IVRS vs. SLV
IVRS (iShares Future Metaverse Tech And Communications ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, IVRS returned 7.73%/yr vs 34.29%/yr for SLV. Their 0.26 correlation means their historical movements had little consistent relationship. IVRS charges 0.47%/yr vs 0.50%/yr for SLV.
Performance
IVRS vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -7.07% return, which is significantly higher than SLV's -18.57% return.
IVRS
- 1D
- 2.16%
- 1M
- 0.63%
- 6M
- -1.65%
- YTD
- -7.07%
- 1Y
- -11.56%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
SLV
- 1D
- 0.19%
- 1M
- -4.65%
- 6M
- -27.58%
- YTD
- -18.57%
- 1Y
- 56.18%
- 3Y*
- 34.29%
- 5Y*
- 17.38%
- 10Y*
- 10.86%
- ALL TIME*
- 7.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.64K | $34.99K | $21.63K | |
| $713.72M | $758.23M | $1.25B |
IVRS vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -7.07% | 12.75% | 7.40% | 28.15% |
SLV iShares Silver Trust | -18.57% | 144.66% | 20.89% | 9.50% |
Correlation
The correlation between IVRS and SLV is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | 0.26 |
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Return for Risk
IVRS vs. SLV — Risk / Return Rank
IVRS
SLV
IVRS vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.
| IVRS | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.08 | -1.45 |
| Martin ratioReturn relative to average drawdown | -0.69 | 2.05 | -2.74 |
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Drawdowns
IVRS vs. SLV - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IVRS and SLV.
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Drawdown Indicators
| IVRS | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -76.28% | +44.85% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -52.28% | +20.85% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -52.28% | +20.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.28% | — |
Current DrawdownCurrent decline from peak | -20.06% | -50.32% | +30.26% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -44.68% | +38.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 27.49% | -10.70% |
Volatility
IVRS vs. SLV - Volatility Comparison
The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 7.97%, while iShares Silver Trust (SLV) has a volatility of 10.86%. This indicates that IVRS 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
| IVRS | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 10.86% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 44.32% | -24.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 61.47% | -37.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 36.98% | -16.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 32.23% | -11.35% |
IVRS vs. SLV - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IVRS vs. SLV - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.62%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.62% | 7.88% | 6.65% | 0.48% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVRS and SLV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (10.86%) compared to IVRS (7.97%). In terms of maximum drawdown, IVRS dropped -31.43% vs SLV's -76.28%.
On 3-year performance, SLV leads with 34.29% vs 7.73% for IVRS. On fees, IVRS is cheaper at 0.47% per year. On volatility, IVRS has been the lower-risk option at 7.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SLV has performed better with a 34.29% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVRS is cheaper with a 0.47% expense ratio, compared with 0.50% for SLV.
IVRS has the higher dividend yield at 8.62%, compared with 0.00% for SLV.
IVRS is categorized as Technology Equities, while SLV is Silver. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while SLV tracks LBMA Silver Price. Their fees differ too: 0.47% for IVRS and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (0.92 vs -0.49), 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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