ILCV vs. SLV
Compare and contrast key facts about iShares Morningstar Value ETF (ILCV) and iShares Silver Trust (SLV).
ILCV and SLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ILCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. Both ILCV and SLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ILCV vs. SLV - Performance Comparison
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ILCV vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | -0.70% | 18.79% | 17.03% | 14.43% | -7.02% | 26.71% | -0.84% | 25.19% | -6.24% | 15.00% |
SLV iShares Silver Trust | 5.77% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Returns By Period
In the year-to-date period, ILCV achieves a -0.70% return, which is significantly lower than SLV's 5.77% return. Over the past 10 years, ILCV has underperformed SLV with an annualized return of 11.02%, while SLV has yielded a comparatively higher 16.87% annualized return.
ILCV
- 1D
- 0.22%
- 1M
- -4.04%
- YTD
- -0.70%
- 6M
- 4.21%
- 1Y
- 16.83%
- 3Y*
- 15.82%
- 5Y*
- 10.89%
- 10Y*
- 11.02%
SLV
- 1D
- 0.00%
- 1M
- -16.46%
- YTD
- 5.77%
- 6M
- 58.80%
- 1Y
- 122.46%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
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ILCV vs. SLV - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is lower than SLV's 0.50% expense ratio.
Return for Risk
ILCV vs. SLV — Risk / Return Rank
ILCV
SLV
ILCV vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) 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.
| ILCV | SLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 2.16 | -1.05 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.23 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.82 | -1.41 |
Martin ratioReturn relative to average drawdown | 6.69 | 8.70 | -2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ILCV | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 2.16 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.69 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.54 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.25 | +0.19 |
Correlation
The correlation between ILCV and SLV is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ILCV vs. SLV - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.76%, while SLV has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 1.76% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
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% |
Drawdowns
ILCV vs. SLV - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ILCV and SLV.
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Drawdown Indicators
| ILCV | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -76.28% | +17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.82% | -42.45% | +30.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -42.45% | +23.87% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | -42.81% | +7.28% |
Current DrawdownCurrent decline from peak | -4.51% | -35.47% | +30.96% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -44.76% | +35.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 13.77% | -11.27% |
Volatility
ILCV vs. SLV - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 3.78%, while iShares Silver Trust (SLV) has a volatility of 16.96%. This indicates that ILCV 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
| ILCV | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 16.96% | -13.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 57.27% | -49.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 57.07% | -41.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 35.27% | -21.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 31.35% | -14.67% |