XSLR.DE vs. XSLE.DE
XSLR.DE (Xtrackers IE Physical Silver ETC Securities) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both Silver funds from Xtrackers - XSLR.DE tracks the LBMA Silver Price while XSLE.DE tracks the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, XSLR.DE returned 18.56%/yr vs 12.87%/yr for XSLE.DE. Their correlation of 0.94 suggests significant overlap in exposure. XSLR.DE charges 0.20%/yr vs 0.73%/yr for XSLE.DE.
Performance
XSLR.DE vs. XSLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSLR.DE achieves a -20.05% return, which is significantly higher than XSLE.DE's -26.25% 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*
- —
XSLE.DE
- 1D
- 0.00%
- 1M
- -24.10%
- YTD
- -26.25%
- 6M
- -26.25%
- 1Y
- 53.24%
- 3Y*
- 31.27%
- 5Y*
- 12.87%
- 10Y*
- —
XSLR.DE vs. XSLE.DE - 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% | 37.45% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -26.25% | 149.28% | 20.14% | -4.86% | 0.29% | -15.30% | 66.03% |
Correlation
The correlation between XSLR.DE and XSLE.DE 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.94 |
The correlation between XSLR.DE and XSLE.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
XSLR.DE vs. XSLE.DE — Risk / Return Rank
XSLR.DE
XSLE.DE
XSLR.DE vs. XSLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.DE) and Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.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.
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 | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.05 | +0.45 |
| Martin ratioReturn relative to average drawdown | 3.33 | 2.34 | +0.99 |
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Drawdowns
XSLR.DE vs. XSLE.DE - Drawdown Comparison
The maximum XSLR.DE drawdown since its inception was -46.29%, smaller than the maximum XSLE.DE drawdown of -50.39%. Use the drawdown chart below to compare losses from any high point for XSLR.DE and XSLE.DE.
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Drawdown Indicators
| XSLR.DE | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.29% | -50.39% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -46.29% | -50.39% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -46.29% | -50.39% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -46.29% | -50.39% | +4.10% |
Current DrawdownCurrent decline from peak | -45.60% | -50.39% | +4.79% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -18.56% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 22.66% | -1.80% |
Volatility
XSLR.DE vs. XSLE.DE - Volatility Comparison
The current volatility for Xtrackers IE Physical Silver ETC Securities (XSLR.DE) is 14.18%, while Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) has a volatility of 15.37%. This indicates that XSLR.DE experiences smaller price fluctuations and is considered to be less risky than XSLE.DE 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 | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.18% | 15.37% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 52.94% | 55.02% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.87% | 58.27% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.12% | 35.72% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.04% | 35.55% | -0.51% |
XSLR.DE vs. XSLE.DE - Expense Ratio Comparison
XSLR.DE has a 0.20% expense ratio, which is lower than XSLE.DE's 0.73% expense ratio.
Dividends
XSLR.DE vs. XSLE.DE - Dividend Comparison
Neither XSLR.DE nor XSLE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XSLR.DE and XSLE.DE 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, 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 0.73% for XSLE.DE.
XSLR.DE tracks LBMA Silver Price, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). Their fees differ too: 0.20% for XSLR.DE and 0.73% for XSLE.DE.
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