers: Xtrackers and Royal Canadian Mint. Their fees differ too: 0.20% for XSLR.DE and 0.45% for MNS.TO.
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