ISRG vs. SLV
ISRG (Intuitive Surgical, Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, ISRG returned 19.09%/yr vs 13.99%/yr for SLV. At a 0.15 correlation, their price movements are largely independent.
Performance
ISRG vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -27.42% return, which is significantly lower than SLV's -4.86% return. Over the past 10 years, ISRG has outperformed SLV with an annualized return of 19.09%, while SLV has yielded a comparatively lower 13.99% annualized return.
ISRG
- 1D
- -0.45%
- 1M
- -4.91%
- YTD
- -27.42%
- 6M
- -24.20%
- 1Y
- -19.87%
- 3Y*
- 9.23%
- 5Y*
- 7.37%
- 10Y*
- 19.09%
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
ISRG vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -27.42% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between ISRG and SLV is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.15 |
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Return for Risk
ISRG vs. SLV — Risk / Return Rank
ISRG
SLV
ISRG vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) 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.
| ISRG | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.29 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.89 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.24 | 4.10 | -5.35 |
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Drawdowns
ISRG vs. SLV - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ISRG and SLV.
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Drawdown Indicators
| ISRG | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -76.28% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -45.40% | +13.26% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | -45.40% | +11.30% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -45.40% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | -45.40% | -4.50% |
Current DrawdownCurrent decline from peak | -32.66% | -41.96% | +9.30% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -44.66% | +23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 20.88% | -4.88% |
Volatility
ISRG vs. SLV - Volatility Comparison
The current volatility for Intuitive Surgical, Inc. (ISRG) is 9.70%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that ISRG 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
| ISRG | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 16.34% | -6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 59.10% | -38.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 59.82% | -29.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.19% | 36.46% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.40% | 32.00% | +0.40% |
Dividends
ISRG vs. SLV - Dividend Comparison
Neither ISRG nor SLV has paid dividends to shareholders.
Frequently Asked Questions
ISRG and SLV have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.34%) compared to ISRG (9.70%). In terms of maximum drawdown, ISRG dropped -82.26% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.44 vs -0.65), 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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