REZ vs. SLV
REZ (iShares Residential Real Estate ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, REZ returned 6.81%/yr vs 12.68%/yr for SLV. At a 0.15 correlation, their price movements are largely independent. REZ charges 0.48%/yr vs 0.50%/yr for SLV.
Performance
REZ vs. SLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REZ achieves a 11.57% return, which is significantly higher than SLV's -13.49% return. Over the past 10 years, REZ has underperformed SLV with an annualized return of 6.81%, while SLV has yielded a comparatively higher 12.68% annualized return.
REZ
- 1D
- 1.85%
- 1M
- 0.19%
- YTD
- 11.57%
- 6M
- 12.05%
- 1Y
- 12.95%
- 3Y*
- 12.29%
- 5Y*
- 4.34%
- 10Y*
- 6.81%
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
REZ vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 11.57% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
SLV iShares Silver Trust | -13.49% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between REZ and SLV is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 4, 2007 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REZ vs. SLV — Risk / Return Rank
REZ
SLV
REZ vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
| REZ | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.47 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.49 | 3.16 | +1.32 |
Loading charts...
Drawdowns
REZ vs. SLV - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for REZ and SLV.
Loading charts...
Drawdown Indicators
| REZ | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -76.28% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -47.23% | +38.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -47.23% | +28.84% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -47.23% | +12.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -47.23% | +3.08% |
Current DrawdownCurrent decline from peak | -0.64% | -47.23% | +46.59% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -44.65% | +31.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 21.91% | -19.02% |
Volatility
REZ vs. SLV - Volatility Comparison
The current volatility for iShares Residential Real Estate ETF (REZ) is 6.03%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that REZ 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 charts...
Volatility by Period
| REZ | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 14.34% | -8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 59.27% | -47.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 60.33% | -45.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 36.59% | -17.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 32.09% | -10.51% |
REZ vs. SLV - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
REZ vs. SLV - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.06%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.06% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
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
REZ and SLV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to REZ (6.03%). In terms of maximum drawdown, REZ dropped -66.87% vs SLV's -76.28%.
On 10-year performance, SLV leads with 12.68% vs 6.81% for REZ. On fees, REZ is cheaper at 0.48% per year. On volatility, REZ has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 12.68% return vs 6.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REZ is cheaper with a 0.48% expense ratio, compared with 0.50% for SLV.
REZ has the higher dividend yield at 2.06%, compared with 0.00% for SLV.
REZ is categorized as REIT, while SLV is Silver. REZ tracks FTSE NAREIT All Residential Capped Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.48% for REZ and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (1.15 vs 0.87), 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.
Find the right allocation for REZ and SLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer