XSOE.DE vs. SLVR.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - XSOE.DE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, XSOE.DE returned 18.45%/yr vs 45.36%/yr for SLVR.DE. At a 0.35 correlation, their price movements are largely independent. XSOE.DE charges 0.32%/yr vs 0.49%/yr for SLVR.DE.
Performance
XSOE.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSOE.DE achieves a 24.59% return, which is significantly higher than SLVR.DE's 1.99% return.
XSOE.DE
- 1D
- -1.43%
- 1M
- 6.23%
- YTD
- 24.59%
- 6M
- 26.89%
- 1Y
- 47.18%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
XSOE.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 16.93% | 10.26% | 6.05% | -5.93% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between XSOE.DE and SLVR.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.35 |
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Return for Risk
XSOE.DE vs. SLVR.DE — Risk / Return Rank
XSOE.DE
SLVR.DE
XSOE.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) and WisdomTree Silver (SLVR.DE). 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.
| XSOE.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.29 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 3.06 | +1.27 |
| Martin ratioReturn relative to average drawdown | 15.99 | 7.37 | +8.62 |
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
| XSOE.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.85 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.68 | -0.24 |
Drawdowns
XSOE.DE vs. SLVR.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, smaller than the maximum SLVR.DE drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and SLVR.DE.
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Drawdown Indicators
| XSOE.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -31.33% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -30.51% | +19.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -30.51% | +10.68% |
Current DrawdownCurrent decline from peak | -2.39% | -24.02% | +21.63% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -12.66% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 12.69% | -9.75% |
Volatility
XSOE.DE vs. SLVR.DE - Volatility Comparison
The current volatility for WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) is 7.20%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that XSOE.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSOE.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 17.06% | -9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 41.25% | -26.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 50.34% | -32.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 38.29% | -21.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 38.29% | -21.02% |
XSOE.DE vs. SLVR.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.
Dividends
XSOE.DE vs. SLVR.DE - Dividend Comparison
Neither XSOE.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
XSOE.DE and SLVR.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSOE.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSOE.DE is cheaper with a 0.32% expense ratio, compared with 0.49% for SLVR.DE.
XSOE.DE is categorized as Emerging Markets Equities, while SLVR.DE is Silver. XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.32% for XSOE.DE and 0.49% for SLVR.DE.
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