IVVB vs. SLV

Last updated Jun 4, 2026

IVVB (iShares Large Cap Deep Buffer ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IVVB is a Options Trading fund actively managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. IVVB is actively managed, while SLV is passively managed. Over the past year, IVVB returned 14.57% vs 110.59% for SLV. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

IVVB vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Deep Buffer ETF (IVVB) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVVB achieves a 4.57% return, which is significantly higher than SLV's 2.78% return.

IVVB

• 1D: -0.14%
• 1M: 1.91%
• YTD: 4.57%
• 6M: 4.37%
• 1Y: 14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLV

• 1D: -2.62%
• 1M: 0.41%
• YTD: 2.78%
• 6M: 24.76%
• 1Y: 110.59%
• 3Y*: 45.06%
• 5Y*: 20.76%
• 10Y*: 15.55%

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

IVVB vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVVB iShares Large Cap Deep Buffer ETF	4.57%	9.60%	18.66%	2.60%
SLV iShares Silver Trust	2.78%	144.66%	20.89%	4.26%

Correlation

The correlation between IVVB and SLV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023	0.24

IVVB vs. SLV - Sectors Allocation Comparison

Sectors	IVVB	SLV
Technology	35.6%	-
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	100.0%

Return for Risk

IVVB vs. SLV — Risk / Return Rank

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

IVVB

IVVB Risk / Return Rank: 58
IVVB Sharpe Ratio Rank: 59
IVVB Sortino Ratio Rank: 59
IVVB Omega Ratio Rank: 63
IVVB Calmar Ratio Rank: 51
IVVB Martin Ratio Rank: 61

SLV

SLV Risk / Return Rank: 47
SLV Sharpe Ratio Rank: 54
SLV Sortino Ratio Rank: 40
SLV Omega Ratio Rank: 56
SLV Calmar Ratio Rank: 52
SLV Martin Ratio Rank: 36

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.

IVVB vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Deep Buffer ETF (IVVB) 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.

	IVVB	SLV	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.89	+0.13
Sortino ratio: Return per unit of downside risk	2.82	2.07	+0.75
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.55	2.62	-0.07
Martin ratio: Return relative to average drawdown	10.94	5.64	+5.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVVB vs. SLV - Sharpe Ratio Comparison

The current IVVB Sharpe Ratio is 2.02, which is comparable to the SLV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of IVVB 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.

Sharpe Ratios by Period

	IVVB	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	1.89	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.25	+1.06

Drawdowns

IVVB vs. SLV - Drawdown Comparison

The maximum IVVB drawdown since its inception was -13.08%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IVVB and SLV.

Drawdown Indicators

	IVVB	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-76.28%	+63.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-42.45%	+36.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.81%	—
Current Drawdown Current decline from peak	-0.15%	-37.30%	+37.15%
Average Drawdown Average peak-to-trough decline	-1.61%	-44.67%	+43.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	19.67%	-18.33%

Volatility

IVVB vs. SLV - Volatility Comparison

The current volatility for iShares Large Cap Deep Buffer ETF (IVVB) is 0.74%, while iShares Silver Trust (SLV) has a volatility of 16.30%. This indicates that IVVB 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.

Volatility by Period

	IVVB	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	16.30%	-15.56%
Volatility (6M) Calculated over the trailing 6-month period	5.49%	58.31%	-52.82%
Volatility (1Y) Calculated over the trailing 1-year period	7.27%	58.90%	-51.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.28%	36.15%	-26.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.28%	31.84%	-22.56%

IVVB vs. SLV - Expense Ratio Comparison

Both IVVB and SLV have an expense ratio of 0.50%.

Dividends

IVVB vs. SLV - Dividend Comparison

IVVB's dividend yield for the trailing twelve months is around 1.17%, while SLV has not paid dividends to shareholders.

Position	TTM	2025	2024
IVVB iShares Large Cap Deep Buffer ETF	1.17%	1.22%	0.87%
SLV iShares Silver Trust	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVVB and SLV in my portfolio?

IVVB and SLV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVVB or SLV?

SLV has higher volatility (16.30%) compared to IVVB (0.74%). In terms of maximum drawdown, IVVB dropped -13.08% vs SLV's -76.28%.

Which ETF is better, IVVB or SLV?

On 1-year performance, SLV leads with 110.59% vs 14.57% for IVVB. Both ETFs have the same 0.50% expense ratio. On volatility, IVVB has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVVB or SLV?

Over the 1-year period, SLV has performed better with a 110.59% return vs 14.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVVB or SLV?

IVVB and SLV have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, IVVB or SLV?

IVVB has the higher dividend yield at 1.17%, compared with 0.00% for SLV.

What is the main difference between IVVB and SLV?

IVVB is categorized as Options Trading, while SLV is Silver.

Which has better risk-adjusted returns?

IVVB currently has the higher Sharpe Ratio (2.02 vs 1.89), 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.