PNAIX vs. SLV
Compare and contrast key facts about T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) and iShares Silver Trust (SLV).
PNAIX is a passively managed fund by T. Rowe Price that tracks the performance of the Russell 3000 Index. It was launched on Dec 17, 2015. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. Both PNAIX and SLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PNAIX vs. SLV - Performance Comparison
Loading graphics...
PNAIX vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | -12.32% | 26.95% | 25.43% | 29.18% | -21.25% | 20.76% | 44.92% | 35.66% | 1.40% | 20.15% |
SLV iShares Silver Trust | 5.77% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Returns By Period
In the year-to-date period, PNAIX achieves a -12.32% return, which is significantly lower than SLV's 5.77% return. Over the past 10 years, PNAIX has underperformed SLV with an annualized return of 15.11%, while SLV has yielded a comparatively higher 16.87% annualized return.
PNAIX
- 1D
- -0.24%
- 1M
- -9.12%
- YTD
- -12.32%
- 6M
- -3.70%
- 1Y
- 16.53%
- 3Y*
- 18.96%
- 5Y*
- 10.51%
- 10Y*
- 15.11%
SLV
- 1D
- 7.27%
- 1M
- -19.83%
- YTD
- 5.77%
- 6M
- 60.82%
- 1Y
- 119.88%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PNAIX vs. SLV - Expense Ratio Comparison
PNAIX has a 0.66% expense ratio, which is higher than SLV's 0.50% expense ratio.
Return for Risk
PNAIX vs. SLV — Risk / Return Rank
PNAIX
SLV
PNAIX vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) 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.
| PNAIX | SLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 2.11 | -1.24 |
Sortino ratioReturn per unit of downside risk | 1.44 | 2.20 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.82 | -1.79 |
Martin ratioReturn relative to average drawdown | 3.84 | 8.79 | -4.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PNAIX | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.11 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.69 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.54 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.25 | +0.50 |
Correlation
The correlation between PNAIX and SLV is 0.16, 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.
Dividends
PNAIX vs. SLV - Dividend Comparison
PNAIX's dividend yield for the trailing twelve months is around 19.22%, while SLV has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | 19.22% | 16.85% | 9.37% | 5.23% | 3.31% | 20.62% | 15.56% | 7.43% | 12.75% | 0.29% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PNAIX vs. SLV - Drawdown Comparison
The maximum PNAIX drawdown since its inception was -30.49%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for PNAIX and SLV.
Loading graphics...
Drawdown Indicators
| PNAIX | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -76.28% | +45.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -42.45% | +28.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -42.45% | +13.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | -42.81% | +12.32% |
Current DrawdownCurrent decline from peak | -14.02% | -35.47% | +21.45% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -44.76% | +39.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 13.63% | -9.85% |
Volatility
PNAIX vs. SLV - Volatility Comparison
The current volatility for T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) is 4.88%, while iShares Silver Trust (SLV) has a volatility of 18.91%. This indicates that PNAIX 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.
Loading graphics...
Volatility by Period
| PNAIX | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 18.91% | -14.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 57.27% | -44.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.41% | 57.07% | -37.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 35.28% | -17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 31.36% | -12.10% |