IJS vs. SLV
IJS (iShares S&P SmallCap 600 Value ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, IJS returned 10.48%/yr vs 12.68%/yr for SLV. At a 0.19 correlation, their price movements are largely independent. IJS charges 0.25%/yr vs 0.50%/yr for SLV.
Performance
IJS vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IJS achieves a 17.37% return, which is significantly higher than SLV's -13.49% return. Over the past 10 years, IJS has underperformed SLV with an annualized return of 10.48%, while SLV has yielded a comparatively higher 12.68% annualized return.
IJS
- 1D
- -0.23%
- 1M
- 2.94%
- YTD
- 17.37%
- 6M
- 16.01%
- 1Y
- 37.29%
- 3Y*
- 15.33%
- 5Y*
- 6.10%
- 10Y*
- 10.48%
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%
IJS vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 17.37% | 6.54% | 7.33% | 14.68% | -11.34% | 30.53% | 2.63% | 24.11% | -12.86% | 11.35% |
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 IJS and SLV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.19 |
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Return for Risk
IJS vs. SLV — Risk / Return Rank
IJS
SLV
IJS vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) 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.
| IJS | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 1.47 | +2.56 |
| Martin ratioReturn relative to average drawdown | 13.28 | 3.16 | +10.11 |
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Drawdowns
IJS vs. SLV - Drawdown Comparison
The maximum IJS drawdown since its inception was -60.11%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IJS and SLV.
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Drawdown Indicators
| IJS | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -76.28% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -47.23% | +37.95% |
Max Drawdown (3Y)Largest decline over 3 years | -28.65% | -47.23% | +18.58% |
Max Drawdown (5Y)Largest decline over 5 years | -28.65% | -47.23% | +18.58% |
Max Drawdown (10Y)Largest decline over 10 years | -47.68% | -47.23% | -0.45% |
Current DrawdownCurrent decline from peak | -1.64% | -47.23% | +45.59% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -44.65% | +34.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 21.91% | -19.09% |
Volatility
IJS vs. SLV - Volatility Comparison
The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 4.85%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that IJS 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
| IJS | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 14.34% | -9.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 59.27% | -47.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 60.33% | -41.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 36.59% | -14.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 32.09% | -8.50% |
IJS vs. SLV - Expense Ratio Comparison
IJS has a 0.25% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IJS vs. SLV - Dividend Comparison
IJS's dividend yield for the trailing twelve months is around 1.36%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 1.36% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
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
IJS and SLV have a correlation of 0.20, 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 IJS (4.85%). In terms of maximum drawdown, IJS dropped -60.11% vs SLV's -76.28%.
On 10-year performance, SLV leads with 12.68% vs 10.48% for IJS. On fees, IJS is cheaper at 0.25% per year. On volatility, IJS has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 12.68% return vs 10.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJS is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
IJS has the higher dividend yield at 1.36%, compared with 0.00% for SLV.
IJS is categorized as Small Cap Value Equities, while SLV is Silver. IJS tracks S&P SmallCap 600 Value Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.25% for IJS and 0.50% for SLV.
IJS currently has the higher Sharpe Ratio (2.05 vs 1.15), 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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