EPOL vs. SLV
EPOL (iShares MSCI Poland ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, EPOL returned 11.95%/yr vs 12.68%/yr for SLV. At a 0.31 correlation, their price movements are largely independent. EPOL charges 0.61%/yr vs 0.50%/yr for SLV.
Performance
EPOL vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, EPOL achieves a 10.88% return, which is significantly higher than SLV's -13.49% return. Over the past 10 years, EPOL has underperformed SLV with an annualized return of 11.95%, while SLV has yielded a comparatively higher 12.68% annualized return.
EPOL
- 1D
- -1.60%
- 1M
- -2.33%
- YTD
- 10.88%
- 6M
- 11.51%
- 1Y
- 36.67%
- 3Y*
- 33.20%
- 5Y*
- 15.75%
- 10Y*
- 11.95%
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
EPOL vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPOL iShares MSCI Poland ETF | 10.88% | 77.34% | -2.61% | 50.70% | -24.62% | 12.21% | -8.38% | -6.13% | -13.76% | 52.43% |
SLV iShares Silver Trust | -13.49% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between EPOL and SLV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 26, 2010 | 0.31 |
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Return for Risk
EPOL vs. SLV — Risk / Return Rank
EPOL
SLV
EPOL vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland ETF (EPOL) 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.
| EPOL | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.47 | +1.87 |
| Martin ratioReturn relative to average drawdown | 9.08 | 3.16 | +5.91 |
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Drawdowns
EPOL vs. SLV - Drawdown Comparison
The maximum EPOL drawdown since its inception was -63.72%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for EPOL and SLV.
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Drawdown Indicators
| EPOL | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.72% | -76.28% | +12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -47.23% | +36.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | -47.23% | +25.42% |
Max Drawdown (5Y)Largest decline over 5 years | -54.21% | -47.23% | -6.98% |
Max Drawdown (10Y)Largest decline over 10 years | -61.41% | -47.23% | -14.18% |
Current DrawdownCurrent decline from peak | -4.82% | -47.23% | +42.41% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -44.65% | +17.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 21.91% | -17.86% |
Volatility
EPOL vs. SLV - Volatility Comparison
The current volatility for iShares MSCI Poland ETF (EPOL) is 7.54%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that EPOL 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
| EPOL | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 14.34% | -6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 59.27% | -40.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 60.33% | -36.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.18% | 36.59% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 32.09% | -4.66% |
EPOL vs. SLV - Expense Ratio Comparison
EPOL has a 0.61% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
EPOL vs. SLV - Dividend Comparison
EPOL's dividend yield for the trailing twelve months is around 3.80%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPOL iShares MSCI Poland ETF | 3.80% | 4.78% | 6.04% | 2.87% | 2.65% | 1.33% | 1.44% | 2.51% | 1.44% | 1.88% | 2.14% | 2.53% |
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
EPOL and SLV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to EPOL (7.54%). In terms of maximum drawdown, EPOL dropped -63.72% vs SLV's -76.28%.
On 10-year performance, SLV leads with 12.68% vs 11.95% for EPOL. On fees, SLV is cheaper at 0.50% per year. On volatility, EPOL has been the lower-risk option at 7.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 12.68% return vs 11.95%. 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 0.61% for EPOL.
EPOL has the higher dividend yield at 3.80%, compared with 0.00% for SLV.
EPOL is categorized as Europe Equities, while SLV is Silver. EPOL tracks MSCI Poland Investable Market Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.61% for EPOL and 0.50% for SLV.
EPOL currently has the higher Sharpe Ratio (1.55 vs 1.15), 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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