IBIT vs. SLV
IBIT (iShares Bitcoin Trust ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, IBIT returned -44.19% vs 58.45% for SLV. Their 0.23 correlation means their historical movements had little consistent relationship. IBIT charges 0.25%/yr vs 0.50%/yr for SLV.
Performance
IBIT vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -26.71% return, which is significantly lower than SLV's -16.42% return.
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
SLV
- 1D
- 2.63%
- 1M
- -2.14%
- 6M
- -30.04%
- YTD
- -16.42%
- 1Y
- 58.45%
- 3Y*
- 35.46%
- 5Y*
- 18.24%
- 10Y*
- 11.15%
- ALL TIME*
- 7.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $721.48M | $758.11M | $1.24B |
IBIT vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
SLV iShares Silver Trust | -16.42% | 144.66% | 25.74% |
Correlation
The correlation between IBIT and SLV is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
IBIT vs. SLV — Risk / Return Rank
IBIT
SLV
IBIT vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.22 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.12 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.27 | 2.12 | -3.38 |
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Drawdowns
IBIT vs. SLV - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IBIT and SLV.
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Drawdown Indicators
| IBIT | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -76.28% | +22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -52.28% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.28% | — |
Current DrawdownCurrent decline from peak | -48.95% | -49.02% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -18.34% | -44.68% | +26.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.94% | 27.67% | +7.27% |
Volatility
IBIT vs. SLV - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 8.29%, while iShares Silver Trust (SLV) has a volatility of 11.01%. This indicates that IBIT 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
| IBIT | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 11.01% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 33.07% | 44.25% | -11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 61.39% | -16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.53% | 37.00% | +12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.53% | 32.22% | +17.31% |
IBIT vs. SLV - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IBIT vs. SLV - Dividend Comparison
Neither IBIT nor SLV has paid dividends to shareholders.
Frequently Asked Questions
IBIT and SLV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (11.01%) compared to IBIT (8.29%). In terms of maximum drawdown, IBIT dropped -53.30% vs SLV's -76.28%.
On 1-year performance, SLV leads with 58.45% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLV has performed better with a 58.45% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
IBIT and SLV have nearly identical dividend yields, around 0.00%.
IBIT is categorized as Cryptocurrency, while SLV is Silver. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while SLV tracks LBMA Silver Price. Their fees differ too: 0.25% for IBIT and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (0.96 vs -1.00), 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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