AXS vs. SLV
AXS (AXIS Capital Holdings Limited) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, AXS returned 8.63%/yr vs 15.63%/yr for SLV. At a 0.07 correlation, their price movements are largely independent.
Performance
AXS vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, AXS achieves a -10.58% return, which is significantly lower than SLV's 3.97% return. Over the past 10 years, AXS has underperformed SLV with an annualized return of 8.63%, while SLV has yielded a comparatively higher 15.63% annualized return.
AXS
- 1D
- 0.84%
- 1M
- -3.51%
- YTD
- -10.58%
- 6M
- -3.34%
- 1Y
- -7.01%
- 3Y*
- 24.51%
- 5Y*
- 15.68%
- 10Y*
- 8.63%
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%
AXS vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | -10.58% | 22.96% | 63.90% | 5.57% | 2.63% | 11.81% | -11.92% | 18.26% | 5.75% | -20.96% |
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 AXS and SLV is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 1, 2006 | 0.07 |
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Return for Risk
AXS vs. SLV — Risk / Return Rank
AXS
SLV
AXS vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXIS Capital Holdings Limited (AXS) 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.
| AXS | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.36 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.69 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.90 | 5.76 | -6.67 |
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
| AXS | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 1.94 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.58 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.49 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.25 | +0.07 |
Drawdowns
AXS vs. SLV - Drawdown Comparison
The maximum AXS drawdown since its inception was -55.93%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for AXS and SLV.
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Drawdown Indicators
| AXS | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.93% | -76.28% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.73% | -42.45% | +25.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -42.45% | +25.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -42.45% | +23.46% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | -42.81% | -6.50% |
Current DrawdownCurrent decline from peak | -11.94% | -36.57% | +24.63% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -44.67% | +32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | 19.81% | -12.04% |
Volatility
AXS vs. SLV - Volatility Comparison
The current volatility for AXIS Capital Holdings Limited (AXS) is 5.42%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that AXS 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
| AXS | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 16.34% | -10.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 58.31% | -43.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 58.90% | -36.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.92% | 36.15% | -11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 31.83% | -5.30% |
Dividends
AXS vs. SLV - Dividend Comparison
AXS's dividend yield for the trailing twelve months is around 1.85%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXS AXIS Capital Holdings Limited | 1.85% | 1.64% | 1.99% | 3.18% | 3.19% | 3.10% | 3.27% | 2.71% | 3.04% | 3.04% | 2.19% | 2.17% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AXS and SLV have a correlation of -0.02, 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 AXS (5.42%). In terms of maximum drawdown, AXS dropped -55.93% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.94 vs -0.32), 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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