BELT vs. SLV
BELT (iShares U.S. Select Equity Active ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - BELT is a Large Cap Growth Equities fund actively managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. BELT is actively managed, while SLV is passively managed. Over the past year, BELT returned 22.26% vs 58.79% for SLV. At a 0.25 correlation, their price movements are largely independent. BELT charges 0.75%/yr vs 0.50%/yr for SLV.
Performance
BELT vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, BELT achieves a 15.89% return, which is significantly higher than SLV's -19.62% return.
BELT
- 1D
- -0.28%
- 1M
- -0.57%
- YTD
- 15.89%
- 6M
- 14.46%
- 1Y
- 22.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLV
- 1D
- -7.09%
- 1M
- -24.25%
- YTD
- -19.62%
- 6M
- -20.61%
- 1Y
- 58.79%
- 3Y*
- 36.01%
- 5Y*
- 16.45%
- 10Y*
- 11.85%
BELT vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 15.89% | 12.42% | -1.87% |
SLV iShares Silver Trust | -19.62% | 144.66% | -2.19% |
Correlation
The correlation between BELT and SLV is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.25 |
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Return for Risk
BELT vs. SLV — Risk / Return Rank
BELT
SLV
BELT vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BELT | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.16 | +0.79 |
| Martin ratioReturn relative to average drawdown | 7.50 | 2.66 | +4.84 |
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Drawdowns
BELT vs. SLV - Drawdown Comparison
The maximum BELT drawdown since its inception was -23.05%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for BELT and SLV.
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Drawdown Indicators
| BELT | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.05% | -76.28% | +53.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -50.97% | +39.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.97% | — |
Current DrawdownCurrent decline from peak | -3.29% | -50.97% | +47.68% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -44.66% | +41.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 22.14% | -19.17% |
Volatility
BELT vs. SLV - Volatility Comparison
The current volatility for iShares U.S. Select Equity Active ETF (BELT) is 6.90%, while iShares Silver Trust (SLV) has a volatility of 15.67%. This indicates that BELT 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
| BELT | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 15.67% | -8.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 59.65% | -44.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 60.78% | -42.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 36.73% | -15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 32.16% | -10.74% |
BELT vs. SLV - Expense Ratio Comparison
BELT has a 0.75% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
BELT vs. SLV - Dividend Comparison
BELT's dividend yield for the trailing twelve months is around 0.02%, while SLV has not paid dividends to shareholders.
| Position | TTM |
|---|---|
BELT iShares U.S. Select Equity Active ETF | 0.02% |
SLV iShares Silver Trust | 0.00% |
Frequently Asked Questions
BELT and SLV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (15.67%) compared to BELT (6.90%). In terms of maximum drawdown, BELT dropped -23.05% vs SLV's -76.28%.
On 1-year performance, SLV leads with 58.79% vs 22.26% for BELT. On fees, SLV is cheaper at 0.50% per year. On volatility, BELT has been the lower-risk option at 6.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLV has performed better with a 58.79% return vs 22.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 0.75% for BELT.
BELT has the higher dividend yield at 0.02%, compared with 0.00% for SLV.
BELT is categorized as Large Cap Growth Equities, while SLV is Silver. Their fees differ too: 0.75% for BELT and 0.50% for SLV.
BELT currently has the higher Sharpe Ratio (1.25 vs 0.97), 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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