IBGM vs. SLV

Last updated Jun 6, 2026

IBGM (iShares iBonds Dec 2056 Term Treasury ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IBGM is a Government Bonds fund tracking the ICE 2056 Maturity US Treasury Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. At a 0.32 correlation, their price movements are largely independent. IBGM charges 0.07%/yr vs 0.50%/yr for SLV.

Performance

IBGM vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2056 Term Treasury ETF (IBGM) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBGM

• 1D: -0.49%
• 1M: -0.74%
• YTD: —
• 6M: —
• 1Y: —
• 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)

IBGM vs. SLV - Yearly Performance Comparison

	2026 (YTD)
IBGM iShares iBonds Dec 2056 Term Treasury ETF	-0.16%
SLV iShares Silver Trust	1.32%

Correlation

The correlation between IBGM and SLV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.32

Return for Risk

IBGM vs. SLV — Risk / Return Rank

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

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.

IBGM vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2056 Term Treasury ETF (IBGM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBGM	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.52	—
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	-0.10	0.23	-0.34

Drawdowns

IBGM vs. SLV - Drawdown Comparison

The maximum IBGM drawdown since its inception was -4.36%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IBGM and SLV.

Drawdown Indicators

	IBGM	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-4.36%	-76.28%	+71.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.45%	—
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	-1.59%	-41.70%	+40.11%
Average Drawdown Average peak-to-trough decline	-1.26%	-44.67%	+43.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.98%	—

Volatility

Volatility by Period

	IBGM	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	58.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.27%	59.50%	-51.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.27%	36.32%	-28.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.27%	31.94%	-23.67%

IBGM vs. SLV - Expense Ratio Comparison

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

Dividends

IBGM vs. SLV - Dividend Comparison

IBGM's dividend yield for the trailing twelve months is around 0.82%, while SLV has not paid dividends to shareholders.

Position	TTM
IBGM iShares iBonds Dec 2056 Term Treasury ETF	0.82%
SLV iShares Silver Trust	0.00%

Frequently Asked Questions

Can I hold both IBGM and SLV in my portfolio?

IBGM and SLV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBGM or SLV?

On fees, IBGM is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBGM or SLV?

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

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

IBGM has the higher dividend yield at 0.82%, compared with 0.00% for SLV.

What is the main difference between IBGM and SLV?

IBGM is categorized as Government Bonds, while SLV is Silver. IBGM tracks ICE 2056 Maturity US Treasury Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.07% for IBGM and 0.50% for SLV.