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iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The iShares Silver Bullion ETF (Non-Hedged) (SVR.C) seeks to replicate the performance of the price of silver, net of expenses, by investing directly in unencumbered, physical silver bullion held in 1,000-ounce London Good Delivery bars. The ETF tracks the LBMA Silver Price and does not hedge the Canadian-dollar exposure to the U.S.-dollar-denominated silver price. It is the non-hedged counterpart to the CAD-hedged SVR listing.

Looking to diversify beyond SVR-C.TO? The ETFs below have the lowest correlation with SVR-C.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SVR-C.TO.

Best Diversifiers for SVR-C.TO

7 ETFs have low correlation with SVR-C.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X High Interest Savings ETF (CASH.TO) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CASH.TO
Global X High Interest Savings ETF-0.05-0.02—
100
Money MarketSVR-C.TO vs CASH.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.050.120.13
98
Dividend, Large Cap Value EquitiesSVR-C.TO vs XDIV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF0.130.160.15
98
Canada EquitiesSVR-C.TO vs XEI.TO
XUS.TO
iShares Core S&P 500 Index ETF0.160.110.07
73
S&P 500SVR-C.TO vs XUS.TO
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)0.250.170.13
61
S&P 500SVR-C.TO vs XSP.TO
See all 16 diversifiers for SVR-C.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SVR-C.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVR-C.TO and solid risk/return profiles. The least correlated is Almonty Industries Inc. (AII.TO) (Basic Materials) with a 1Y correlation of 0.29, up from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AII.TO
Almonty Industries Inc.0.290.170.11
96
Basic Materials
PSLV.TO
Sprott Physical Silver Trust0.950.820.74
80
Financial Services

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Diversification Analysis

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Add SVR-C.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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