KGC vs. SLV
KGC (Kinross Gold Corporation) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, KGC returned 18.81%/yr vs 13.99%/yr for SLV. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
KGC vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, KGC achieves a -8.92% return, which is significantly lower than SLV's -4.86% return. Over the past 10 years, KGC has outperformed SLV with an annualized return of 18.81%, while SLV has yielded a comparatively lower 13.99% annualized return.
KGC
- 1D
- 2.90%
- 1M
- -18.08%
- YTD
- -8.92%
- 6M
- -8.14%
- 1Y
- 65.63%
- 3Y*
- 76.13%
- 5Y*
- 29.09%
- 10Y*
- 18.81%
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%
KGC vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KGC Kinross Gold Corporation | -8.92% | 206.11% | 55.63% | 51.83% | -27.59% | -19.00% | 56.04% | 46.30% | -25.00% | 38.91% |
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 KGC and SLV is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.63 |
The correlation between KGC and SLV has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
KGC vs. SLV — Risk / Return Rank
KGC
SLV
KGC vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) 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.
| KGC | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.89 | -0.14 |
| Martin ratioReturn relative to average drawdown | 5.20 | 4.10 | +1.10 |
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Drawdowns
KGC vs. SLV - Drawdown Comparison
The maximum KGC drawdown since its inception was -96.00%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for KGC and SLV.
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Drawdown Indicators
| KGC | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -76.28% | -19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -37.69% | -45.40% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -37.69% | -45.40% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -59.29% | -45.40% | -13.89% |
Max Drawdown (10Y)Largest decline over 10 years | -67.75% | -45.40% | -22.35% |
Current DrawdownCurrent decline from peak | -32.63% | -41.96% | +9.33% |
Average DrawdownAverage peak-to-trough decline | -57.60% | -44.66% | -12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.66% | 20.88% | -8.22% |
Volatility
KGC vs. SLV - Volatility Comparison
Kinross Gold Corporation (KGC) has a higher volatility of 18.21% compared to iShares Silver Trust (SLV) at 16.34%. This indicates that KGC's price experiences larger fluctuations and is considered to be riskier 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
| KGC | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.21% | 16.34% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 59.10% | -18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.35% | 59.82% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 36.46% | +7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 32.00% | +15.01% |
Dividends
KGC vs. SLV - Dividend Comparison
KGC's dividend yield for the trailing twelve months is around 0.57%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KGC Kinross Gold Corporation | 0.57% | 0.44% | 1.29% | 1.98% | 2.93% | 2.69% | 0.82% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KGC and SLV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGC has higher volatility (18.21%) compared to SLV (16.34%). In terms of maximum drawdown, KGC dropped -96.00% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.44 vs 1.29), 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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