XSLR.L vs. XGDU.L

Last updated Jun 4, 2026

XSLR.L (Xtrackers IE Physical Silver ETC Securities) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both exchange-traded funds - XSLR.L is a Silver fund tracking the LBMA Silver Price, while XGDU.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, XSLR.L returned 21.18%/yr vs 18.47%/yr for XGDU.L. A 0.74 correlation means they provide meaningful diversification when combined. XSLR.L charges 0.20%/yr vs 0.12%/yr for XGDU.L.

Performance

XSLR.L vs. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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 lower than XGDU.L's 3.17% 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*: —

XGDU.L

• 1D: -1.33%
• 1M: -4.13%
• YTD: 3.17%
• 6M: 5.31%
• 1Y: 32.57%
• 3Y*: 31.16%
• 5Y*: 18.47%
• 10Y*: —

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

XSLR.L vs. XGDU.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%
XGDU.L Xtrackers IE Physical Gold ETC Securities	3.17%	64.71%	26.20%	13.45%	0.32%	-3.91%	10.37%

Correlation

The correlation between XSLR.L and XGDU.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020	0.74

The correlation between XSLR.L and XGDU.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.

Return for Risk

XSLR.L vs. XGDU.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

XGDU.L

XGDU.L Risk / Return Rank: 35
XGDU.L Sharpe Ratio Rank: 36
XGDU.L Sortino Ratio Rank: 32
XGDU.L Omega Ratio Rank: 38
XGDU.L Calmar Ratio Rank: 38
XGDU.L Martin Ratio Rank: 32

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. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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	XGDU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.30	+0.70
Sortino ratio: Return per unit of downside risk	2.33	1.74	+0.59
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.10
Calmar ratio: Return relative to maximum drawdown	2.74	1.86	+0.89
Martin ratio: Return relative to average drawdown	6.02	4.82	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSLR.L vs. XGDU.L - Sharpe Ratio Comparison

The current XSLR.L Sharpe Ratio is 2.00, which is higher than the XGDU.L Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of XSLR.L and XGDU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSLR.L	XGDU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.30	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.07	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.00	-0.17

Drawdowns

XSLR.L vs. XGDU.L - Drawdown Comparison

The maximum XSLR.L drawdown since its inception was -40.77%, which is greater than XGDU.L's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for XSLR.L and XGDU.L.

Drawdown Indicators

	XSLR.L	XGDU.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.77%	-21.59%	-19.18%
Max Drawdown (1Y) Largest decline over 1 year	-40.77%	-17.47%	-23.30%
Max Drawdown (3Y) Largest decline over 3 years	-40.77%	-17.47%	-23.30%
Max Drawdown (5Y) Largest decline over 5 years	-40.77%	-21.00%	-19.77%
Current Drawdown Current decline from peak	-35.69%	-16.30%	-19.39%
Average Drawdown Average peak-to-trough decline	-14.88%	-7.31%	-7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.62%	6.74%	+11.88%

Volatility

XSLR.L vs. XGDU.L - Volatility Comparison

Xtrackers IE Physical Silver ETC Securities (XSLR.L) has a higher volatility of 17.67% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.L) at 6.44%. This indicates that XSLR.L's price experiences larger fluctuations and is considered to be riskier than XGDU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSLR.L	XGDU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	6.44%	+11.23%
Volatility (6M) Calculated over the trailing 6-month period	53.52%	21.85%	+31.67%
Volatility (1Y) Calculated over the trailing 1-year period	55.91%	24.88%	+31.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.24%	17.33%	+17.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.17%	17.32%	+17.85%

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

XSLR.L has a 0.20% expense ratio, which is higher than XGDU.L's 0.12% expense ratio. However, 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. XGDU.L - Dividend Comparison

Neither XSLR.L nor XGDU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

XSLR.L and XGDU.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.20% for XSLR.L.

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

XSLR.L is categorized as Silver, while XGDU.L is Precious Metals. XSLR.L tracks LBMA Silver Price, while XGDU.L tracks Gold. Their fees differ too: 0.20% for XSLR.L and 0.12% for XGDU.L.