ISCG vs. SLV
ISCG (iShares Morningstar Small-Cap Growth ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - ISCG is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Broad Growth Extended Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, ISCG returned 11.99%/yr vs 11.85%/yr for SLV. At a 0.22 correlation, their price movements are largely independent. ISCG charges 0.06%/yr vs 0.50%/yr for SLV.
Performance
ISCG vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, ISCG achieves a 14.95% return, which is significantly higher than SLV's -19.62% return. Both investments have delivered pretty close results over the past 10 years, with ISCG having a 11.99% annualized return and SLV not far behind at 11.85%.
ISCG
- 1D
- 0.86%
- 1M
- 3.23%
- YTD
- 14.95%
- 6M
- 11.88%
- 1Y
- 29.63%
- 3Y*
- 17.77%
- 5Y*
- 4.83%
- 10Y*
- 11.99%
SLV
- 1D
- -7.09%
- 1M
- -24.25%
- YTD
- -19.62%
- 6M
- -20.61%
- 1Y
- 58.79%
- 3Y*
- 36.01%
- 5Y*
- 16.45%
- 10Y*
- 11.85%
ISCG vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCG iShares Morningstar Small-Cap Growth ETF | 14.95% | 12.88% | 13.35% | 23.13% | -26.75% | -1.26% | 43.41% | 27.66% | -6.91% | 24.68% |
SLV iShares Silver Trust | -19.62% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between ISCG and SLV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.22 |
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Return for Risk
ISCG vs. SLV — Risk / Return Rank
ISCG
SLV
ISCG vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small-Cap Growth ETF (ISCG) 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.
| ISCG | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.16 | +1.45 |
| Martin ratioReturn relative to average drawdown | 9.92 | 2.66 | +7.25 |
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Drawdowns
ISCG vs. SLV - Drawdown Comparison
The maximum ISCG drawdown since its inception was -57.72%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ISCG and SLV.
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Drawdown Indicators
| ISCG | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.72% | -76.28% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -50.97% | +39.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -50.97% | +24.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.80% | -50.97% | +13.17% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -50.97% | +9.49% |
Current DrawdownCurrent decline from peak | -0.33% | -50.97% | +50.64% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -44.66% | +33.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 22.14% | -19.14% |
Volatility
ISCG vs. SLV - Volatility Comparison
The current volatility for iShares Morningstar Small-Cap Growth ETF (ISCG) is 5.91%, while iShares Silver Trust (SLV) has a volatility of 15.67%. This indicates that ISCG 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
| ISCG | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 15.67% | -9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 59.65% | -46.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 60.78% | -42.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 36.73% | -13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 32.16% | -8.99% |
ISCG vs. SLV - Expense Ratio Comparison
ISCG has a 0.06% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
ISCG vs. SLV - Dividend Comparison
ISCG's dividend yield for the trailing twelve months is around 0.58%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCG iShares Morningstar Small-Cap Growth ETF | 0.58% | 0.61% | 0.84% | 0.77% | 0.92% | 0.62% | 0.10% | 0.27% | 0.40% | 0.52% | 1.19% | 0.64% |
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
ISCG and SLV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (15.67%) compared to ISCG (5.91%). In terms of maximum drawdown, ISCG dropped -57.72% vs SLV's -76.28%.
On 10-year performance, ISCG leads with 11.99% vs 11.85% for SLV. On fees, ISCG is cheaper at 0.06% per year. On volatility, ISCG has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ISCG has performed better with a 11.99% return vs 11.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCG is cheaper with a 0.06% expense ratio, compared with 0.50% for SLV.
ISCG has the higher dividend yield at 0.58%, compared with 0.00% for SLV.
ISCG is categorized as Small Cap Growth Equities, while SLV is Silver. ISCG tracks Morningstar US Small Cap Broad Growth Extended Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.06% for ISCG and 0.50% for SLV.
ISCG currently has the higher Sharpe Ratio (1.60 vs 0.97), 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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