IGLD vs. SLV
IGLD (FT Vest Gold Strategy Target Income ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IGLD is a Gold fund actively managed by First Trust, while SLV is a Silver fund tracking the LBMA Silver Price. IGLD is actively managed, while SLV is passively managed. Over the past 5 years, IGLD returned 13.37%/yr vs 20.04%/yr for SLV. A 0.72 correlation means they provide meaningful diversification when combined. IGLD charges 0.85%/yr vs 0.50%/yr for SLV.
Performance
IGLD vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a -3.05% return, which is significantly higher than SLV's -7.62% return.
IGLD
- 1D
- -0.50%
- 1M
- -5.65%
- YTD
- -3.05%
- 6M
- -3.19%
- 1Y
- 18.24%
- 3Y*
- 20.70%
- 5Y*
- 13.37%
- 10Y*
- —
SLV
- 1D
- -1.81%
- 1M
- -12.95%
- YTD
- -7.62%
- 6M
- -2.33%
- 1Y
- 81.88%
- 3Y*
- 38.96%
- 5Y*
- 20.04%
- 10Y*
- 13.58%
IGLD vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | -3.05% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
SLV iShares Silver Trust | -7.62% | 144.66% | 20.89% | -1.09% | 2.37% | -13.27% |
Correlation
The correlation between IGLD and SLV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.72 |
The correlation between IGLD and SLV has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
IGLD vs. SLV — Risk / Return Rank
IGLD
SLV
IGLD vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) 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.
| IGLD | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.75 | -0.90 |
| Martin ratioReturn relative to average drawdown | 2.47 | 3.68 | -1.21 |
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Drawdowns
IGLD vs. SLV - Drawdown Comparison
The maximum IGLD drawdown since its inception was -21.90%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IGLD and SLV.
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Drawdown Indicators
| IGLD | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -76.28% | +54.38% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -45.40% | +23.50% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -45.40% | +23.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -45.40% | +23.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.40% | — |
Current DrawdownCurrent decline from peak | -19.11% | -43.65% | +24.54% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -44.65% | +39.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.46% | 21.52% | -14.06% |
Volatility
IGLD vs. SLV - Volatility Comparison
The current volatility for FT Vest Gold Strategy Target Income ETF (IGLD) is 8.12%, while iShares Silver Trust (SLV) has a volatility of 14.09%. This indicates that IGLD 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
| IGLD | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 14.09% | -5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 22.26% | 59.18% | -36.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 60.10% | -35.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 36.50% | -21.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 32.04% | -16.76% |
IGLD vs. SLV - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
IGLD vs. SLV - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 18.79%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | 18.79% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLD and SLV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.09%) compared to IGLD (8.12%). In terms of maximum drawdown, IGLD dropped -21.90% vs SLV's -76.28%.
On 5-year performance, SLV leads with 20.04% vs 13.37% for IGLD. On fees, SLV is cheaper at 0.50% per year. On volatility, IGLD has been the lower-risk option at 8.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SLV has performed better with a 20.04% return vs 13.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 18.79%, compared with 0.00% for SLV.
IGLD is categorized as Gold, while SLV is Silver. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for IGLD and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (1.32 vs 0.76), 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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