IXN vs. SLV
IXN (iShares Global Tech ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, IXN returned 25.29%/yr vs 12.68%/yr for SLV. At a 0.20 correlation, their price movements are largely independent. IXN charges 0.46%/yr vs 0.50%/yr for SLV.
Performance
IXN vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 32.88% return, which is significantly higher than SLV's -13.49% return. Over the past 10 years, IXN has outperformed SLV with an annualized return of 25.29%, while SLV has yielded a comparatively lower 12.68% annualized return.
IXN
- 1D
- -5.33%
- 1M
- 3.10%
- YTD
- 32.88%
- 6M
- 32.08%
- 1Y
- 59.88%
- 3Y*
- 32.94%
- 5Y*
- 20.94%
- 10Y*
- 25.29%
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
IXN vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 32.88% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
SLV iShares Silver Trust | -13.49% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between IXN and SLV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
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 | 0.20 |
The correlation between IXN and SLV shifts across timeframes, from 0.20 (10 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IXN vs. SLV — Risk / Return Rank
IXN
SLV
IXN vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.
| IXN | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 1.47 | +2.89 |
| Martin ratioReturn relative to average drawdown | 14.06 | 3.16 | +10.90 |
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Drawdowns
IXN vs. SLV - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IXN and SLV.
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Drawdown Indicators
| IXN | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -76.28% | +20.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -47.23% | +33.43% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -47.23% | +21.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -47.23% | +10.93% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -47.23% | +10.93% |
Current DrawdownCurrent decline from peak | -6.82% | -47.23% | +40.41% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -44.65% | +33.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 21.91% | -17.64% |
Volatility
IXN vs. SLV - Volatility Comparison
iShares Global Tech ETF (IXN) and iShares Silver Trust (SLV) have volatilities of 14.03% and 14.34%, 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.
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Volatility by Period
| IXN | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 14.34% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.54% | 59.27% | -37.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.21% | 60.33% | -35.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 36.59% | -11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 32.09% | -7.42% |
IXN vs. SLV - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IXN vs. SLV - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.79%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.79% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
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
IXN and SLV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to IXN (14.03%). In terms of maximum drawdown, IXN dropped -55.67% vs SLV's -76.28%.
On 10-year performance, IXN leads with 25.29% vs 12.68% for SLV. On fees, IXN is cheaper at 0.46% per year. On volatility, IXN has been the lower-risk option at 14.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXN has performed better with a 25.29% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 0.50% for SLV.
IXN has the higher dividend yield at 0.79%, compared with 0.00% for SLV.
IXN is categorized as Technology Equities, while SLV is Silver. IXN tracks S&P Global Information Technology Sector Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.46% for IXN and 0.50% for SLV.
IXN currently has the higher Sharpe Ratio (2.39 vs 1.15), 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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