IBDY vs. SLV

Last updated Jun 6, 2026

IBDY (iShares iBonds Dec 2033 Term Corporate ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IBDY is a Corporate Bonds fund tracking the Bloomberg December 2033 Maturity Corporate Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, IBDY returned 5.45% vs 89.74% for SLV. At a 0.16 correlation, their price movements are largely independent. IBDY charges 0.10%/yr vs 0.50%/yr for SLV.

Performance

IBDY vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2033 Term Corporate ETF (IBDY) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBDY achieves a -0.23% return, which is significantly higher than SLV's -4.42% return.

IBDY

• 1D: -0.49%
• 1M: -0.73%
• YTD: -0.23%
• 6M: 0.14%
• 1Y: 5.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLV

• 1D: -8.08%
• 1M: -12.21%
• YTD: -4.42%
• 6M: 16.28%
• 1Y: 89.74%
• 3Y*: 41.68%
• 5Y*: 19.02%
• 10Y*: 14.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBDY vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBDY iShares iBonds Dec 2033 Term Corporate ETF	-0.23%	9.41%	2.02%	5.75%
SLV iShares Silver Trust	-4.42%	144.66%	20.89%	5.83%

Correlation

The correlation between IBDY and SLV is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.16

Return for Risk

IBDY vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBDY

IBDY Risk / Return Rank: 41
IBDY Sharpe Ratio Rank: 40
IBDY Sortino Ratio Rank: 42
IBDY Omega Ratio Rank: 38
IBDY Calmar Ratio Rank: 42
IBDY Martin Ratio Rank: 41

SLV

SLV Risk / Return Rank: 41
SLV Sharpe Ratio Rank: 45
SLV Sortino Ratio Rank: 35
SLV Omega Ratio Rank: 50
SLV Calmar Ratio Rank: 44
SLV Martin Ratio Rank: 31

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.

IBDY vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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.

	IBDY	SLV	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.52	-0.21
Sortino ratio: Return per unit of downside risk	1.96	1.81	+0.14
Omega ratio: Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio: Return relative to maximum drawdown	1.93	2.13	-0.20
Martin ratio: Return relative to average drawdown	6.14	4.51	+1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBDY vs. SLV - Sharpe Ratio Comparison

The current IBDY Sharpe Ratio is 1.31, which is comparable to the SLV Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of IBDY 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.

Sharpe Ratios by Period

	IBDY	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.52	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.23	+0.67

Drawdowns

IBDY vs. SLV - Drawdown Comparison

The maximum IBDY drawdown since its inception was -7.53%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IBDY and SLV.

Drawdown Indicators

	IBDY	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-7.53%	-76.28%	+68.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-42.45%	+39.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.81%	—
Current Drawdown Current decline from peak	-1.76%	-41.70%	+39.94%
Average Drawdown Average peak-to-trough decline	-1.57%	-44.67%	+43.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	19.98%	-19.09%

Volatility

IBDY vs. SLV - Volatility Comparison

The current volatility for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is 1.33%, while iShares Silver Trust (SLV) has a volatility of 17.11%. This indicates that IBDY 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.

Volatility by Period

	IBDY	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	17.11%	-15.78%
Volatility (6M) Calculated over the trailing 6-month period	3.04%	58.94%	-55.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	59.50%	-55.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.35%	36.32%	-29.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	31.94%	-25.59%

IBDY vs. SLV - Expense Ratio Comparison

IBDY has a 0.10% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

IBDY vs. SLV - Dividend Comparison

IBDY's dividend yield for the trailing twelve months is around 4.91%, while SLV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IBDY iShares iBonds Dec 2033 Term Corporate ETF	4.91%	4.87%	5.02%	2.20%
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBDY and SLV in my portfolio?

IBDY and SLV have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBDY or SLV?

SLV has higher volatility (17.11%) compared to IBDY (1.33%). In terms of maximum drawdown, IBDY dropped -7.53% vs SLV's -76.28%.

Which ETF is better, IBDY or SLV?

On 1-year performance, SLV leads with 89.74% vs 5.45% for IBDY. On fees, IBDY is cheaper at 0.10% per year. On volatility, IBDY has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBDY or SLV?

Over the 1-year period, SLV has performed better with a 89.74% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBDY or SLV?

IBDY is cheaper with a 0.10% expense ratio, compared with 0.50% for SLV.

Which ETF pays a higher dividend yield, IBDY or SLV?

IBDY has the higher dividend yield at 4.91%, compared with 0.00% for SLV.

What is the main difference between IBDY and SLV?

IBDY is categorized as Corporate Bonds, while SLV is Silver. IBDY tracks Bloomberg December 2033 Maturity Corporate Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.10% for IBDY and 0.50% for SLV.

Which has better risk-adjusted returns?

SLV currently has the higher Sharpe Ratio (1.52 vs 1.31), 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.