XSLR.DE vs. SLVO
XSLR.DE (Xtrackers IE Physical Silver ETC Securities) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both Silver funds - XSLR.DE tracks the LBMA Silver Price while SLVO tracks the Credit Suisse NASDAQ Silver FLOWS 106 Index. Both are passively managed. Over the past year, XSLR.DE returned 81.85% vs 34.58% for SLVO. A 0.69 correlation means they provide meaningful diversification when combined. XSLR.DE charges 0.20%/yr vs 0.65%/yr for SLVO.
Performance
XSLR.DE vs. SLVO - Performance Comparison
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Different Trading Currencies
XSLR.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, XSLR.DE achieves a -13.21% return, which is significantly lower than SLVO's -3.08% return.
XSLR.DE
- 1D
- 0.00%
- 1M
- -13.91%
- YTD
- -13.21%
- 6M
- -5.56%
- 1Y
- 81.85%
- 3Y*
- 38.88%
- 5Y*
- 20.65%
- 10Y*
- —
SLVO
- 1D
- 1.68%
- 1M
- -16.23%
- YTD
- -3.08%
- 6M
- -3.02%
- 1Y
- 34.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XSLR.DE vs. SLVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XSLR.DE Xtrackers IE Physical Silver ETC Securities | -13.21% | 129.87% | 0.70% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | -3.08% | 50.88% | 6.29% |
Correlation
The correlation between XSLR.DE and SLVO is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.69 |
The correlation between XSLR.DE and SLVO has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
XSLR.DE vs. SLVO — Risk / Return Rank
XSLR.DE
SLVO
XSLR.DE vs. SLVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.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.
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 | SLVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.80 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.16 | 7.07 | -2.91 |
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Drawdowns
XSLR.DE vs. SLVO - Drawdown Comparison
The maximum XSLR.DE drawdown since its inception was -41.85%, which is greater than SLVO's maximum drawdown of -19.32%. Use the drawdown chart below to compare losses from any high point for XSLR.DE and SLVO.
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Drawdown Indicators
| XSLR.DE | SLVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.85% | -19.32% | -22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -41.85% | -19.32% | -22.53% |
Max Drawdown (3Y)Largest decline over 3 years | -41.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.85% | — | — |
Current DrawdownCurrent decline from peak | -40.95% | -17.97% | -22.98% |
Average DrawdownAverage peak-to-trough decline | -12.54% | -3.54% | -9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.88% | 4.90% | +14.98% |
Volatility
XSLR.DE vs. SLVO - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.DE) has a higher volatility of 13.05% compared to UBS ETRACS Silver Shares Covered Call ETN (SLVO) at 11.86%. This indicates that XSLR.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.
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Volatility by Period
| XSLR.DE | SLVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.05% | 11.86% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 52.59% | 28.74% | +23.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.63% | 30.81% | +28.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.99% | 25.52% | +9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.97% | 25.52% | +9.45% |
XSLR.DE vs. SLVO - Expense Ratio Comparison
XSLR.DE has a 0.20% expense ratio, which is lower than SLVO's 0.65% expense ratio.
Dividends
XSLR.DE vs. SLVO - Dividend Comparison
XSLR.DE has not paid dividends to shareholders, while SLVO's dividend yield for the trailing twelve months is around 70.74%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SLVO UBS ETRACS Silver Shares Covered Call ETN | 70.74% | 19.35% | 14.45% |
XSLR.DE Xtrackers IE Physical Silver ETC Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSLR.DE and SLVO have a correlation of 0.63, 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 0.65% for SLVO.
XSLR.DE tracks LBMA Silver Price, while SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.20% for XSLR.DE and 0.65% for SLVO.
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