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ET vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ET vs. SLV

Last updated Jun 13, 2026

ET (Energy Transfer LP) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, ET returned 13.14%/yr vs 13.99%/yr for SLV. At a 0.14 correlation, their price movements are largely independent.

Performance

ET vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Energy Transfer LP (ET) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ET achieves a 19.85% return, which is significantly higher than SLV's -4.86% return. Over the past 10 years, ET has underperformed SLV with an annualized return of 13.14%, while SLV has yielded a comparatively higher 13.99% annualized return.

ET

1D
1.65%
1M
-5.12%
YTD
19.85%
6M
19.34%
1Y
11.35%
3Y*
24.04%
5Y*
20.15%
10Y*
13.14%

SLV

1D
0.77%
1M
-22.76%
YTD
-4.86%
6M
9.25%
1Y
85.39%
3Y*
41.27%
5Y*
18.83%
10Y*
13.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ET vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ET
Energy Transfer LP		19.85%-9.37%53.87%27.87%55.74%42.96%-44.92%5.88%-17.74%-4.66%
SLV
iShares Silver Trust		-4.86%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%

Correlation

The correlation between ET 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

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2006

0.14

The correlation between ET and SLV shifts across timeframes, from 0.02 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.

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Energy Transfer LP

iShares Silver Trust

Often compared with ET:
ET vs. ENBET vs. KMIET vs. PAAET vs. WESET vs. WMBET vs. EQTET vs. AMLP
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

ET vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ET
ET Risk / Return Rank: 6363
Overall Rank
ET Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
ET Sortino Ratio Rank: 6060
Sortino Ratio Rank
ET Omega Ratio Rank: 5656
Omega Ratio Rank
ET Calmar Ratio Rank: 6767
Calmar Ratio Rank
ET Martin Ratio Rank: 6767
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 4242
Overall Rank
SLV Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3838
Sortino Ratio Rank
SLV Omega Ratio Rank: 5353
Omega Ratio Rank
SLV Calmar Ratio Rank: 4343
Calmar Ratio Rank
SLV Martin Ratio Rank: 3232
Martin Ratio Rank
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.

ET vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) 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.

ETSLVDifference
Sharpe ratioReturn per unit of total volatility
0.71
1.44

-0.73

Sortino ratioReturn per unit of downside risk
1.16
1.76

-0.60

Omega ratioGain probability vs. loss probability

1.13

1.29

-0.16

Calmar ratioReturn relative to maximum drawdown

1.22

1.89

-0.68

Martin ratioReturn relative to average drawdown

2.70

4.10

-1.41

ET vs. SLV - Sharpe Ratio Comparison

The current ET Sharpe Ratio is 0.71, which is lower than the SLV Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of ET 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.

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Drawdowns

ET vs. SLV - Drawdown Comparison

The maximum ET drawdown since its inception was -87.81%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ET and SLV.

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Drawdown Indicators

ETSLVDifference

Max Drawdown

Largest peak-to-trough decline

-87.81%

-76.28%

-11.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.38%

-45.40%

+36.02%

Max Drawdown (3Y)

Largest decline over 3 years

-24.56%

-45.40%

+20.84%

Max Drawdown (5Y)

Largest decline over 5 years

-25.82%

-45.40%

+19.58%

Max Drawdown (10Y)

Largest decline over 10 years

-72.82%

-45.40%

-27.42%

Current Drawdown

Current decline from peak

-6.47%

-41.96%

+35.49%

Average Drawdown

Average peak-to-trough decline

-25.72%

-44.66%

+18.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.65%

20.88%

-16.23%

Volatility

ET vs. SLV - Volatility Comparison

The current volatility for Energy Transfer LP (ET) is 5.08%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that ET 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

ETSLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.08%

16.34%

-11.26%

Volatility (6M)

Calculated over the trailing 6-month period

12.03%

59.10%

-47.07%

Volatility (1Y)

Calculated over the trailing 1-year period

16.13%

59.82%

-43.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.86%

36.46%

-11.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.99%

32.00%

+2.99%

Dividends

ET vs. SLV - Dividend Comparison

ET's dividend yield for the trailing twelve months is around 7.00%, while SLV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ET
Energy Transfer LP		7.00%7.97%6.51%8.95%7.33%7.41%17.27%9.51%9.24%6.66%5.90%7.42%
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

ET 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 ET (5.08%). In terms of maximum drawdown, ET dropped -87.81% vs SLV's -76.28%.

SLV currently has the higher Sharpe Ratio (1.44 vs 0.71), 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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