XSLR.L vs. SLVI.L

Last updated Jun 4, 2026

XSLR.L (Xtrackers IE Physical Silver ETC Securities) and SLVI.L (IncomeShares Silver+ Yield ETP) are both Silver funds. XSLR.L is passively managed, while SLVI.L is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. XSLR.L charges 0.20%/yr vs 0.35%/yr for SLVI.L.

Performance

XSLR.L vs. SLVI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers IE Physical Silver ETC Securities (XSLR.L) and IncomeShares Silver+ Yield ETP (SLVI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSLR.L achieves a 2.41% return, which is significantly higher than SLVI.L's -3.63% 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*: —

SLVI.L

• 1D: -3.15%
• 1M: -2.99%
• YTD: -3.63%
• 6M: 15.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XSLR.L vs. SLVI.L - Yearly Performance Comparison

	2026 (YTD)	2025
XSLR.L Xtrackers IE Physical Silver ETC Securities	2.41%	99.03%
SLVI.L IncomeShares Silver+ Yield ETP	-3.63%	73.06%

Correlation

The correlation between XSLR.L and SLVI.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.93

Return for Risk

XSLR.L vs. SLVI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSLR.L

XSLR.L Risk / Return Rank: 52
XSLR.L Sharpe Ratio Rank: 60
XSLR.L Sortino Ratio Rank: 47
XSLR.L Omega Ratio Rank: 57
XSLR.L Calmar Ratio Rank: 56
XSLR.L Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSLR.L vs. SLVI.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 IncomeShares Silver+ Yield ETP (SLVI.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	SLVI.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.74	—	—
Martin ratio: Return relative to average drawdown	6.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XSLR.L	SLVI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.44	-0.61

Drawdowns

XSLR.L vs. SLVI.L - Drawdown Comparison

The maximum XSLR.L drawdown since its inception was -40.77%, which is greater than SLVI.L's maximum drawdown of -37.77%. Use the drawdown chart below to compare losses from any high point for XSLR.L and SLVI.L.

Drawdown Indicators

	XSLR.L	SLVI.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.77%	-37.77%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-40.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.77%	—	—
Current Drawdown Current decline from peak	-35.69%	-34.44%	-1.25%
Average Drawdown Average peak-to-trough decline	-14.88%	-12.19%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.62%	—	—

Volatility

Volatility by Period

	XSLR.L	SLVI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.91%	50.97%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.24%	50.97%	-15.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.17%	50.97%	-15.80%

XSLR.L vs. SLVI.L - Expense Ratio Comparison

XSLR.L has a 0.20% expense ratio, which is lower than SLVI.L's 0.35% expense ratio.

Dividends

XSLR.L vs. SLVI.L - Dividend Comparison

XSLR.L has not paid dividends to shareholders, while SLVI.L's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
SLVI.L IncomeShares Silver+ Yield ETP	0.11%	0.02%
XSLR.L Xtrackers IE Physical Silver ETC Securities	0.00%	0.00%

Frequently Asked Questions

Can I hold both XSLR.L and SLVI.L in my portfolio?

With a correlation of 0.93, XSLR.L and SLVI.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.

Which ETF is better, XSLR.L or SLVI.L?

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.

Which ETF is cheaper, XSLR.L or SLVI.L?

XSLR.L is cheaper with a 0.20% expense ratio, compared with 0.35% for SLVI.L.

What is the main difference between XSLR.L and SLVI.L?

They also come from different issuers: Xtrackers and IncomeShares. Their fees differ too: 0.20% for XSLR.L and 0.35% for SLVI.L.