IETC vs. SLV

Last updated Jun 4, 2026

IETC (iShares Evolved U.S. Technology ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IETC is a Technology Equities fund actively managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. IETC is actively managed, while SLV is passively managed. Over the past 5 years, IETC returned 18.23%/yr vs 20.76%/yr for SLV. At a 0.18 correlation, their price movements are largely independent. IETC charges 0.18%/yr vs 0.50%/yr for SLV.

Performance

IETC vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Evolved U.S. Technology ETF (IETC) 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, IETC achieves a 13.88% return, which is significantly higher than SLV's 2.78% return.

IETC

• 1D: -2.13%
• 1M: 11.52%
• YTD: 13.88%
• 6M: 12.87%
• 1Y: 30.45%
• 3Y*: 30.53%
• 5Y*: 18.23%
• 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)

IETC vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares Evolved U.S. Technology ETF	13.88%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	43.09%	-3.52%
SLV iShares Silver Trust	2.78%	144.66%	20.89%	-1.09%	2.37%	-12.45%	47.30%	14.88%	-6.80%

Correlation

The correlation between IETC 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 (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018	0.18

IETC vs. SLV - Sectors Allocation Comparison

Sectors	IETC	SLV
Technology	79.1%	-
Communication Services	8.4%	-
Consumer Cyclical	4.7%	-
Industrials	3.7%	-
Financial Services	3.1%	-
Real Estate	0.7%	-
Healthcare	0.1%	-
Basic Materials	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

IETC vs. SLV — Risk / Return Rank

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

IETC

IETC Risk / Return Rank: 34
IETC Sharpe Ratio Rank: 40
IETC Sortino Ratio Rank: 38
IETC Omega Ratio Rank: 37
IETC Calmar Ratio Rank: 29
IETC Martin Ratio Rank: 28

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.

IETC vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) 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.

	IETC	SLV	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.89	-0.43
Sortino ratio: Return per unit of downside risk	1.98	2.07	-0.08
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio: Return relative to maximum drawdown	1.44	2.62	-1.18
Martin ratio: Return relative to average drawdown	4.06	5.64	-1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IETC vs. SLV - Sharpe Ratio Comparison

The current IETC Sharpe Ratio is 1.46, which is comparable to the SLV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of IETC 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

	IETC	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.89	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.58	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.25	+0.63

Drawdowns

IETC vs. SLV - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IETC and SLV.

Drawdown Indicators

	IETC	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-76.28%	+37.80%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-42.45%	+21.26%
Max Drawdown (3Y) Largest decline over 3 years	-25.17%	-42.45%	+17.28%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-42.45%	+3.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.81%	—
Current Drawdown Current decline from peak	-2.25%	-37.30%	+35.05%
Average Drawdown Average peak-to-trough decline	-8.14%	-44.67%	+36.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	19.67%	-12.16%

Volatility

IETC vs. SLV - Volatility Comparison

The current volatility for iShares Evolved U.S. Technology ETF (IETC) is 6.43%, while iShares Silver Trust (SLV) has a volatility of 16.30%. This indicates that IETC 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

	IETC	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	16.30%	-9.87%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	58.31%	-41.82%
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	58.90%	-37.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	36.15%	-11.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	31.84%	-6.47%

IETC vs. SLV - Expense Ratio Comparison

IETC has a 0.18% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

IETC vs. SLV - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.34%, while SLV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares Evolved U.S. Technology ETF	0.34%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IETC and SLV in my portfolio?

IETC 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, IETC or SLV?

SLV has higher volatility (16.30%) compared to IETC (6.43%). In terms of maximum drawdown, IETC dropped -38.48% vs SLV's -76.28%.

Which ETF is better, IETC or SLV?

On 5-year performance, SLV leads with 20.76% vs 18.23% for IETC. On fees, IETC is cheaper at 0.18% per year. On volatility, IETC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IETC or SLV?

Over the 5-year period, SLV has performed better with a 20.76% return vs 18.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IETC or SLV?

IETC is cheaper with a 0.18% expense ratio, compared with 0.50% for SLV.

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

IETC has the higher dividend yield at 0.34%, compared with 0.00% for SLV.

What is the main difference between IETC and SLV?

IETC is categorized as Technology Equities, while SLV is Silver. Their fees differ too: 0.18% for IETC and 0.50% for SLV.

Which has better risk-adjusted returns?

SLV currently has the higher Sharpe Ratio (1.89 vs 1.46), 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.