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 2.24%/yr vs 10.57%/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 -11.80% return, which is significantly higher than SLV's -20.86% return. Over the past 10 years, MDT has underperformed SLV with an annualized return of 2.24%, while SLV has yielded a comparatively higher 10.57% annualized return.
MDT
- 1D
- 0.11%
- 1M
- 5.93%
- 6M
- -12.44%
- YTD
- -11.80%
- 1Y
- -4.03%
- 3Y*
- 1.10%
- 5Y*
- -5.17%
- 10Y*
- 2.24%
- ALL TIME*
- 13.23%
SLV
- 1D
- 0.39%
- 1M
- -14.33%
- 6M
- -37.08%
- YTD
- -20.86%
- 1Y
- 47.30%
- 3Y*
- 31.21%
- 5Y*
- 16.83%
- 10Y*
- 10.57%
- ALL TIME*
- 7.03%
MDT vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -11.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
SLV iShares Silver Trust | -20.86% | 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 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.
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.
| MDT | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.19 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.91 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.30 | 1.85 | -2.15 |
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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% | -52.28% | +23.38% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -52.28% | +23.38% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -52.28% | +7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -52.28% | +7.18% |
Current DrawdownCurrent decline from peak | -27.93% | -51.72% | +23.79% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -44.67% | +28.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 25.64% | -12.40% |
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 12.54%. 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% | 12.54% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 56.50% | -37.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.34% | 61.24% | -37.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 36.87% | -14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 32.18% | -8.73% |
Dividends
MDT vs. SLV - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.42%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.42% | 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 (12.54%) 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 (0.78 vs -0.17), 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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