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MPLX vs. SLV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MPLX vs. SLV

Last updated Jun 20, 2026

MPLX (MPLX LP) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, MPLX returned 15.31%/yr vs 13.58%/yr for SLV. At a 0.11 correlation, their price movements are largely independent.

Performance

MPLX vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MPLX LP (MPLX) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MPLX achieves a 10.71% return, which is significantly higher than SLV's -7.62% return. Over the past 10 years, MPLX has outperformed SLV with an annualized return of 15.31%, while SLV has yielded a comparatively lower 13.58% annualized return.

MPLX

1D
1.66%
1M
0.66%
YTD
10.71%
6M
10.03%
1Y
19.67%
3Y*
28.75%
5Y*
24.50%
10Y*
15.31%

SLV

1D
-1.81%
1M
-12.95%
YTD
-7.62%
6M
-2.33%
1Y
81.88%
3Y*
38.96%
5Y*
20.04%
10Y*
13.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MPLX vs. SLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MPLX
MPLX LP		10.71%20.54%41.72%22.46%21.09%53.92%-1.79%-8.25%-8.43%9.00%
SLV
iShares Silver Trust		-7.62%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%

Correlation

The correlation between MPLX and SLV is -0.01, 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

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2012

0.11

The correlation between MPLX and SLV shifts across timeframes, from -0.01 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

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MPLX LP

iShares Silver Trust

Often compared with MPLX:
MPLX vs. EPDMPLX vs. WESMPLX vs. HESMMPLX vs. PAAMPLX vs. MPCMPLX vs. ENFRMPLX vs. XLE
Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ

Return for Risk

MPLX vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MPLX
MPLX Risk / Return Rank: 7676
Overall Rank
MPLX Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
MPLX Sortino Ratio Rank: 7272
Sortino Ratio Rank
MPLX Omega Ratio Rank: 7070
Omega Ratio Rank
MPLX Calmar Ratio Rank: 8080
Calmar Ratio Rank
MPLX Martin Ratio Rank: 7979
Martin Ratio Rank
SLV
SLV Risk / Return Rank: 3636
Overall Rank
SLV Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3232
Sortino Ratio Rank
SLV Omega Ratio Rank: 4444
Omega Ratio Rank
SLV Calmar Ratio Rank: 3636
Calmar Ratio Rank
SLV Martin Ratio Rank: 2828
Martin Ratio Rank
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.

MPLX vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) 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.

MPLXSLVDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.32

-0.07

Sortino ratioReturn per unit of downside risk
1.77
1.67

+0.09

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

2.55

1.75

+0.81

Martin ratioReturn relative to average drawdown

5.92

3.68

+2.24

MPLX vs. SLV - Sharpe Ratio Comparison

The current MPLX Sharpe Ratio is 1.25, which is comparable to the SLV Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MPLX 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.

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Drawdowns

MPLX vs. SLV - Drawdown Comparison

The maximum MPLX drawdown since its inception was -85.72%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for MPLX and SLV.

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Drawdown Indicators

MPLXSLVDifference

Max Drawdown

Largest peak-to-trough decline

-85.72%

-76.28%

-9.44%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-45.40%

+37.69%

Max Drawdown (3Y)

Largest decline over 3 years

-14.58%

-45.40%

+30.82%

Max Drawdown (5Y)

Largest decline over 5 years

-18.46%

-45.40%

+26.94%

Max Drawdown (10Y)

Largest decline over 10 years

-75.21%

-45.40%

-29.81%

Current Drawdown

Current decline from peak

-2.06%

-43.65%

+41.59%

Average Drawdown

Average peak-to-trough decline

-29.91%

-44.65%

+14.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.32%

21.52%

-18.20%

Volatility

MPLX vs. SLV - Volatility Comparison

The current volatility for MPLX LP (MPLX) is 4.72%, while iShares Silver Trust (SLV) has a volatility of 14.09%. This indicates that MPLX 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

MPLXSLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

14.09%

-9.37%

Volatility (6M)

Calculated over the trailing 6-month period

11.52%

59.18%

-47.66%

Volatility (1Y)

Calculated over the trailing 1-year period

15.77%

60.10%

-44.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.37%

36.50%

-17.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.63%

32.04%

-1.41%

Dividends

MPLX vs. SLV - Dividend Comparison

MPLX's dividend yield for the trailing twelve months is around 7.36%, while SLV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MPLX
MPLX LP		7.36%7.39%7.33%8.65%8.80%11.30%12.70%10.41%8.22%6.23%5.86%4.33%
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

MPLX and SLV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLV has higher volatility (14.09%) compared to MPLX (4.72%). In terms of maximum drawdown, MPLX dropped -85.72% vs SLV's -76.28%.

SLV currently has the higher Sharpe Ratio (1.32 vs 1.25), 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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