PICK vs. SIVR
Compare and contrast key facts about iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Aberdeen Standard Physical Silver Shares ETF (SIVR).
PICK and SIVR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. SIVR is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Silver Price ($/ozt). It was launched on Jul 24, 2009. Both PICK and SIVR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PICK or SIVR.
Key characteristics
| PICK | SIVR | |
|---|---|---|
| YTD Return | -0.93% | 10.54% |
| 1Y Return | 8.67% | 5.23% |
| 3Y Return (Ann) | 3.20% | 0.25% |
| 5Y Return (Ann) | 12.68% | 12.14% |
| 10Y Return (Ann) | 5.55% | 2.76% |
| Sharpe Ratio | 0.37 | 0.19 |
| Daily Std Dev | 21.92% | 25.26% |
| Max Drawdown | -68.88% | -75.85% |
| Current Drawdown | -9.92% | -47.78% |
Correlation
The correlation between PICK and SIVR is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PICK vs. SIVR - Performance Comparison
In the year-to-date period, PICK achieves a -0.93% return, which is significantly lower than SIVR's 10.54% return. Over the past 10 years, PICK has outperformed SIVR with an annualized return of 5.55%, while SIVR has yielded a comparatively lower 2.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PICK vs. SIVR - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Risk-Adjusted Performance
PICK vs. SIVR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Aberdeen Standard 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.
Dividends
PICK vs. SIVR - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 4.23%, while SIVR has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 4.23% | 4.19% | 6.93% | 5.89% | 2.27% | 5.50% | 4.76% | 2.41% | 1.15% | 15.73% | 2.88% | 3.38% |
SIVR Aberdeen Standard 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% |
Drawdowns
PICK vs. SIVR - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.88%, 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. For additional features, visit the drawdowns tool.
Volatility
PICK vs. SIVR - Volatility Comparison
The current volatility for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) is 5.47%, while Aberdeen Standard Physical Silver Shares ETF (SIVR) has a volatility of 10.36%. 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.