IBTR vs. SLV

Last updated Aug 2, 2026

IBTR (iShares iBonds Dec 2036 Term Treasury ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IBTR is a Government Bonds fund tracking the ICE 2036 Maturity US Treasury Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Their 0.38 correlation means their historical movements had little consistent relationship. IBTR charges 0.07%/yr vs 0.50%/yr for SLV.

Performance

IBTR vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2036 Term Treasury ETF (IBTR) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTR

• 1D: -0.38%
• 1M: -1.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SLV

• 1D: -2.13%
• 1M: -4.83%
• 6M: -30.59%
• YTD: -18.72%
• 1Y: 55.88%
• 3Y*: 32.93%
• 5Y*: 17.25%
• 10Y*: 10.33%
• ALL TIME*: 7.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBTR iShares iBonds Dec 2036 Term Treasury ETF	$481.12K	$362.65K	$277.01K
SLV iShares Silver Trust	$716.70M	$772.79M	$1.26B

IBTR vs. SLV - Yearly Performance Comparison

	2026 (YTD)
IBTR iShares iBonds Dec 2036 Term Treasury ETF	-1.13%
SLV iShares Silver Trust	-19.71%

Correlation

The correlation between IBTR and SLV is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.38

Return for Risk

IBTR vs. SLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBTR

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

SLV

SLV Risk / Return Rank: 36
SLV Sharpe Ratio Rank: 38
SLV Sortino Ratio Rank: 37
SLV Omega Ratio Rank: 47
SLV Calmar Ratio Rank: 33
SLV Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBTR vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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.

	IBTR	SLV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.94	—
Sortino ratio: Return per unit of downside risk	—	1.37	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.10	—
Martin ratio: Return relative to average drawdown	—	2.10	—

Drawdowns

IBTR vs. SLV - Drawdown Comparison

The maximum IBTR drawdown since its inception was -2.88%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IBTR and SLV.

Drawdown Indicators

	IBTR	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-76.28%	+73.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-52.28%	—
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 Drawdown Current decline from peak	-2.36%	-50.42%	+48.06%
Average Drawdown Average peak-to-trough decline	-1.07%	-44.68%	+43.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.31%	—

Volatility

Volatility by Period

	IBTR	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.28%	61.35%	-56.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	36.97%	-31.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	32.22%	-26.94%

IBTR vs. SLV - Expense Ratio Comparison

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

Dividends

IBTR vs. SLV - Dividend Comparison

IBTR's dividend yield for the trailing twelve months is around 1.01%, while SLV has not paid dividends to shareholders.

Position	TTM
IBTR iShares iBonds Dec 2036 Term Treasury ETF	1.01%
SLV iShares Silver Trust	0.00%

Frequently Asked Questions

Can I hold both IBTR and SLV in my portfolio?

IBTR 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.

Which ETF is better, IBTR or SLV?

On fees, IBTR 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, IBTR or SLV?

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

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

IBTR has the higher dividend yield at 1.01%, compared with 0.00% for SLV.

What is the main difference between IBTR and SLV?

IBTR is categorized as Government Bonds, while SLV is Silver. IBTR tracks ICE 2036 Maturity US Treasury Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.07% for IBTR and 0.50% for SLV.