SI=F vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Silver (SI=F) and Bitcoin (BTC-USD).

Performance

SI=F vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silver (SI=F) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

SI=F vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SI=F Silver	1.70%	141.44%	21.41%	0.19%	2.95%	-11.59%	47.38%	15.32%	-9.36%	7.23%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, SI=F achieves a 1.70% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, SI=F has underperformed BTC-USD with an annualized return of 17.00%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

SI=F

• 1D: -5.62%
• 1M: -13.98%
• YTD: 1.70%
• 6M: 56.10%
• 1Y: 107.23%
• 3Y*: 43.86%
• 5Y*: 23.53%
• 10Y*: 17.00%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SI=F vs. BTC-USD — Risk / Return Rank

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

SI=F

SI=F Risk / Return Rank: 69
SI=F Sharpe Ratio Rank: 71
SI=F Sortino Ratio Rank: 70
SI=F Omega Ratio Rank: 81
SI=F Calmar Ratio Rank: 69
SI=F Martin Ratio Rank: 54

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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.

SI=F vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silver (SI=F) and Bitcoin (BTC-USD). 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.

	SI=F	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.44	-0.43	+1.87
Sortino ratio Return per unit of downside risk	1.83	-0.36	+2.20
Omega ratio Gain probability vs. loss probability	1.32	0.96	+0.36
Calmar ratio Return relative to maximum drawdown	2.60	-1.14	+3.73
Martin ratio Return relative to average drawdown	7.24	-2.03	+9.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SI=F vs. BTC-USD - Sharpe Ratio Comparison

The current SI=F Sharpe Ratio is 1.44, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of SI=F and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SI=F	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	-0.43	+1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.06	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.97	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.18	-0.97

Correlation

The correlation between SI=F and BTC-USD is 0.07, 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.

Drawdowns

SI=F vs. BTC-USD - Drawdown Comparison

The maximum SI=F drawdown since its inception was -91.54%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SI=F and BTC-USD.

Drawdown Indicators

	SI=F	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-91.54%	-85.30%	-6.24%
Max Drawdown (1Y) Largest decline over 1 year	-41.21%	-49.65%	+8.44%
Max Drawdown (5Y) Largest decline over 5 years	-41.21%	-76.67%	+35.46%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	-83.80%	+40.67%
Current Drawdown Current decline from peak	-37.64%	-46.47%	+8.83%
Average Drawdown Average peak-to-trough decline	-61.14%	-42.00%	-19.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.77%	27.75%	-12.98%

Volatility

SI=F vs. BTC-USD - Volatility Comparison

Silver (SI=F) has a higher volatility of 18.60% compared to Bitcoin (BTC-USD) at 13.70%. This indicates that SI=F's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SI=F	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.60%	13.70%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	62.77%	35.96%	+26.81%
Volatility (1Y) Calculated over the trailing 1-year period	59.16%	36.69%	+22.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	46.91%	-9.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	56.71%	-23.55%