IBGL vs. SLV

Last updated Jun 4, 2026

IBGL (iShares iBonds Dec 2055 Term Treasury ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IBGL is a Government Bonds fund tracking the ICE 2055 Maturity US Treasury Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, IBGL returned 4.56% vs 110.59% for SLV. At a 0.05 correlation, their price movements are largely independent. IBGL charges 0.07%/yr vs 0.50%/yr for SLV.

Performance

IBGL vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2055 Term Treasury ETF (IBGL) 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, IBGL achieves a -0.23% return, which is significantly lower than SLV's 2.78% return.

IBGL

• 1D: -0.35%
• 1M: 0.74%
• YTD: -0.23%
• 6M: -1.85%
• 1Y: 4.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLV

• 1D: -2.62%
• 1M: 0.41%
• YTD: 2.78%
• 6M: 24.76%
• 1Y: 110.59%
• 3Y*: 45.06%
• 5Y*: 20.76%
• 10Y*: 15.55%

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

IBGL vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025
IBGL iShares iBonds Dec 2055 Term Treasury ETF	-0.23%	0.99%
SLV iShares Silver Trust	2.78%	111.01%

Correlation

The correlation between IBGL and SLV is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.05

Return for Risk

IBGL vs. SLV — Risk / Return Rank

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

IBGL

IBGL Risk / Return Rank: 17
IBGL Sharpe Ratio Rank: 17
IBGL Sortino Ratio Rank: 16
IBGL Omega Ratio Rank: 15
IBGL Calmar Ratio Rank: 17
IBGL Martin Ratio Rank: 17

SLV

SLV Risk / Return Rank: 47
SLV Sharpe Ratio Rank: 54
SLV Sortino Ratio Rank: 40
SLV Omega Ratio Rank: 56
SLV Calmar Ratio Rank: 52
SLV Martin Ratio Rank: 36

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.

IBGL vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2055 Term Treasury ETF (IBGL) 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.

	IBGL	SLV	Difference
Sharpe ratio: Return per unit of total volatility	0.49	1.89	-1.40
Sortino ratio: Return per unit of downside risk	0.78	2.07	-1.29
Omega ratio: Gain probability vs. loss probability	1.09	1.35	-0.26
Calmar ratio: Return relative to maximum drawdown	0.63	2.62	-1.99
Martin ratio: Return relative to average drawdown	1.58	5.64	-4.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBGL vs. SLV - Sharpe Ratio Comparison

The current IBGL Sharpe Ratio is 0.49, which is lower than the SLV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of IBGL 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

	IBGL	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	1.89	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.25	-0.18

Drawdowns

IBGL vs. SLV - Drawdown Comparison

The maximum IBGL drawdown since its inception was -9.37%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IBGL and SLV.

Drawdown Indicators

	IBGL	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-9.37%	-76.28%	+66.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-42.45%	+35.22%
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	-4.38%	-37.30%	+32.92%
Average Drawdown Average peak-to-trough decline	-4.03%	-44.67%	+40.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	19.67%	-16.78%

Volatility

IBGL vs. SLV - Volatility Comparison

The current volatility for iShares iBonds Dec 2055 Term Treasury ETF (IBGL) is 2.67%, while iShares Silver Trust (SLV) has a volatility of 16.30%. This indicates that IBGL 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

	IBGL	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	16.30%	-13.63%
Volatility (6M) Calculated over the trailing 6-month period	6.12%	58.31%	-52.19%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	58.90%	-49.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.53%	36.15%	-25.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.53%	31.84%	-21.31%

IBGL vs. SLV - Expense Ratio Comparison

IBGL has a 0.07% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

IBGL vs. SLV - Dividend Comparison

IBGL's dividend yield for the trailing twelve months is around 4.70%, while SLV has not paid dividends to shareholders.

Position	TTM	2025
IBGL iShares iBonds Dec 2055 Term Treasury ETF	4.70%	3.52%
SLV iShares Silver Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBGL and SLV in my portfolio?

IBGL and SLV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBGL or SLV?

SLV has higher volatility (16.30%) compared to IBGL (2.67%). In terms of maximum drawdown, IBGL dropped -9.37% vs SLV's -76.28%.

Which ETF is better, IBGL or SLV?

On 1-year performance, SLV leads with 110.59% vs 4.56% for IBGL. On fees, IBGL is cheaper at 0.07% per year. On volatility, IBGL has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBGL or SLV?

Over the 1-year period, SLV has performed better with a 110.59% return vs 4.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBGL or SLV?

IBGL is cheaper with a 0.07% expense ratio, compared with 0.50% for SLV.

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

IBGL has the higher dividend yield at 4.70%, compared with 0.00% for SLV.

What is the main difference between IBGL and SLV?

IBGL is categorized as Government Bonds, while SLV is Silver. IBGL tracks ICE 2055 Maturity US Treasury Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.07% for IBGL and 0.50% for SLV.

Which has better risk-adjusted returns?

SLV currently has the higher Sharpe Ratio (1.89 vs 0.49), 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.