IXP vs. SLV
IXP (iShares Global Comm Services ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - IXP is a Large Cap Growth Equities fund tracking the S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, IXP returned 8.85%/yr vs 11.85%/yr for SLV. At a 0.24 correlation, their price movements are largely independent. IXP charges 0.43%/yr vs 0.50%/yr for SLV.
Performance
IXP vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, IXP achieves a -5.93% return, which is significantly higher than SLV's -19.62% return. Over the past 10 years, IXP has underperformed SLV with an annualized return of 8.85%, while SLV has yielded a comparatively higher 11.85% annualized return.
IXP
- 1D
- -0.59%
- 1M
- -7.48%
- YTD
- -5.93%
- 6M
- -6.00%
- 1Y
- 7.48%
- 3Y*
- 21.04%
- 5Y*
- 7.31%
- 10Y*
- 8.85%
SLV
- 1D
- -7.09%
- 1M
- -24.25%
- YTD
- -19.62%
- 6M
- -20.61%
- 1Y
- 58.79%
- 3Y*
- 36.01%
- 5Y*
- 16.45%
- 10Y*
- 11.85%
IXP vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXP iShares Global Comm Services ETF | -5.93% | 29.27% | 31.33% | 38.80% | -33.40% | 12.77% | 22.16% | 25.23% | -13.67% | 6.65% |
SLV iShares Silver Trust | -19.62% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between IXP 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 (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.24 |
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Return for Risk
IXP vs. SLV — Risk / Return Rank
IXP
SLV
IXP vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) 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.
| IXP | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.16 | -0.55 |
| Martin ratioReturn relative to average drawdown | 1.94 | 2.66 | -0.72 |
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Drawdowns
IXP vs. SLV - Drawdown Comparison
The maximum IXP drawdown since its inception was -50.11%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for IXP and SLV.
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Drawdown Indicators
| IXP | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -76.28% | +26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -50.97% | +38.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -50.97% | +33.43% |
Max Drawdown (5Y)Largest decline over 5 years | -44.30% | -50.97% | +6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -44.30% | -50.97% | +6.67% |
Current DrawdownCurrent decline from peak | -9.86% | -50.97% | +41.11% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -44.66% | +32.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 22.14% | -18.28% |
Volatility
IXP vs. SLV - Volatility Comparison
The current volatility for iShares Global Comm Services ETF (IXP) is 4.80%, while iShares Silver Trust (SLV) has a volatility of 15.67%. This indicates that IXP 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
| IXP | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 15.67% | -10.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 59.65% | -48.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 60.78% | -45.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 36.73% | -17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 32.16% | -13.66% |
IXP vs. SLV - Expense Ratio Comparison
IXP has a 0.43% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
IXP vs. SLV - Dividend Comparison
IXP's dividend yield for the trailing twelve months is around 3.47%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXP iShares Global Comm Services ETF | 3.47% | 2.98% | 1.35% | 1.24% | 0.62% | 1.80% | 0.95% | 2.18% | 4.32% | 3.41% | 4.02% | 3.89% |
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
IXP 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.
SLV has higher volatility (15.67%) compared to IXP (4.80%). In terms of maximum drawdown, IXP dropped -50.11% vs SLV's -76.28%.
On 10-year performance, SLV leads with 11.85% vs 8.85% for IXP. On fees, IXP is cheaper at 0.43% per year. On volatility, IXP has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 11.85% return vs 8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXP is cheaper with a 0.43% expense ratio, compared with 0.50% for SLV.
IXP has the higher dividend yield at 3.47%, compared with 0.00% for SLV.
IXP is categorized as Large Cap Growth Equities, while SLV is Silver. IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while SLV tracks LBMA Silver Price. Their fees differ too: 0.43% for IXP and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (0.97 vs 0.50), 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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