XSLR.L vs. IWQU.L
XSLR.L (Xtrackers IE Physical Silver ETC Securities) and IWQU.L (iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)) are both exchange-traded funds - XSLR.L is a Silver fund tracking the LBMA Silver Price, while IWQU.L is a Global Equities fund tracking the MSCI World Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, XSLR.L returned 17.28%/yr vs 10.15%/yr for IWQU.L. At a 0.30 correlation, their price movements are largely independent. XSLR.L charges 0.20%/yr vs 0.25%/yr for IWQU.L.
Performance
XSLR.L vs. IWQU.L - Performance Comparison
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Returns By Period
In the year-to-date period, XSLR.L achieves a -19.56% return, which is significantly lower than IWQU.L's 10.59% return.
XSLR.L
- 1D
- -2.55%
- 1M
- -18.36%
- 6M
- -37.22%
- YTD
- -19.56%
- 1Y
- 52.62%
- 3Y*
- 32.06%
- 5Y*
- 17.28%
- 10Y*
- —
IWQU.L
- 1D
- 0.42%
- 1M
- 0.72%
- 6M
- 8.98%
- YTD
- 10.59%
- 1Y
- 21.00%
- 3Y*
- 16.94%
- 5Y*
- 10.15%
- 10Y*
- 12.43%
XSLR.L vs. IWQU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XSLR.L Xtrackers IE Physical Silver ETC Securities | -19.56% | 147.42% | 21.26% | -0.77% | 3.39% | -13.10% | 73.88% |
IWQU.L iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) | 10.59% | 15.28% | 17.17% | 25.90% | -19.26% | 23.70% | 29.38% |
Correlation
The correlation between XSLR.L and IWQU.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020 | 0.31 |
The correlation between XSLR.L and IWQU.L shifts across timeframes, from 0.30 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSLR.L vs. IWQU.L — Risk / Return Rank
XSLR.L
IWQU.L
XSLR.L vs. IWQU.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 Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.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.
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.L | IWQU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.45 | -1.40 |
| Martin ratioReturn relative to average drawdown | 2.17 | 10.10 | -7.93 |
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Drawdowns
XSLR.L vs. IWQU.L - Drawdown Comparison
The maximum XSLR.L drawdown since its inception was -49.70%, which is greater than IWQU.L's maximum drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for XSLR.L and IWQU.L.
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Drawdown Indicators
| XSLR.L | IWQU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.70% | -33.05% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -49.70% | -8.53% | -41.17% |
Max Drawdown (3Y)Largest decline over 3 years | -49.70% | -16.09% | -33.61% |
Max Drawdown (5Y)Largest decline over 5 years | -49.70% | -27.70% | -22.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.05% | — |
Current DrawdownCurrent decline from peak | -49.49% | 0.00% | -49.49% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -4.56% | -10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.18% | 2.07% | +22.11% |
Volatility
XSLR.L vs. IWQU.L - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a higher volatility of 14.53% compared to iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L) at 2.94%. This indicates that XSLR.L's price experiences larger fluctuations and is considered to be riskier than IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.53% | 2.94% | +11.59% |
Volatility (6M)Calculated over the trailing 6-month period | 52.59% | 9.31% | +43.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.20% | 11.62% | +46.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.91% | 15.62% | +20.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.46% | 15.63% | +19.83% |
XSLR.L vs. IWQU.L - Expense Ratio Comparison
XSLR.L has a 0.20% expense ratio, which is lower than IWQU.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. IWQU.L - Dividend Comparison
Neither XSLR.L nor IWQU.L has paid dividends to shareholders.
Frequently Asked Questions
XSLR.L and IWQU.L have a correlation of 0.44, 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 IWQU.L.
XSLR.L is categorized as Silver, while IWQU.L is Global Equities. XSLR.L tracks LBMA Silver Price, while IWQU.L tracks MSCI World Sector Neutral Quality Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XSLR.L and 0.25% for IWQU.L.
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