IBAT vs. SLV
IBAT (iShares Energy Storage & Materials ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IBAT is a Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, IBAT returned 118.21% vs 69.08% for SLV. At a 0.34 correlation, their price movements are largely independent. IBAT charges 0.47%/yr vs 0.50%/yr for SLV.
Performance
IBAT vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IBAT achieves a 57.07% return, which is significantly higher than SLV's -13.49% return.
IBAT
- 1D
- -6.13%
- 1M
- -0.00%
- YTD
- 57.07%
- 6M
- 55.05%
- 1Y
- 118.21%
- 3Y*
- —
- 5Y*
- —
- 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%
IBAT vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 57.07% | 32.09% | -13.29% |
SLV iShares Silver Trust | -13.49% | 144.66% | 13.05% |
Correlation
The correlation between IBAT and SLV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.34 |
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Return for Risk
IBAT vs. SLV — Risk / Return Rank
IBAT
SLV
IBAT vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) 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.
| IBAT | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.25 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 8.67 | 1.47 | +7.20 |
| Martin ratioReturn relative to average drawdown | 24.09 | 3.16 | +20.93 |
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Drawdowns
IBAT vs. SLV - Drawdown Comparison
The maximum IBAT drawdown since its inception was -28.26%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IBAT and SLV.
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Drawdown Indicators
| IBAT | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.26% | -76.28% | +48.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -47.23% | +33.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.23% | — |
Current DrawdownCurrent decline from peak | -6.13% | -47.23% | +41.10% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -44.65% | +36.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 21.91% | -16.98% |
Volatility
IBAT vs. SLV - Volatility Comparison
iShares Energy Storage & Materials ETF (IBAT) and iShares Silver Trust (SLV) have volatilities of 14.59% and 14.34%, 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
| IBAT | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 14.34% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 59.27% | -35.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.95% | 60.33% | -31.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.02% | 36.59% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.02% | 32.09% | -7.07% |
IBAT vs. SLV - Expense Ratio Comparison
IBAT has a 0.47% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IBAT vs. SLV - Dividend Comparison
IBAT's dividend yield for the trailing twelve months is around 0.68%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 0.68% | 1.15% | 1.37% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBAT and SLV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBAT has higher volatility (14.59%) compared to SLV (14.34%). In terms of maximum drawdown, IBAT dropped -28.26% vs SLV's -76.28%.
On 1-year performance, IBAT leads with 118.21% vs 69.08% for SLV. On fees, IBAT is cheaper at 0.47% per year. On volatility, SLV has been the lower-risk option at 14.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBAT has performed better with a 118.21% return vs 69.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBAT is cheaper with a 0.47% expense ratio, compared with 0.50% for SLV.
IBAT has the higher dividend yield at 0.68%, compared with 0.00% for SLV.
IBAT is categorized as Alternative Energy Equities, while SLV is Silver. IBAT tracks STOXX Global Energy Storage and Materials, while SLV tracks LBMA Silver Price. Their fees differ too: 0.47% for IBAT and 0.50% for SLV.
IBAT currently has the higher Sharpe Ratio (4.11 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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