M vs. SLVP
M (Macy's, Inc.) is a stock, while SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Over the past 10 years, M returned -0.13%/yr vs 13.67%/yr for SLVP. At a 0.08 correlation, their price movements are largely independent.
Performance
M vs. SLVP - Performance Comparison
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Returns By Period
In the year-to-date period, M achieves a -0.02% return, which is significantly lower than SLVP's 2.25% return. Over the past 10 years, M has underperformed SLVP with an annualized return of -0.13%, while SLVP has yielded a comparatively higher 13.67% annualized return.
M
- 1D
- 0.60%
- 1M
- 14.02%
- YTD
- -0.02%
- 6M
- -1.10%
- 1Y
- 98.48%
- 3Y*
- 17.28%
- 5Y*
- 7.89%
- 10Y*
- -0.13%
SLVP
- 1D
- -5.14%
- 1M
- 1.42%
- YTD
- 2.25%
- 6M
- 13.09%
- 1Y
- 112.07%
- 3Y*
- 52.07%
- 5Y*
- 15.97%
- 10Y*
- 13.67%
M vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | -0.02% | 36.55% | -12.41% | 1.64% | -18.66% | 135.80% | -31.08% | -38.20% | 23.64% | -25.29% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.25% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
Correlation
The correlation between M and SLVP is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.08 |
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Return for Risk
M vs. SLVP — Risk / Return Rank
M
SLVP
M vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macy's, Inc. (M) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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.
| M | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.36 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.35 | 8.53 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| M | SLVP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.12 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.38 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | 0.32 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.09 | +0.02 |
Drawdowns
M vs. SLVP - Drawdown Comparison
The maximum M drawdown since its inception was -91.95%, which is greater than SLVP's maximum drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for M and SLVP.
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Drawdown Indicators
| M | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.95% | -80.47% | -11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -28.61% | -33.57% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -51.33% | -33.57% | -17.76% |
Max Drawdown (5Y)Largest decline over 5 years | -69.65% | -54.78% | -14.87% |
Max Drawdown (10Y)Largest decline over 10 years | -87.79% | -62.03% | -25.76% |
Current DrawdownCurrent decline from peak | -52.32% | -26.25% | -26.07% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -46.82% | +12.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.84% | 13.18% | -1.34% |
Volatility
M vs. SLVP - Volatility Comparison
The current volatility for Macy's, Inc. (M) is 12.73%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 17.59%. This indicates that M experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.73% | 17.59% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 27.84% | 43.22% | -15.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.33% | 53.06% | -7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.04% | 42.76% | +11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.08% | 42.24% | +13.84% |
Dividends
M vs. SLVP - Dividend Comparison
M's dividend yield for the trailing twelve months is around 3.39%, more than SLVP's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | 3.39% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 1.74% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
Frequently Asked Questions
M and SLVP have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVP has higher volatility (17.59%) compared to M (12.73%). In terms of maximum drawdown, M dropped -91.95% vs SLVP's -80.47%.
M currently has the higher Sharpe Ratio (2.19 vs 2.12), 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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