XSLR.L vs. PPDX.L
XSLR.L (Xtrackers IE Physical Silver ETC Securities) and PPDX.L (WisdomTree Physical Palladium) are both exchange-traded funds - XSLR.L is a Silver fund tracking the LBMA Silver Price, while PPDX.L is a Precious Metals fund tracking the LBMA Palladium Price. Both are passively managed. Over the past 5 years, XSLR.L returned 17.28%/yr vs -19.21%/yr for PPDX.L. At a 0.45 correlation, their price movements are largely independent. XSLR.L charges 0.20%/yr vs 0.49%/yr for PPDX.L.
Performance
XSLR.L vs. PPDX.L - Performance Comparison
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Different Trading Currencies
XSLR.L is traded in USD, while PPDX.L is traded in GBp. To make them comparable, the PPDX.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 -19.56% return, which is significantly lower than PPDX.L's -17.46% 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*
- —
PPDX.L
- 1D
- 0.00%
- 1M
- -3.96%
- 6M
- -29.26%
- YTD
- -17.46%
- 1Y
- 8.98%
- 3Y*
- 0.85%
- 5Y*
- -19.21%
- 10Y*
- 3.94%
XSLR.L vs. PPDX.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% |
PPDX.L WisdomTree Physical Palladium | -17.46% | 74.24% | -19.47% | -48.44% | -17.58% | -19.78% | 37.55% |
Correlation
The correlation between XSLR.L and PPDX.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020 | 0.45 |
Over the past year, XSLR.L and PPDX.L have become more correlated (0.66) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
XSLR.L vs. PPDX.L — Risk / Return Rank
XSLR.L
PPDX.L
XSLR.L vs. PPDX.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 Palladium (PPDX.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 | PPDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.20 | +0.85 |
| Martin ratioReturn relative to average drawdown | 2.17 | 0.40 | +1.77 |
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Drawdowns
XSLR.L vs. PPDX.L - Drawdown Comparison
The maximum XSLR.L drawdown since its inception was -49.70%, smaller than the maximum PPDX.L drawdown of -79.90%. Use the drawdown chart below to compare losses from any high point for XSLR.L and PPDX.L.
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Drawdown Indicators
| XSLR.L | PPDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.70% | -79.90% | +30.20% |
Max Drawdown (1Y)Largest decline over 1 year | -49.70% | -45.07% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -49.70% | -45.07% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -49.70% | -78.48% | +28.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.90% | — |
Current DrawdownCurrent decline from peak | -49.49% | -69.62% | +20.13% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -32.61% | +17.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.18% | 22.49% | +1.69% |
Volatility
XSLR.L vs. PPDX.L - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a higher volatility of 14.53% compared to WisdomTree Physical Palladium (PPDX.L) at 11.70%. This indicates that XSLR.L's price experiences larger fluctuations and is considered to be riskier than PPDX.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 | PPDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.53% | 11.70% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 52.59% | 34.77% | +17.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.20% | 45.75% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.91% | 45.69% | -9.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.46% | 40.71% | -5.25% |
XSLR.L vs. PPDX.L - Expense Ratio Comparison
XSLR.L has a 0.20% expense ratio, which is lower than PPDX.L's 0.49% expense ratio.
Dividends
XSLR.L vs. PPDX.L - Dividend Comparison
Neither XSLR.L nor PPDX.L has paid dividends to shareholders.
Frequently Asked Questions
XSLR.L and PPDX.L have a correlation of 0.66, 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 0.49% for PPDX.L.
XSLR.L is categorized as Silver, while PPDX.L is Precious Metals. XSLR.L tracks LBMA Silver Price, while PPDX.L tracks LBMA Palladium Price. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.20% for XSLR.L and 0.49% for PPDX.L.
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