IAUP.L vs. SLV
Compare and contrast key facts about iShares Gold Producers UCITS ETF USD Acc (IAUP.L) and iShares Silver Trust (SLV).
IAUP.L and SLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUP.L is a passively managed fund by iShares that tracks the performance of the S&P Commodity Producers Gold Index. It was launched on Sep 19, 2011. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. Both IAUP.L and SLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IAUP.L vs. SLV - Performance Comparison
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IAUP.L vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAUP.L iShares Gold Producers UCITS ETF USD Acc | 5.63% | 153.95% | 11.53% | 9.39% | -11.06% | -10.31% | 23.60% | 45.64% | -9.60% | 6.75% |
SLV iShares Silver Trust | 5.77% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Returns By Period
The year-to-date returns for both investments are quite close, with IAUP.L having a 5.63% return and SLV slightly higher at 5.77%. Both investments have delivered pretty close results over the past 10 years, with IAUP.L having a 17.46% annualized return and SLV not far behind at 16.87%.
IAUP.L
- 1D
- 2.73%
- 1M
- -21.06%
- YTD
- 5.63%
- 6M
- 20.08%
- 1Y
- 100.53%
- 3Y*
- 42.85%
- 5Y*
- 23.37%
- 10Y*
- 17.46%
SLV
- 1D
- 7.27%
- 1M
- -19.83%
- YTD
- 5.77%
- 6M
- 60.82%
- 1Y
- 119.88%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
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IAUP.L vs. SLV - Expense Ratio Comparison
IAUP.L has a 0.55% expense ratio, which is higher than SLV's 0.50% expense ratio.
Return for Risk
IAUP.L vs. SLV — Risk / Return Rank
IAUP.L
SLV
IAUP.L vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF USD Acc (IAUP.L) 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.
| IAUP.L | SLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 2.11 | +0.19 |
Sortino ratioReturn per unit of downside risk | 2.61 | 2.20 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.37 | 2.82 | +0.54 |
Martin ratioReturn relative to average drawdown | 11.77 | 8.79 | +2.98 |
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
| IAUP.L | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.11 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.54 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.25 | -0.15 |
Correlation
The correlation between IAUP.L and SLV is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IAUP.L vs. SLV - Dividend Comparison
Neither IAUP.L nor SLV has paid dividends to shareholders.
Drawdowns
IAUP.L vs. SLV - Drawdown Comparison
The maximum IAUP.L drawdown since its inception was -79.95%, roughly equal to the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IAUP.L and SLV.
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Drawdown Indicators
| IAUP.L | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.95% | -76.28% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -28.57% | -42.45% | +13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -45.07% | -42.45% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -51.26% | -42.81% | -8.45% |
Current DrawdownCurrent decline from peak | -21.06% | -35.47% | +14.41% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -44.76% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 13.63% | -5.46% |
Volatility
IAUP.L vs. SLV - Volatility Comparison
The current volatility for iShares Gold Producers UCITS ETF USD Acc (IAUP.L) is 17.11%, while iShares Silver Trust (SLV) has a volatility of 18.91%. This indicates that IAUP.L 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
| IAUP.L | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.11% | 18.91% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 35.16% | 57.27% | -22.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.34% | 57.07% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.50% | 35.28% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.57% | 31.36% | +3.21% |