FALN vs. SLV
FALN (iShares Fallen Angels USD Bond ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - FALN is a High Yield Bonds fund tracking the Bloomberg US High Yield Fallen Angel 3% Capped Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, FALN returned 6.60%/yr vs 12.68%/yr for SLV. At a 0.23 correlation, their price movements are largely independent. FALN charges 0.25%/yr vs 0.50%/yr for SLV.
Performance
FALN vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, FALN achieves a 2.24% return, which is significantly higher than SLV's -13.49% return. Over the past 10 years, FALN has underperformed SLV with an annualized return of 6.60%, while SLV has yielded a comparatively higher 12.68% annualized return.
FALN
- 1D
- 0.00%
- 1M
- 1.07%
- YTD
- 2.24%
- 6M
- 2.42%
- 1Y
- 7.88%
- 3Y*
- 9.39%
- 5Y*
- 3.74%
- 10Y*
- 6.60%
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%
FALN vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 2.24% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
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 FALN and SLV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.23 |
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Return for Risk
FALN vs. SLV — Risk / Return Rank
FALN
SLV
FALN vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) 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.
| FALN | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.47 | +0.53 |
| Martin ratioReturn relative to average drawdown | 8.32 | 3.16 | +5.16 |
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Drawdowns
FALN vs. SLV - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for FALN and SLV.
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Drawdown Indicators
| FALN | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -76.28% | +47.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -47.23% | +43.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -47.23% | +41.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -47.23% | +28.45% |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | -47.23% | +18.01% |
Current DrawdownCurrent decline from peak | -0.11% | -47.23% | +47.12% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -44.65% | +41.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 21.91% | -20.96% |
Volatility
FALN vs. SLV - Volatility Comparison
The current volatility for iShares Fallen Angels USD Bond ETF (FALN) is 1.18%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that FALN 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
| FALN | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 14.34% | -13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 59.27% | -55.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 60.33% | -55.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 36.59% | -29.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 32.09% | -23.17% |
FALN vs. SLV - Expense Ratio Comparison
FALN has a 0.25% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
FALN vs. SLV - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.42%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.42% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
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
FALN and SLV have a correlation of 0.24, 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 FALN (1.18%). In terms of maximum drawdown, FALN dropped -29.22% vs SLV's -76.28%.
On 10-year performance, SLV leads with 12.68% vs 6.60% for FALN. On fees, FALN is cheaper at 0.25% per year. On volatility, FALN has been the lower-risk option at 1.18%. 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 6.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FALN is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
FALN has the higher dividend yield at 6.42%, compared with 0.00% for SLV.
FALN is categorized as High Yield Bonds, while SLV is Silver. FALN tracks Bloomberg US High Yield Fallen Angel 3% Capped Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.25% for FALN and 0.50% for SLV.
FALN currently has the higher Sharpe Ratio (1.72 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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