MA vs. SLV

Last updated Jun 13, 2026

MA (Mastercard Incorporated) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, MA returned 18.64%/yr vs 13.99%/yr for SLV. At a 0.11 correlation, their price movements are largely independent.

Performance

MA vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mastercard Incorporated (MA) 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, MA achieves a -13.89% return, which is significantly lower than SLV's -4.86% return. Over the past 10 years, MA has outperformed SLV with an annualized return of 18.64%, while SLV has yielded a comparatively lower 13.99% annualized return.

MA

• 1D: 0.71%
• 1M: -0.13%
• YTD: -13.89%
• 6M: -14.05%
• 1Y: -16.36%
• 3Y*: 10.32%
• 5Y*: 6.66%
• 10Y*: 18.64%

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%

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

MA vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MA Mastercard Incorporated	-13.89%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%
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 MA and SLV is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since May 25, 2006	0.11

The correlation between MA and SLV shifts across timeframes, from -0.06 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MA vs. SLV — Risk / Return Rank

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

MA

MA Risk / Return Rank: 11
MA Sharpe Ratio Rank: 12
MA Sortino Ratio Rank: 14
MA Omega Ratio Rank: 14
MA Calmar Ratio Rank: 13
MA Martin Ratio Rank: 5

SLV

SLV Risk / Return Rank: 42
SLV Sharpe Ratio Rank: 47
SLV Sortino Ratio Rank: 38
SLV Omega Ratio Rank: 53
SLV Calmar Ratio Rank: 43
SLV Martin Ratio Rank: 32

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.

MA vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mastercard Incorporated (MA) 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.

	MA	SLV	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	1.44	-2.17
Sortino ratio: Return per unit of downside risk	-0.91	1.76	-2.66
Omega ratio: Gain probability vs. loss probability	0.89	1.29	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.79	1.89	-2.68
Martin ratio: Return relative to average drawdown	-1.59	4.10	-5.69

MA vs. SLV - Sharpe Ratio Comparison

The current MA Sharpe Ratio is -0.74, which is lower than the SLV Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of MA 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.

Drawdowns

MA vs. SLV - Drawdown Comparison

The maximum MA drawdown since its inception was -62.67%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for MA and SLV.

Drawdown Indicators

	MA	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-76.28%	+13.61%
Max Drawdown (1Y) Largest decline over 1 year	-20.91%	-45.40%	+24.49%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-45.40%	+24.49%
Max Drawdown (5Y) Largest decline over 5 years	-28.25%	-45.40%	+17.15%
Max Drawdown (10Y) Largest decline over 10 years	-41.00%	-45.40%	+4.40%
Current Drawdown Current decline from peak	-17.82%	-41.96%	+24.14%
Average Drawdown Average peak-to-trough decline	-9.82%	-44.66%	+34.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.48%	20.88%	-10.40%

Volatility

MA vs. SLV - Volatility Comparison

The current volatility for Mastercard Incorporated (MA) is 6.46%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that MA 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

	MA	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.46%	16.34%	-9.88%
Volatility (6M) Calculated over the trailing 6-month period	17.51%	59.10%	-41.59%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	59.82%	-37.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.01%	36.46%	-12.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	32.00%	-5.08%

Dividends

MA vs. SLV - Dividend Comparison

MA's dividend yield for the trailing twelve months is around 0.67%, while SLV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MA Mastercard Incorporated	0.67%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%
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

Can I hold both MA and SLV in my portfolio?

MA and SLV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MA or SLV?

SLV has higher volatility (16.34%) compared to MA (6.46%). In terms of maximum drawdown, MA dropped -62.67% vs SLV's -76.28%.

Which has better risk-adjusted returns?

SLV currently has the higher Sharpe Ratio (1.44 vs -0.74), 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.