MDT vs. SLV
MDT (Medtronic plc) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, MDT returned 2.04%/yr vs 14.08%/yr for SLV. At a 0.12 correlation, their price movements are largely independent.
Performance
MDT vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -15.31% return, which is significantly lower than SLV's -4.41% return. Over the past 10 years, MDT has underperformed SLV with an annualized return of 2.04%, while SLV has yielded a comparatively higher 14.08% annualized return.
MDT
- 1D
- -1.20%
- 1M
- 5.96%
- YTD
- -15.31%
- 6M
- -19.07%
- 1Y
- -4.79%
- 3Y*
- 2.04%
- 5Y*
- -5.25%
- 10Y*
- 2.04%
SLV
- 1D
- 0.02%
- 1M
- -15.66%
- YTD
- -4.41%
- 6M
- 16.83%
- 1Y
- 88.38%
- 3Y*
- 40.36%
- 5Y*
- 19.02%
- 10Y*
- 14.08%
MDT vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -15.31% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
SLV iShares Silver Trust | -4.41% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between MDT and SLV is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 1, 2006 | 0.12 |
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Return for Risk
MDT vs. SLV — Risk / Return Rank
MDT
SLV
MDT vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) 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.
| MDT | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.09 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.43 | 4.40 | -4.83 |
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
| MDT | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 1.50 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.53 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.44 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.23 | +0.24 |
Drawdowns
MDT vs. SLV - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for MDT and SLV.
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Drawdown Indicators
| MDT | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -76.28% | +18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -42.45% | +13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -42.45% | +13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -42.45% | -2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -42.81% | -2.29% |
Current DrawdownCurrent decline from peak | -30.81% | -41.69% | +10.88% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -44.67% | +28.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.17% | 20.15% | -8.98% |
Volatility
MDT vs. SLV - Volatility Comparison
The current volatility for Medtronic plc (MDT) is 10.04%, while iShares Silver Trust (SLV) has a volatility of 16.89%. This indicates that MDT 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
| MDT | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 16.89% | -6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 58.88% | -42.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 59.53% | -38.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 36.33% | -14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 31.92% | -8.68% |
Dividends
MDT vs. SLV - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.52%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.52% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
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
MDT and SLV have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.89%) compared to MDT (10.04%). In terms of maximum drawdown, MDT dropped -57.63% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.50 vs -0.23), 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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