XSLR.L vs. SSLN.L
XSLR.L (Xtrackers IE Physical Silver ETC Securities) and SSLN.L (iShares Physical Silver ETC) are both Silver funds tracking the LBMA Silver Price, from Xtrackers and iShares respectively. Both are passively managed. Over the past 5 years, XSLR.L returned 21.18%/yr vs 21.59%/yr for SSLN.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XSLR.L vs. SSLN.L - Performance Comparison
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Different Trading Currencies
XSLR.L is traded in USD, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XSLR.L having a 2.41% return and SSLN.L slightly higher at 2.44%.
XSLR.L
- 1D
- -3.30%
- 1M
- -3.04%
- YTD
- 2.41%
- 6M
- 25.05%
- 1Y
- 112.50%
- 3Y*
- 45.43%
- 5Y*
- 21.18%
- 10Y*
- —
SSLN.L
- 1D
- -3.30%
- 1M
- -3.12%
- YTD
- 2.44%
- 6M
- 24.62%
- 1Y
- 112.44%
- 3Y*
- 45.47%
- 5Y*
- 21.59%
- 10Y*
- 15.86%
XSLR.L vs. SSLN.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% |
SSLN.L iShares Physical Silver ETC | 2.44% | 147.64% | 21.15% | -1.25% | 3.38% | -12.44% | 72.74% |
Correlation
The correlation between XSLR.L and SSLN.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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.94 |
The correlation between XSLR.L and SSLN.L has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
XSLR.L vs. SSLN.L — Risk / Return Rank
XSLR.L
SSLN.L
XSLR.L vs. SSLN.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 Silver ETC (SSLN.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 | SSLN.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 | 2.74 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.02 | 6.02 | 0.00 |
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 | SSLN.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 | 0.62 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.12 | +0.71 |
Drawdowns
XSLR.L vs. SSLN.L - Drawdown Comparison
The maximum XSLR.L drawdown since its inception was -40.77%, smaller than the maximum SSLN.L drawdown of -76.85%. Use the drawdown chart below to compare losses from any high point for XSLR.L and SSLN.L.
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Drawdown Indicators
| XSLR.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.77% | -76.85% | +36.08% |
Max Drawdown (1Y)Largest decline over 1 year | -40.77% | -40.85% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -40.77% | -40.85% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -40.77% | -40.85% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.60% | — |
Current DrawdownCurrent decline from peak | -35.69% | -35.76% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -14.88% | -53.91% | +39.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.62% | 18.62% | 0.00% |
Volatility
XSLR.L vs. SSLN.L - Volatility Comparison
Xtrackers IE Physical Silver ETC Securities (XSLR.L) and iShares Physical Silver ETC (SSLN.L) have volatilities of 17.67% and 17.28%, 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.
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Volatility by Period
| XSLR.L | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.67% | 17.28% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 53.52% | 53.52% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.91% | 55.92% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 35.31% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 31.02% | +4.15% |
XSLR.L vs. SSLN.L - Expense Ratio Comparison
Both XSLR.L and SSLN.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XSLR.L vs. SSLN.L - Dividend Comparison
Neither XSLR.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, XSLR.L and SSLN.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSLR.L and SSLN.L have the same expense ratio: 0.20% per year.
Both ETFs track LBMA Silver Price. They also come from different issuers: Xtrackers and iShares.
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