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PSLV vs. SLVP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PSLV vs. SLVP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Silver Trust (PSLV) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PSLV achieves a -1.78% return, which is significantly lower than SLVP's 2.25% return. Both investments have delivered pretty close results over the past 10 years, with PSLV having a 13.97% annualized return and SLVP not far behind at 13.67%.


PSLV

1D
-2.76%
1M
-1.61%
YTD
-1.78%
6M
18.46%
1Y
100.09%
3Y*
41.73%
5Y*
18.43%
10Y*
13.97%

SLVP

1D
-5.14%
1M
1.42%
YTD
2.25%
6M
13.09%
1Y
112.07%
3Y*
52.07%
5Y*
15.97%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSLV vs. SLVP - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PSLV
Sprott Physical Silver Trust
-1.78%145.08%19.43%-1.94%2.74%-14.13%42.81%16.99%-11.83%4.28%
SLVP
iShares MSCI Global Silver and Metals Miners ETF
2.25%202.84%14.47%-2.31%-18.06%-23.53%56.45%37.71%-22.10%4.53%

Correlation

The correlation between PSLV and SLVP is 0.80, 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

0.80

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

0.79

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

0.78

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

0.76

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

0.73

The correlation between PSLV and SLVP has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

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Return for Risk

PSLV vs. SLVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSLV
PSLV Risk / Return Rank: 7979
Overall Rank
PSLV Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PSLV Sortino Ratio Rank: 7474
Sortino Ratio Rank
PSLV Omega Ratio Rank: 8181
Omega Ratio Rank
PSLV Calmar Ratio Rank: 7878
Calmar Ratio Rank
PSLV Martin Ratio Rank: 7676
Martin Ratio Rank

SLVP
SLVP Risk / Return Rank: 5555
Overall Rank
SLVP Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SLVP Sortino Ratio Rank: 4848
Sortino Ratio Rank
SLVP Omega Ratio Rank: 5151
Omega Ratio Rank
SLVP Calmar Ratio Rank: 6666
Calmar Ratio Rank
SLVP Martin Ratio Rank: 5050
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.

PSLV vs. SLVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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.


PSLVSLVPDifference
Sharpe ratioReturn per unit of total volatility

-0.40

Sortino ratioReturn per unit of downside risk

-0.44

Omega ratioGain probability vs. loss probability

1.32

1.33

0.00

Calmar ratioReturn relative to maximum drawdown

2.48

3.36

-0.88

Martin ratioReturn relative to average drawdown

5.50

8.53

-3.03

PSLV vs. SLVP - Sharpe Ratio Comparison

The current PSLV Sharpe Ratio is 1.72, which is comparable to the SLVP Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PSLV and SLVP, 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


PSLVSLVPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

2.12

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.38

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.32

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.09

+0.08

Drawdowns

PSLV vs. SLVP - Drawdown Comparison

The maximum PSLV drawdown since its inception was -79.38%, roughly equal to the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for PSLV and SLVP.


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Drawdown Indicators


PSLVSLVPDifference

Max Drawdown

Largest peak-to-trough decline

-79.38%

-80.47%

+1.09%

Max Drawdown (1Y)

Largest decline over 1 year

-40.65%

-33.57%

-7.08%

Max Drawdown (3Y)

Largest decline over 3 years

-40.65%

-33.57%

-7.08%

Max Drawdown (5Y)

Largest decline over 5 years

-40.65%

-54.78%

+14.13%

Max Drawdown (10Y)

Largest decline over 10 years

-42.79%

-62.03%

+19.24%

Current Drawdown

Current decline from peak

-36.11%

-26.25%

-9.86%

Average Drawdown

Average peak-to-trough decline

-58.15%

-46.82%

-11.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.25%

13.18%

+5.07%

Volatility

PSLV vs. SLVP - Volatility Comparison

The current volatility for Sprott Physical Silver Trust (PSLV) is 16.57%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 17.59%. This indicates that PSLV experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PSLVSLVPDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.57%

17.59%

-1.02%

Volatility (6M)

Calculated over the trailing 6-month period

57.35%

43.22%

+14.13%

Volatility (1Y)

Calculated over the trailing 1-year period

58.49%

53.06%

+5.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.64%

42.76%

-7.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.14%

42.24%

-11.10%

PSLV vs. SLVP - Expense Ratio Comparison

PSLV has a 0.51% expense ratio, which is higher than SLVP's 0.39% expense ratio.


Dividends

PSLV vs. SLVP - Dividend Comparison

PSLV has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.74%.


PositionTTM20252024202320222021202020192018201720162015
PSLV
Sprott Physical 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%
SLVP
iShares MSCI Global Silver and Metals Miners ETF
1.74%1.78%1.05%0.88%0.63%1.63%2.39%2.03%1.28%0.85%2.32%0.72%

Frequently Asked Questions


PSLV and SLVP have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLVP has higher volatility (17.59%) compared to PSLV (16.57%). In terms of maximum drawdown, PSLV dropped -79.38% vs SLVP's -80.47%.

On 10-year performance, PSLV leads with 13.97% vs 13.67% for SLVP. On fees, SLVP is cheaper at 0.39% per year. On volatility, PSLV has been the lower-risk option at 16.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PSLV has performed better with a 13.97% return vs 13.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SLVP is cheaper with a 0.39% expense ratio, compared with 0.51% for PSLV.

SLVP has the higher dividend yield at 1.74%, compared with 0.00% for PSLV.

PSLV tracks No Index (Physical Silver), while SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.51% for PSLV and 0.39% for SLVP.

SLVP currently has the higher Sharpe Ratio (2.12 vs 1.72), 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 PSLV and SLVP

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