XSLR.L vs. PHSP.L
XSLR.L (Xtrackers IE Physical Silver ETC Securities) and PHSP.L (WisdomTree Physical Silver) are both Silver funds tracking the LBMA Silver Price, from Xtrackers and WisdomTree respectively. Both are passively managed. Over the past 5 years, XSLR.L returned 21.18%/yr vs 20.84%/yr for PHSP.L. With a 0.97 correlation, they move nearly in lockstep. XSLR.L charges 0.20%/yr vs 0.49%/yr for PHSP.L.
Performance
XSLR.L vs. PHSP.L - Performance Comparison
Loading charts...
Different Trading Currencies
XSLR.L is traded in USD, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSLR.L achieves a 2.41% return, which is significantly higher than PHSP.L's 2.25% 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*
- —
PHSP.L
- 1D
- -3.33%
- 1M
- -2.78%
- YTD
- 2.25%
- 6M
- 24.40%
- 1Y
- 111.67%
- 3Y*
- 45.05%
- 5Y*
- 20.84%
- 10Y*
- 15.63%
XSLR.L vs. PHSP.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% |
PHSP.L WisdomTree Physical Silver | 2.25% | 147.01% | 20.80% | -1.58% | 3.15% | -12.90% | 73.06% |
Correlation
The correlation between XSLR.L and PHSP.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.97 |
The correlation between XSLR.L and PHSP.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XSLR.L vs. PHSP.L — Risk / Return Rank
XSLR.L
PHSP.L
XSLR.L vs. PHSP.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 WisdomTree Physical Silver (PHSP.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 | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.72 | +0.03 |
| Martin ratioReturn relative to average drawdown | 6.02 | 5.96 | +0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XSLR.L | PHSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.00 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.60 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.27 | +0.56 |
Drawdowns
XSLR.L vs. PHSP.L - Drawdown Comparison
The maximum XSLR.L drawdown since its inception was -40.77%, smaller than the maximum PHSP.L drawdown of -76.98%. Use the drawdown chart below to compare losses from any high point for XSLR.L and PHSP.L.
Loading charts...
Drawdown Indicators
| XSLR.L | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.77% | -76.98% | +36.21% |
Max Drawdown (1Y)Largest decline over 1 year | -40.77% | -40.88% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -40.77% | -40.88% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.77% | -40.88% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.76% | — |
Current DrawdownCurrent decline from peak | -35.69% | -35.84% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -48.35% | +33.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.62% | 18.66% | -0.04% |
Volatility
XSLR.L vs. PHSP.L - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.L) and WisdomTree Physical Silver (PHSP.L) have volatilities of 17.67% and 17.16%, 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.
Loading charts...
Volatility by Period
| XSLR.L | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.67% | 17.16% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 53.52% | 52.88% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.91% | 55.41% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 34.97% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 30.53% | +4.64% |
XSLR.L vs. PHSP.L - Expense Ratio Comparison
XSLR.L has a 0.20% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.
Dividends
XSLR.L vs. PHSP.L - Dividend Comparison
Neither XSLR.L nor PHSP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, XSLR.L and PHSP.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, 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 0.49% for PHSP.L.
Both ETFs track LBMA Silver Price. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.20% for XSLR.L and 0.49% for PHSP.L.
Find the right allocation for XSLR.L and PHSP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer