ILCB vs. SLV
ILCB (iShares Morningstar U.S. Equity ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, ILCB returned 14.97%/yr vs 12.68%/yr for SLV. At a 0.19 correlation, their price movements are largely independent. ILCB charges 0.03%/yr vs 0.50%/yr for SLV.
Performance
ILCB vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, ILCB achieves a 8.52% return, which is significantly higher than SLV's -13.49% return. Over the past 10 years, ILCB has outperformed SLV with an annualized return of 14.97%, while SLV has yielded a comparatively lower 12.68% annualized return.
ILCB
- 1D
- -1.36%
- 1M
- -1.01%
- YTD
- 8.52%
- 6M
- 7.55%
- 1Y
- 23.81%
- 3Y*
- 21.04%
- 5Y*
- 12.58%
- 10Y*
- 14.97%
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%
ILCB vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 8.52% | 17.70% | 24.96% | 26.91% | -19.48% | 24.07% | 19.40% | 32.68% | -8.51% | 22.09% |
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 ILCB and SLV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.19 |
The correlation between ILCB and SLV shifts across timeframes, from 0.19 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ILCB vs. SLV — Risk / Return Rank
ILCB
SLV
ILCB vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) 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.
| ILCB | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.47 | +1.16 |
| Martin ratioReturn relative to average drawdown | 11.66 | 3.16 | +8.50 |
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Drawdowns
ILCB vs. SLV - Drawdown Comparison
The maximum ILCB drawdown since its inception was -51.53%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ILCB and SLV.
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Drawdown Indicators
| ILCB | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.53% | -76.28% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -47.23% | +38.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -47.23% | +28.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | -47.23% | +21.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -47.23% | +11.93% |
Current DrawdownCurrent decline from peak | -3.00% | -47.23% | +44.23% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -44.65% | +38.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 21.91% | -19.86% |
Volatility
ILCB vs. SLV - Volatility Comparison
The current volatility for iShares Morningstar U.S. Equity ETF (ILCB) is 4.82%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that ILCB 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
| ILCB | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 14.34% | -9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 59.27% | -49.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 60.33% | -47.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 36.59% | -19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 32.09% | -13.89% |
ILCB vs. SLV - Expense Ratio Comparison
ILCB has a 0.03% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
ILCB vs. SLV - Dividend Comparison
ILCB's dividend yield for the trailing twelve months is around 1.00%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 1.00% | 1.11% | 1.19% | 1.43% | 1.65% | 1.16% | 1.26% | 2.25% | 2.17% | 1.81% | 1.97% | 2.44% |
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
ILCB and SLV have a correlation of 0.32, 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 ILCB (4.82%). In terms of maximum drawdown, ILCB dropped -51.53% vs SLV's -76.28%.
On 10-year performance, ILCB leads with 14.97% vs 12.68% for SLV. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ILCB has performed better with a 14.97% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCB is cheaper with a 0.03% expense ratio, compared with 0.50% for SLV.
ILCB has the higher dividend yield at 1.00%, compared with 0.00% for SLV.
ILCB is categorized as Large Cap Growth Equities, while SLV is Silver. ILCB tracks Morningstar US Large-Mid Cap Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.03% for ILCB and 0.50% for SLV.
ILCB currently has the higher Sharpe Ratio (1.89 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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