XSLR.DE vs. SSLV.L
XSLR.DE (Xtrackers IE Physical Silver ETC Securities) and SSLV.L (Invesco Physical Silver ETC) are both Silver funds tracking the LBMA Silver Price, from Xtrackers and Invesco respectively. Both are passively managed. Over the past 5 years, XSLR.DE returned 22.38%/yr vs 22.43%/yr for SSLV.L. With a 0.95 correlation, they move nearly in lockstep. XSLR.DE charges 0.20%/yr vs 0.19%/yr for SSLV.L.
Performance
XSLR.DE vs. SSLV.L - Performance Comparison
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Different Trading Currencies
XSLR.DE is traded in EUR, while SSLV.L is traded in USD. To make them comparable, the SSLV.L 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 -2.22% return, which is significantly lower than SSLV.L's 4.07% return.
XSLR.DE
- 1D
- 0.40%
- 1M
- 0.98%
- YTD
- -2.22%
- 6M
- 29.60%
- 1Y
- 110.52%
- 3Y*
- 42.16%
- 5Y*
- 22.38%
- 10Y*
- —
SSLV.L
- 1D
- 0.30%
- 1M
- 0.75%
- YTD
- 4.07%
- 6M
- 29.46%
- 1Y
- 110.29%
- 3Y*
- 42.11%
- 5Y*
- 22.43%
- 10Y*
- 15.59%
XSLR.DE vs. SSLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLR.DE Xtrackers IE Physical Silver ETC Securities | -2.22% | 129.87% | 30.90% | -4.25% | 10.74% | -6.08% | 32.02% |
SSLV.L Invesco Physical Silver ETC | 4.07% | 118.29% | 29.10% | -3.90% | 10.00% | -6.44% | 34.78% |
Correlation
The correlation between XSLR.DE and SSLV.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.95 |
The correlation between XSLR.DE and SSLV.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
XSLR.DE vs. SSLV.L — Risk / Return Rank
XSLR.DE
SSLV.L
XSLR.DE vs. SSLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.DE) and Invesco Physical Silver ETC (SSLV.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.
| XSLR.DE | SSLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.85 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.15 | 6.19 | -0.04 |
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
| XSLR.DE | SSLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.97 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.66 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.16 | +0.59 |
Drawdowns
XSLR.DE vs. SSLV.L - Drawdown Comparison
The maximum XSLR.DE drawdown since its inception was -38.56%, smaller than the maximum SSLV.L drawdown of -65.94%. Use the drawdown chart below to compare losses from any high point for XSLR.DE and SSLV.L.
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Drawdown Indicators
| XSLR.DE | SSLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -65.94% | +27.38% |
Max Drawdown (1Y)Largest decline over 1 year | -38.56% | -38.49% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -38.56% | -38.49% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -38.56% | -38.49% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.26% | — |
Current DrawdownCurrent decline from peak | -33.47% | -33.38% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -40.55% | +28.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.90% | 17.74% | +0.16% |
Volatility
XSLR.DE vs. SSLV.L - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.DE) and Invesco Physical Silver ETC (SSLV.L) have volatilities of 16.38% and 16.95%, 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 | SSLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.38% | 16.95% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 51.92% | 52.88% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.45% | 55.67% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.34% | 34.22% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.14% | 29.78% | +3.36% |
XSLR.DE vs. SSLV.L - Expense Ratio Comparison
XSLR.DE has a 0.20% expense ratio, which is higher than SSLV.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSLR.DE vs. SSLV.L - Dividend Comparison
Neither XSLR.DE nor SSLV.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XSLR.DE and SSLV.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.
On fees, SSLV.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLV.L is cheaper with a 0.19% expense ratio, compared with 0.20% for XSLR.DE.
Both ETFs track LBMA Silver Price. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XSLR.DE and 0.19% for SSLV.L.
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