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AXIA vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AXIA vs. SLV

Last updated Jun 5, 2026

AXIA (AXIA Energia SA) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, AXIA returned 21.21%/yr vs 15.63%/yr for SLV. At a 0.18 correlation, their price movements are largely independent.

Performance

AXIA vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXIA Energia SA (AXIA) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AXIA achieves a 8.95% return, which is significantly higher than SLV's 3.97% return. Over the past 10 years, AXIA has outperformed SLV with an annualized return of 21.21%, while SLV has yielded a comparatively lower 15.63% annualized return.

AXIA

1D
-0.40%
1M
-20.73%
YTD
8.95%
6M
0.99%
1Y
84.99%
3Y*
24.77%
5Y*
10.19%
10Y*
21.21%

SLV

1D
1.16%
1M
1.62%
YTD
3.97%
6M
29.40%
1Y
113.72%
3Y*
45.73%
5Y*
21.04%
10Y*
15.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AXIA vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AXIA
AXIA Energia SA		8.95%121.49%-31.28%9.41%32.73%-6.42%-21.77%50.39%11.40%-16.91%
SLV
iShares Silver Trust		3.97%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%

Correlation

The correlation between AXIA and SLV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2008

0.18

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AXIA Energia SA

iShares Silver Trust

Often compared with AXIA:
AXIA vs. AEGAXIA vs. NLCPAXIA vs. EIXAXIA vs. LNTAXIA vs. SCHDAXIA vs. CEGAXIA vs. CVS
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

AXIA vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AXIA
AXIA Risk / Return Rank: 8888
Overall Rank
AXIA Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
AXIA Sortino Ratio Rank: 8888
Sortino Ratio Rank
AXIA Omega Ratio Rank: 8686
Omega Ratio Rank
AXIA Calmar Ratio Rank: 8484
Calmar Ratio Rank
AXIA Martin Ratio Rank: 8989
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 5151
Overall Rank
SLV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 4242
Sortino Ratio Rank
SLV Omega Ratio Rank: 6060
Omega Ratio Rank
SLV Calmar Ratio Rank: 5656
Calmar Ratio Rank
SLV Martin Ratio Rank: 3838
Martin Ratio Rank
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.

AXIA vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXIA Energia SA (AXIA) and iShares Silver Trust (SLV). 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.

AXIASLVDifference
Sharpe ratioReturn per unit of total volatility
2.41
1.94

+0.47

Sortino ratioReturn per unit of downside risk
2.96
2.10

+0.86

Omega ratioGain probability vs. loss probability

1.38

1.36

+0.02

Calmar ratioReturn relative to maximum drawdown

3.33

2.69

+0.63

Martin ratioReturn relative to average drawdown

11.47

5.76

+5.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXIA vs. SLV - Sharpe Ratio Comparison

The current AXIA Sharpe Ratio is 2.41, which is comparable to the SLV Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of AXIA and SLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AXIASLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

1.94

+0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.58

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.49

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

0.25

-0.19

Drawdowns

AXIA vs. SLV - Drawdown Comparison

The maximum AXIA drawdown since its inception was -93.65%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for AXIA and SLV.

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Drawdown Indicators

AXIASLVDifference

Max Drawdown

Largest peak-to-trough decline

-93.65%

-76.28%

-17.37%

Max Drawdown (1Y)

Largest decline over 1 year

-25.69%

-42.45%

+16.76%

Max Drawdown (3Y)

Largest decline over 3 years

-38.66%

-42.45%

+3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-45.28%

-42.45%

-2.83%

Max Drawdown (10Y)

Largest decline over 10 years

-72.80%

-42.81%

-29.99%

Current Drawdown

Current decline from peak

-25.69%

-36.57%

+10.88%

Average Drawdown

Average peak-to-trough decline

-56.68%

-44.67%

-12.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.43%

19.81%

-12.38%

Volatility

AXIA vs. SLV - Volatility Comparison

The current volatility for AXIA Energia SA (AXIA) is 11.30%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that AXIA experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AXIASLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.30%

16.34%

-5.04%

Volatility (6M)

Calculated over the trailing 6-month period

28.90%

58.31%

-29.41%

Volatility (1Y)

Calculated over the trailing 1-year period

35.48%

58.90%

-23.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.54%

36.15%

+1.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

95.08%

31.83%

+63.25%

Dividends

AXIA vs. SLV - Dividend Comparison

AXIA's dividend yield for the trailing twelve months is around 5.35%, while SLV has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
AXIA
AXIA Energia SA		5.35%7.19%3.85%0.51%1.89%7.32%4.38%2.21%
SLV
iShares Silver Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

AXIA and SLV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLV has higher volatility (16.34%) compared to AXIA (11.30%). In terms of maximum drawdown, AXIA dropped -93.65% vs SLV's -76.28%.

AXIA currently has the higher Sharpe Ratio (2.41 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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