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IRE.MI vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IRE.MI vs. SLV

Last updated Jun 5, 2026

IRE.MI (Iren SpA) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, IRE.MI returned 9.47%/yr vs 14.55%/yr for SLV. At a 0.06 correlation, their price movements are largely independent.

Performance

IRE.MI vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Iren SpA (IRE.MI) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IRE.MI is traded in EUR, while SLV is traded in USD. To make them comparable, the SLV values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IRE.MI achieves a 1.25% return, which is significantly higher than SLV's -2.55% return. Over the past 10 years, IRE.MI has underperformed SLV with an annualized return of 9.47%, while SLV has yielded a comparatively higher 14.55% annualized return.

IRE.MI

1D
-0.08%
1M
-1.37%
YTD
1.25%
6M
2.13%
1Y
0.66%
3Y*
18.21%
5Y*
5.52%
10Y*
9.47%

SLV

1D
-7.34%
1M
-10.47%
YTD
-2.55%
6M
17.50%
1Y
88.48%
3Y*
38.20%
5Y*
20.32%
10Y*
14.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IRE.MI vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IRE.MI
Iren SpA		1.25%39.87%3.46%42.85%-41.45%29.53%-19.84%36.62%-13.46%65.38%
SLV
iShares Silver Trust		-2.55%115.63%28.87%-4.06%8.72%-5.91%35.16%17.47%-4.93%-7.18%

Correlation

The correlation between IRE.MI and SLV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Aug 29, 2007

0.06

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Iren SpA

iShares Silver Trust

Often compared with IRE.MI:
IRE.MI vs. XS6R.LIRE.MI vs. SPXLIRE.MI vs. AGQIRE.MI vs. IAUIRE.MI vs. SOXLIRE.MI vs. SMCXIRE.MI vs. MSTX
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

IRE.MI vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IRE.MI
IRE.MI Risk / Return Rank: 3838
Overall Rank
IRE.MI Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IRE.MI Sortino Ratio Rank: 3333
Sortino Ratio Rank
IRE.MI Omega Ratio Rank: 3333
Omega Ratio Rank
IRE.MI Calmar Ratio Rank: 4141
Calmar Ratio Rank
IRE.MI Martin Ratio Rank: 4040
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 4141
Overall Rank
SLV Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3535
Sortino Ratio Rank
SLV Omega Ratio Rank: 5050
Omega Ratio Rank
SLV Calmar Ratio Rank: 4444
Calmar Ratio Rank
SLV Martin Ratio Rank: 3131
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IRE.MI vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Iren SpA (IRE.MI) 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.

IRE.MISLVDifference
Sharpe ratioReturn per unit of total volatility
-0.01
1.54

-1.55

Sortino ratioReturn per unit of downside risk
0.12
1.83

-1.71

Omega ratioGain probability vs. loss probability

1.02

1.31

-0.29

Calmar ratioReturn relative to maximum drawdown

-0.01

2.20

-2.22

Martin ratioReturn relative to average drawdown

-0.04

4.66

-4.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IRE.MI vs. SLV - Sharpe Ratio Comparison

The current IRE.MI Sharpe Ratio is -0.01, which is lower than the SLV Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of IRE.MI and SLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IRE.MISLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.01

1.54

-1.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.59

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

0.48

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.33

-0.11

Drawdowns

IRE.MI vs. SLV - Drawdown Comparison

The maximum IRE.MI drawdown since its inception was -89.17%, which is greater than SLV's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for IRE.MI and SLV.

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Drawdown Indicators

IRE.MISLVDifference

Max Drawdown

Largest peak-to-trough decline

-89.17%

-67.77%

-21.40%

Max Drawdown (1Y)

Largest decline over 1 year

-16.26%

-40.36%

+24.10%

Max Drawdown (3Y)

Largest decline over 3 years

-19.21%

-40.36%

+21.15%

Max Drawdown (5Y)

Largest decline over 5 years

-52.87%

-40.36%

-12.51%

Max Drawdown (10Y)

Largest decline over 10 years

-52.87%

-41.37%

-11.50%

Current Drawdown

Current decline from peak

-8.94%

-39.50%

+30.56%

Average Drawdown

Average peak-to-trough decline

-34.76%

-36.92%

+2.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.97%

19.04%

-13.07%

Volatility

IRE.MI vs. SLV - Volatility Comparison

The current volatility for Iren SpA (IRE.MI) is 5.76%, while iShares Silver Trust (SLV) has a volatility of 16.19%. This indicates that IRE.MI 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

IRE.MISLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.76%

16.19%

-10.43%

Volatility (6M)

Calculated over the trailing 6-month period

16.26%

57.08%

-40.82%

Volatility (1Y)

Calculated over the trailing 1-year period

20.75%

57.80%

-37.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.59%

34.53%

-9.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.80%

30.36%

-5.56%

Dividends

IRE.MI vs. SLV - Dividend Comparison

IRE.MI's dividend yield for the trailing twelve months is around 4.96%, while SLV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IRE.MI
Iren SpA		4.96%5.02%6.19%5.58%7.15%3.58%4.35%3.04%3.34%2.50%3.53%3.51%
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

IRE.MI and SLV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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