IGV vs. SLV
IGV (iShares Expanded Tech-Software Sector ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, IGV returned 15.70%/yr vs 12.68%/yr for SLV. At a 0.15 correlation, their price movements are largely independent. IGV charges 0.39%/yr vs 0.50%/yr for SLV.
Performance
IGV vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -17.37% return, which is significantly lower than SLV's -13.49% return. Over the past 10 years, IGV has outperformed SLV with an annualized return of 15.70%, while SLV has yielded a comparatively lower 12.68% annualized return.
IGV
- 1D
- 0.01%
- 1M
- -7.10%
- YTD
- -17.37%
- 6M
- -19.19%
- 1Y
- -17.89%
- 3Y*
- 9.05%
- 5Y*
- 2.37%
- 10Y*
- 15.70%
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
IGV vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -17.37% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
SLV iShares Silver Trust | -13.49% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between IGV and SLV is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.15 |
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Return for Risk
IGV vs. SLV — Risk / Return Rank
IGV
SLV
IGV vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.25 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.47 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.00 | 3.16 | -4.16 |
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Drawdowns
IGV vs. SLV - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IGV and SLV.
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Drawdown Indicators
| IGV | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -76.28% | +12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -47.23% | +10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -47.23% | +10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -47.23% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -47.23% | +1.38% |
Current DrawdownCurrent decline from peak | -25.85% | -47.23% | +21.38% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -44.65% | +30.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 21.91% | -3.97% |
Volatility
IGV vs. SLV - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 12.71%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that IGV 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
| IGV | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 14.34% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 24.86% | 59.27% | -34.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 60.33% | -32.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 36.59% | -8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 32.09% | -5.71% |
IGV vs. SLV - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IGV vs. SLV - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGV and SLV have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to IGV (12.71%). In terms of maximum drawdown, IGV dropped -63.45% vs SLV's -76.28%.
On 10-year performance, IGV leads with 15.70% vs 12.68% for SLV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 12.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGV has performed better with a 15.70% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 0.50% for SLV.
IGV has the higher dividend yield at 0.02%, compared with 0.00% for SLV.
IGV is categorized as Technology Equities, while SLV is Silver. IGV tracks S&P North American Expanded Technology Software Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.39% for IGV and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (1.15 vs -0.64), 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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