XSLR.L vs. IGLN.L
XSLR.L (Xtrackers IE Physical Silver ETC Securities) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - XSLR.L is a Silver fund tracking the LBMA Silver Price, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, XSLR.L returned 21.18%/yr vs 18.45%/yr for IGLN.L. A 0.74 correlation means they provide meaningful diversification when combined. XSLR.L charges 0.20%/yr vs 0.25%/yr for IGLN.L.
Performance
XSLR.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, XSLR.L achieves a 2.41% return, which is significantly lower than IGLN.L's 3.00% return.
XSLR.L
- 1D
- -3.30%
- 1M
- -3.04%
- YTD
- 2.41%
- 6M
- 25.05%
- 1Y
- 112.50%
- 3Y*
- 45.43%
- 5Y*
- 21.18%
- 10Y*
- —
IGLN.L
- 1D
- -1.45%
- 1M
- -4.23%
- YTD
- 3.00%
- 6M
- 5.09%
- 1Y
- 32.44%
- 3Y*
- 31.11%
- 5Y*
- 18.45%
- 10Y*
- 13.40%
XSLR.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLR.L Xtrackers IE Physical Silver ETC Securities | 2.41% | 147.42% | 21.28% | -0.78% | 3.55% | -13.23% | 73.88% |
IGLN.L iShares Physical Gold ETC | 3.00% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 10.91% |
Correlation
The correlation between XSLR.L and IGLN.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.74 |
The correlation between XSLR.L and IGLN.L has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
XSLR.L vs. IGLN.L — Risk / Return Rank
XSLR.L
IGLN.L
XSLR.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Silver ETC Securities (XSLR.L) and iShares Physical Gold ETC (IGLN.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.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 1.86 | +0.88 |
| Martin ratioReturn relative to average drawdown | 6.02 | 4.85 | +1.16 |
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.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.30 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.06 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.45 | +0.38 |
Drawdowns
XSLR.L vs. IGLN.L - Drawdown Comparison
The maximum XSLR.L drawdown since its inception was -40.77%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for XSLR.L and IGLN.L.
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Drawdown Indicators
| XSLR.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.77% | -45.24% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -40.77% | -17.36% | -23.41% |
Max Drawdown (3Y)Largest decline over 3 years | -40.77% | -17.36% | -23.41% |
Max Drawdown (5Y)Largest decline over 5 years | -40.77% | -21.15% | -19.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -35.69% | -16.23% | -19.46% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -19.80% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.62% | 6.66% | +11.96% |
Volatility
XSLR.L vs. IGLN.L - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a higher volatility of 17.67% compared to iShares Physical Gold ETC (IGLN.L) at 6.40%. This indicates that XSLR.L's price experiences larger fluctuations and is considered to be riskier than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSLR.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.67% | 6.40% | +11.27% |
Volatility (6M)Calculated over the trailing 6-month period | 53.52% | 21.73% | +31.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.91% | 24.79% | +31.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 17.37% | +17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 15.54% | +19.63% |
XSLR.L vs. IGLN.L - Expense Ratio Comparison
XSLR.L has a 0.20% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, 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.L vs. IGLN.L - Dividend Comparison
Neither XSLR.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
XSLR.L and IGLN.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSLR.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
XSLR.L is categorized as Silver, while IGLN.L is Gold. XSLR.L tracks LBMA Silver Price, while IGLN.L tracks LBMA Gold Price. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XSLR.L and 0.25% for IGLN.L.
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