BGRO vs. SLV

Last updated Jun 5, 2026

BGRO (BlackRock Large Cap Growth ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - BGRO is a Large Cap Growth Equities fund actively managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. BGRO is actively managed, while SLV is passively managed. Over the past year, BGRO returned 24.69% vs 113.72% for SLV. At a 0.23 correlation, their price movements are largely independent. BGRO charges 0.55%/yr vs 0.50%/yr for SLV.

Performance

BGRO vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Large Cap Growth ETF (BGRO) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGRO achieves a 13.75% return, which is significantly higher than SLV's 3.97% return.

BGRO

• 1D: 0.03%
• 1M: 7.41%
• YTD: 13.75%
• 6M: 13.14%
• 1Y: 24.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

BGRO vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BGRO BlackRock Large Cap Growth ETF	13.75%	12.37%	10.92%
SLV iShares Silver Trust	3.97%	144.66%	-3.91%

Correlation

The correlation between BGRO 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 (All Time) Calculated using the full available price history since Jun 6, 2024	0.23

BGRO vs. SLV - Sectors Allocation Comparison

Sectors	BGRO	SLV
Technology	50.8%	-
Industrials	13.8%	-
Communication Services	11.8%	-
Consumer Cyclical	10.0%	-
Healthcare	5.3%	-
Real Estate	3.3%	-
Financial Services	1.6%	-
Basic Materials	1.3%	100.0%
Consumer Defensive	1.1%	-
Energy	0.9%	-
Utilities	-	-

Return for Risk

BGRO vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGRO

BGRO Risk / Return Rank: 35
BGRO Sharpe Ratio Rank: 39
BGRO Sortino Ratio Rank: 37
BGRO Omega Ratio Rank: 37
BGRO Calmar Ratio Rank: 29
BGRO Martin Ratio Rank: 32

SLV

SLV Risk / Return Rank: 51
SLV Sharpe Ratio Rank: 59
SLV Sortino Ratio Rank: 42
SLV Omega Ratio Rank: 60
SLV Calmar Ratio Rank: 56
SLV Martin Ratio Rank: 38

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.

BGRO vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Growth ETF (BGRO) 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.

	BGRO	SLV	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.94	-0.58
Sortino ratio: Return per unit of downside risk	1.88	2.10	-0.21
Omega ratio: Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.41	2.69	-1.29
Martin ratio: Return relative to average drawdown	4.71	5.76	-1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGRO vs. SLV - Sharpe Ratio Comparison

The current BGRO Sharpe Ratio is 1.37, which is comparable to the SLV Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of BGRO 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.

Sharpe Ratios by Period

	BGRO	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.94	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.25	+0.57

Drawdowns

BGRO vs. SLV - Drawdown Comparison

The maximum BGRO drawdown since its inception was -24.94%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for BGRO and SLV.

Drawdown Indicators

	BGRO	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-24.94%	-76.28%	+51.34%
Max Drawdown (1Y) Largest decline over 1 year	-17.64%	-42.45%	+24.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.81%	—
Current Drawdown Current decline from peak	-2.02%	-36.57%	+34.55%
Average Drawdown Average peak-to-trough decline	-4.75%	-44.67%	+39.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	19.81%	-14.55%

Volatility

BGRO vs. SLV - Volatility Comparison

The current volatility for BlackRock Large Cap Growth ETF (BGRO) is 4.93%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that BGRO 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.

Volatility by Period

	BGRO	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	16.34%	-11.41%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	58.31%	-44.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	58.90%	-40.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.54%	36.15%	-12.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.54%	31.83%	-8.29%

BGRO vs. SLV - Expense Ratio Comparison

BGRO has a 0.55% expense ratio, which is higher than SLV's 0.50% expense ratio.

Dividends

BGRO vs. SLV - Dividend Comparison

BGRO's dividend yield for the trailing twelve months is around 0.03%, while SLV has not paid dividends to shareholders.

Position	TTM	2025
BGRO BlackRock Large Cap Growth ETF	0.03%	0.04%
SLV iShares Silver Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGRO and SLV in my portfolio?

BGRO 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.

Which is riskier, BGRO or SLV?

SLV has higher volatility (16.34%) compared to BGRO (4.93%). In terms of maximum drawdown, BGRO dropped -24.94% vs SLV's -76.28%.

Which ETF is better, BGRO or SLV?

On 1-year performance, SLV leads with 113.72% vs 24.69% for BGRO. On fees, SLV is cheaper at 0.50% per year. On volatility, BGRO has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BGRO or SLV?

Over the 1-year period, SLV has performed better with a 113.72% return vs 24.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BGRO or SLV?

SLV is cheaper with a 0.50% expense ratio, compared with 0.55% for BGRO.

Which ETF pays a higher dividend yield, BGRO or SLV?

BGRO has the higher dividend yield at 0.03%, compared with 0.00% for SLV.

What is the main difference between BGRO and SLV?

BGRO is categorized as Large Cap Growth Equities, while SLV is Silver. Their fees differ too: 0.55% for BGRO and 0.50% for SLV.

Which has better risk-adjusted returns?

SLV currently has the higher Sharpe Ratio (1.94 vs 1.37), 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.