ISLN.L vs. SLVP

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Physical Silver ETC (ISLN.L) and iShares MSCI Global Silver Miners ETF (SLVP).

ISLN.L and SLVP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 8, 2011. SLVP is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Silver Miners Investable Market Index. It was launched on Jan 31, 2012. Both ISLN.L and SLVP 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

ISLN.L vs. SLVP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Physical Silver ETC (ISLN.L) and iShares MSCI Global Silver Miners ETF (SLVP). The values are adjusted to include any dividend payments, if applicable.

ISLN.L vs. SLVP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISLN.L iShares Physical Silver ETC	5.49%	147.59%	21.12%	-0.77%	3.39%	-12.85%	45.85%	16.35%	-8.76%	3.68%
SLVP iShares MSCI Global Silver Miners ETF	8.23%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%

Returns By Period

In the year-to-date period, ISLN.L achieves a 5.49% return, which is significantly lower than SLVP's 8.23% return. Both investments have delivered pretty close results over the past 10 years, with ISLN.L having a 17.35% annualized return and SLVP not far ahead at 17.90%.

ISLN.L

• 1D: 2.47%
• 1M: -13.65%
• YTD: 5.49%
• 6M: 59.59%
• 1Y: 123.18%
• 3Y*: 46.20%
• 5Y*: 24.78%
• 10Y*: 17.35%

SLVP

• 1D: 4.60%
• 1M: -20.51%
• YTD: 8.23%
• 6M: 36.85%
• 1Y: 154.54%
• 3Y*: 49.80%
• 5Y*: 20.67%
• 10Y*: 17.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISLN.L vs. SLVP - Expense Ratio Comparison

ISLN.L has a 0.20% expense ratio, which is lower than SLVP's 0.39% expense ratio.

SLVP

iShares MSCI Global Silver Miners ETF

ISLN.L

iShares Physical Silver ETC

Return for Risk

ISLN.L vs. SLVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISLN.L

ISLN.L Risk / Return Rank: 88
ISLN.L Sharpe Ratio Rank: 93
ISLN.L Sortino Ratio Rank: 88
ISLN.L Omega Ratio Rank: 91
ISLN.L Calmar Ratio Rank: 88
ISLN.L Martin Ratio Rank: 80

SLVP

SLVP Risk / Return Rank: 94
SLVP Sharpe Ratio Rank: 97
SLVP Sortino Ratio Rank: 93
SLVP Omega Ratio Rank: 91
SLVP Calmar Ratio Rank: 96
SLVP Martin Ratio Rank: 94

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.

ISLN.L vs. SLVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (ISLN.L) and iShares MSCI Global Silver Miners ETF (SLVP). 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.

	ISLN.L	SLVP	Difference
Sharpe ratio Return per unit of total volatility	2.27	2.88	-0.60
Sortino ratio Return per unit of downside risk	2.51	2.89	-0.38
Omega ratio Gain probability vs. loss probability	1.40	1.41	0.00
Calmar ratio Return relative to maximum drawdown	3.00	4.54	-1.53
Martin ratio Return relative to average drawdown	9.35	15.20	-5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISLN.L vs. SLVP - Sharpe Ratio Comparison

The current ISLN.L Sharpe Ratio is 2.27, which is comparable to the SLVP Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of ISLN.L and SLVP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ISLN.L	SLVP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.88	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.49	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.42	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.10	+0.03

Correlation

The correlation between ISLN.L and SLVP is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ISLN.L vs. SLVP - Dividend Comparison

ISLN.L has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.64%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISLN.L iShares Physical Silver ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SLVP iShares MSCI Global Silver Miners ETF	1.64%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%

Drawdowns

ISLN.L vs. SLVP - Drawdown Comparison

The maximum ISLN.L drawdown since its inception was -76.63%, roughly equal to the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for ISLN.L and SLVP.

Drawdown Indicators

	ISLN.L	SLVP	Difference
Max Drawdown Largest peak-to-trough decline	-76.63%	-80.47%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-40.67%	-33.57%	-7.10%
Max Drawdown (5Y) Largest decline over 5 years	-40.67%	-55.36%	+14.69%
Max Drawdown (10Y) Largest decline over 10 years	-42.90%	-62.03%	+19.13%
Current Drawdown Current decline from peak	-33.60%	-21.93%	-11.67%
Average Drawdown Average peak-to-trough decline	-54.53%	-47.12%	-7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.06%	10.02%	+3.04%

Volatility

ISLN.L vs. SLVP - Volatility Comparison

iShares Physical Silver ETC (ISLN.L) and iShares MSCI Global Silver Miners ETF (SLVP) have volatilities of 18.13% and 18.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISLN.L	SLVP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.13%	18.29%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	51.85%	45.15%	+6.70%
Volatility (1Y) Calculated over the trailing 1-year period	53.87%	54.07%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.27%	42.42%	-8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.26%	42.46%	-12.20%