HUZ.TO vs. SVR-C.TO
HUZ.TO (Global X Silver ETF) and SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) are both Silver funds - HUZ.TO tracks the Solactive Silver Front Month MD Rolling Futures Index while SVR-C.TO tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, HUZ.TO returned 12.04%/yr vs 16.32%/yr for SVR-C.TO. A 0.68 correlation means they provide meaningful diversification when combined. HUZ.TO charges 1.18%/yr vs 0.66%/yr for SVR-C.TO.
Performance
HUZ.TO vs. SVR-C.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUZ.TO achieves a 2.35% return, which is significantly lower than SVR-C.TO's 3.58% return. Over the past 10 years, HUZ.TO has underperformed SVR-C.TO with an annualized return of 12.04%, while SVR-C.TO has yielded a comparatively higher 16.32% annualized return.
HUZ.TO
- 1D
- -2.50%
- 1M
- 0.23%
- YTD
- 2.35%
- 6M
- 22.30%
- 1Y
- 101.00%
- 3Y*
- 40.00%
- 5Y*
- 17.25%
- 10Y*
- 12.04%
SVR-C.TO
- 1D
- -2.08%
- 1M
- 2.36%
- YTD
- 3.58%
- 6M
- 23.35%
- 1Y
- 112.17%
- 3Y*
- 46.44%
- 5Y*
- 24.24%
- 10Y*
- 16.32%
HUZ.TO vs. SVR-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUZ.TO Global X Silver ETF | 2.35% | 129.20% | 18.72% | -3.75% | 1.17% | -15.10% | 39.27% | 12.48% | -11.38% | 2.96% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | 3.58% | 132.91% | 30.61% | -2.65% | 9.31% | -12.72% | 43.88% | 9.28% | -2.35% | -2.30% |
Correlation
The correlation between HUZ.TO and SVR-C.TO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2011 | 0.68 |
Over the past year, HUZ.TO and SVR-C.TO have become more correlated (0.96) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
HUZ.TO vs. SVR-C.TO — Risk / Return Rank
HUZ.TO
SVR-C.TO
HUZ.TO vs. SVR-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver ETF (HUZ.TO) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). 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.
| HUZ.TO | SVR-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.72 | -0.36 |
| Martin ratioReturn relative to average drawdown | 5.07 | 5.83 | -0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HUZ.TO | SVR-C.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.99 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.72 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.56 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.23 | -0.02 |
Drawdowns
HUZ.TO vs. SVR-C.TO - Drawdown Comparison
The maximum HUZ.TO drawdown since its inception was -81.06%, which is greater than SVR-C.TO's maximum drawdown of -61.14%. Use the drawdown chart below to compare losses from any high point for HUZ.TO and SVR-C.TO.
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Drawdown Indicators
| HUZ.TO | SVR-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.06% | -61.14% | -19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -43.11% | -41.54% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -43.11% | -41.54% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -41.54% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -48.84% | -41.54% | -7.30% |
Current DrawdownCurrent decline from peak | -38.13% | -35.92% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -54.91% | -35.58% | -19.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.99% | 19.30% | +0.69% |
Volatility
HUZ.TO vs. SVR-C.TO - Volatility Comparison
Global X Silver ETF (HUZ.TO) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) have volatilities of 16.29% and 16.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUZ.TO | SVR-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.29% | 16.01% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 58.22% | 55.45% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.94% | 56.72% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.28% | 36.57% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.24% | 33.57% | -0.33% |
HUZ.TO vs. SVR-C.TO - Expense Ratio Comparison
HUZ.TO has a 1.18% expense ratio, which is higher than SVR-C.TO's 0.66% expense ratio.
Dividends
HUZ.TO vs. SVR-C.TO - Dividend Comparison
Neither HUZ.TO nor SVR-C.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, HUZ.TO and SVR-C.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SVR-C.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SVR-C.TO is cheaper with a 0.66% expense ratio, compared with 1.18% for HUZ.TO.
HUZ.TO tracks Solactive Silver Front Month MD Rolling Futures Index, while SVR-C.TO tracks LBMA Silver Price. They also come from different issuers: Global X and iShares. Their fees differ too: 1.18% for HUZ.TO and 0.66% for SVR-C.TO.
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