ESGE vs. SLV
ESGE (iShares ESG Aware MSCI EM ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, ESGE returned 6.26%/yr vs 18.31%/yr for SLV. At a 0.34 correlation, their price movements are largely independent. ESGE charges 0.25%/yr vs 0.50%/yr for SLV.
Performance
ESGE vs. SLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGE achieves a 22.27% return, which is significantly higher than SLV's -13.49% return.
ESGE
- 1D
- -5.62%
- 1M
- 2.83%
- YTD
- 22.27%
- 6M
- 23.13%
- 1Y
- 44.92%
- 3Y*
- 22.70%
- 5Y*
- 6.26%
- 10Y*
- —
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%
ESGE vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 22.27% | 35.86% | 6.63% | 9.51% | -22.41% | -2.87% | 18.60% | 20.37% | -15.24% | 38.86% |
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 ESGE and SLV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2016 | 0.34 |
The correlation between ESGE and SLV shifts across timeframes, from 0.34 (all time) to 0.45 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESGE vs. SLV — Risk / Return Rank
ESGE
SLV
ESGE vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) 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.
| ESGE | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.47 | +1.78 |
| Martin ratioReturn relative to average drawdown | 12.10 | 3.16 | +8.93 |
Loading charts...
Drawdowns
ESGE vs. SLV - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ESGE and SLV.
Loading charts...
Drawdown Indicators
| ESGE | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.07% | -76.28% | +35.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -47.23% | +33.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -47.23% | +30.52% |
Max Drawdown (5Y)Largest decline over 5 years | -39.18% | -47.23% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.23% | — |
Current DrawdownCurrent decline from peak | -5.62% | -47.23% | +41.61% |
Average DrawdownAverage peak-to-trough decline | -14.41% | -44.65% | +30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 21.91% | -18.19% |
Volatility
ESGE vs. SLV - Volatility Comparison
The current volatility for iShares ESG Aware MSCI EM ETF (ESGE) is 12.44%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that ESGE 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.
Loading charts...
Volatility by Period
| ESGE | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.44% | 14.34% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 20.66% | 59.27% | -38.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 60.33% | -37.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 36.59% | -16.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 32.09% | -11.90% |
ESGE vs. SLV - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
ESGE vs. SLV - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.12%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.12% | 2.50% | 2.41% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
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% |
Frequently Asked Questions
ESGE and SLV have a correlation of 0.45, 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 ESGE (12.44%). In terms of maximum drawdown, ESGE dropped -41.07% vs SLV's -76.28%.
On 5-year performance, SLV leads with 18.31% vs 6.26% for ESGE. On fees, ESGE is cheaper at 0.25% per year. On volatility, ESGE has been the lower-risk option at 12.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SLV has performed better with a 18.31% return vs 6.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESGE is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
ESGE has the higher dividend yield at 2.12%, compared with 0.00% for SLV.
ESGE is categorized as Emerging Markets Equities, while SLV is Silver. ESGE tracks MSCI EM Extended ESG Focus Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.25% for ESGE and 0.50% for SLV.
ESGE currently has the higher Sharpe Ratio (1.98 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.
Find the right allocation for ESGE and SLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer