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PICK vs. SIVR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PICK vs. SIVR

Last updated Jun 4, 2026

PICK (iShares MSCI Global Select Metals & Mining Producers ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - PICK is a Materials fund tracking the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, PICK returned 17.67%/yr vs 15.77%/yr for SIVR. At a 0.40 correlation, their price movements are largely independent. PICK charges 0.39%/yr vs 0.30%/yr for SIVR.

Performance

PICK vs. SIVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and abrdn Physical Silver Shares ETF (SIVR). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PICK achieves a 30.58% return, which is significantly higher than SIVR's 2.85% return. Over the past 10 years, PICK has outperformed SIVR with an annualized return of 17.67%, while SIVR has yielded a comparatively lower 15.77% annualized return.

PICK

1D
-2.74%
1M
11.27%
YTD
30.58%
6M
38.84%
1Y
88.13%
3Y*
22.92%
5Y*
11.78%
10Y*
17.67%

SIVR

1D
-2.62%
1M
0.42%
YTD
2.85%
6M
24.90%
1Y
110.95%
3Y*
45.38%
5Y*
21.00%
10Y*
15.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PICK vs. SIVR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PICK
iShares MSCI Global Select Metals & Mining Producers ETF		30.58%51.89%-16.37%9.69%2.54%22.61%27.46%16.47%-18.65%38.42%
SIVR
abrdn Physical Silver Shares ETF		2.85%145.34%21.08%-0.91%2.59%-12.33%47.52%15.17%-8.96%5.97%

Correlation

The correlation between PICK and SIVR is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

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

0.58

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

0.54

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

0.43

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.40

Over the past year, PICK and SIVR have become more correlated (0.65) than their long-term average of 0.40, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Global Select Metals & Mining Producers ETF

abrdn Physical Silver Shares ETF

Often compared with PICK:
PICK vs. XMEPICK vs. GLTRPICK vs. DBBPICK vs. ICOPPICK vs. DIVSPICK vs. PFFRPICK vs. GAL
Often compared with SIVR:
SIVR vs. SLVSIVR vs. PSLV.TOSIVR vs. SLVPSIVR vs. AGQSIVR vs. GLDMSIVR vs. GLDSIVR vs. SLVR.L

Return for Risk

PICK vs. SIVR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PICK
PICK Risk / Return Rank: 8484
Overall Rank
PICK Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
PICK Sortino Ratio Rank: 7979
Sortino Ratio Rank
PICK Omega Ratio Rank: 8383
Omega Ratio Rank
PICK Calmar Ratio Rank: 8383
Calmar Ratio Rank
PICK Martin Ratio Rank: 8585
Martin Ratio Rank
SIVR
SIVR Risk / Return Rank: 4848
Overall Rank
SIVR Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
SIVR Sortino Ratio Rank: 3939
Sortino Ratio Rank
SIVR Omega Ratio Rank: 5656
Omega Ratio Rank
SIVR Calmar Ratio Rank: 5252
Calmar Ratio Rank
SIVR Martin Ratio Rank: 3636
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.

PICK vs. SIVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and abrdn Physical Silver Shares ETF (SIVR). 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.

PICKSIVRDifference
Sharpe ratioReturn per unit of total volatility
3.16
1.90

+1.26

Sortino ratioReturn per unit of downside risk
3.63
2.07

+1.56

Omega ratioGain probability vs. loss probability

1.51

1.35

+0.15

Calmar ratioReturn relative to maximum drawdown

4.53

2.63

+1.90

Martin ratioReturn relative to average drawdown

18.20

5.67

+12.53

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PICK vs. SIVR - Sharpe Ratio Comparison

The current PICK Sharpe Ratio is 3.16, which is higher than the SIVR Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of PICK and SIVR, 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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Sharpe Ratios by Period

PICKSIVRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.16

1.90

+1.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.58

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.50

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.32

-0.11

Drawdowns

PICK vs. SIVR - Drawdown Comparison

The maximum PICK drawdown since its inception was -68.87%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for PICK and SIVR.

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Drawdown Indicators

PICKSIVRDifference

Max Drawdown

Largest peak-to-trough decline

-68.87%

-75.85%

+6.98%

Max Drawdown (1Y)

Largest decline over 1 year

-19.54%

-42.42%

+22.88%

Max Drawdown (3Y)

Largest decline over 3 years

-32.52%

-42.42%

+9.90%

Max Drawdown (5Y)

Largest decline over 5 years

-36.37%

-42.42%

+6.05%

Max Drawdown (10Y)

Largest decline over 10 years

-52.72%

-42.42%

-10.30%

Current Drawdown

Current decline from peak

-2.74%

-37.25%

+34.51%

Average Drawdown

Average peak-to-trough decline

-24.12%

-47.85%

+23.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.86%

19.64%

-14.78%

Volatility

PICK vs. SIVR - Volatility Comparison

The current volatility for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) is 10.99%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.28%. This indicates that PICK experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PICKSIVRDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.99%

16.28%

-5.29%

Volatility (6M)

Calculated over the trailing 6-month period

24.11%

58.30%

-34.19%

Volatility (1Y)

Calculated over the trailing 1-year period

28.10%

58.84%

-30.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.78%

36.17%

-8.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.37%

31.87%

-3.50%

PICK vs. SIVR - Expense Ratio Comparison

PICK has a 0.39% expense ratio, which is higher than SIVR's 0.30% expense ratio.

Dividends

PICK vs. SIVR - Dividend Comparison

PICK's dividend yield for the trailing twelve months is around 2.20%, while SIVR has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
PICK
iShares MSCI Global Select Metals & Mining Producers ETF		2.20%2.88%3.26%4.19%6.93%5.89%2.27%5.51%4.77%2.41%1.15%15.77%
SIVR
abrdn Physical Silver Shares ETF		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

PICK and SIVR have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SIVR has higher volatility (16.28%) compared to PICK (10.99%). In terms of maximum drawdown, PICK dropped -68.87% vs SIVR's -75.85%.

On 10-year performance, PICK leads with 17.67% vs 15.77% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, PICK has been the lower-risk option at 10.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PICK has performed better with a 17.67% return vs 15.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SIVR is cheaper with a 0.30% expense ratio, compared with 0.39% for PICK.

PICK has the higher dividend yield at 2.20%, compared with 0.00% for SIVR.

PICK is categorized as Materials, while SIVR is Silver. PICK tracks MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: iShares and abrdn. Their fees differ too: 0.39% for PICK and 0.30% for SIVR.

PICK currently has the higher Sharpe Ratio (3.15 vs 1.90), 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.

Portfolio Optimizer

Find the right allocation for PICK and SIVR

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