PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

iShares Silver Bullion ETF (SVR.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The iShares Silver Bullion ETF (SVR) provides CAD-hedged exposure to the spot price of silver, as measured by the LBMA Silver Price. The ETF holds unencumbered silver bullion in 1,000 troy ounce international bar sizes, stored in secured vaults. It has a management expense ratio of 0.66%, was launched on July 15, 2009, and is managed by BlackRock Canada. The fund hedges its silver exposure back to the Canadian dollar to reduce currency risk for Canadian investors.

Looking to diversify beyond SVR.TO? The ETFs below have the lowest correlation with SVR.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.TO.

Best Diversifiers for SVR.TO

42 ETFs have low correlation with SVR.TO (below 0.3), 3 of which are negatively correlated. The least correlated is Global X 0-3 Month T-Bill ETF (CBIL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.06-0.000.01
99
Canadian Government BondsSVR.TO vs CBIL.TO
CMR.TO
iShares Premium Money Market ETF-0.04-0.07-0.03
99
Money MarketSVR.TO vs CMR.TO
CASH.TO
Global X High Interest Savings ETF-0.03-0.02-0.01
100
Money MarketSVR.TO vs CASH.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...0.02——
88
Oil & Gas, Derivative IncomeSVR.TO vs ENCL.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.050.160.20
98
Dividend, Large Cap Value EquitiesSVR.TO vs XDIV.TO
See all 62 diversifiers for SVR.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SVR.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVR.TO and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB.TO) (Energy) with a 1Y correlation of -0.00, down from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ENB.TO
Enbridge Inc.-0.000.080.13
85
Energy
CNQ.TO
Canadian Natural Resources Limited0.010.080.14
88
Energy
DFN.TO
Dividend 15 Split Corp.0.190.190.19
96
Financial Services
TD.TO
The Toronto-Dominion Bank0.220.190.17
98
Financial Services
AII.TO
Almonty Industries Inc.0.300.190.14
96
Basic Materials
See all 8 low-correlation stocks for SVR.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements SVR.TO

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

Analyze a portfolio with SVR.TO