SIVR vs. ASCI

Last updated Jun 4, 2026

SIVR (abrdn Physical Silver Shares ETF) and ASCI (abrdn International Small Cap Active ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while ASCI is a Foreign Small & Mid Cap Equities fund actively managed by abrdn. SIVR is passively managed, while ASCI is actively managed. At a 0.38 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.70%/yr for ASCI.

Performance

SIVR vs. ASCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) and abrdn International Small Cap Active ETF (ASCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIVR achieves a 2.85% return, which is significantly lower than ASCI's 7.39% return.

SIVR

• 1D: -2.62%
• 1M: 0.42%
• YTD: 2.85%
• 6M: 24.90%
• 1Y: 110.95%
• 3Y*: 45.38%
• 5Y*: 21.00%
• 10Y*: 15.77%

ASCI

• 1D: -0.54%
• 1M: 1.38%
• YTD: 7.39%
• 6M: 8.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIVR vs. ASCI - Yearly Performance Comparison

	2026 (YTD)	2025
SIVR abrdn Physical Silver Shares ETF	2.85%	35.42%
ASCI abrdn International Small Cap Active ETF	7.39%	1.11%

Correlation

The correlation between SIVR and ASCI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	0.38

Return for Risk

SIVR vs. ASCI — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 48
SIVR Sharpe Ratio Rank: 54
SIVR Sortino Ratio Rank: 39
SIVR Omega Ratio Rank: 56
SIVR Calmar Ratio Rank: 52
SIVR Martin Ratio Rank: 36

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.

SIVR vs. ASCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and abrdn International Small Cap Active ETF (ASCI). 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.

	SIVR	ASCI	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.07	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	5.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SIVR	ASCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.77	-0.45

Drawdowns

SIVR vs. ASCI - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than ASCI's maximum drawdown of -11.22%. Use the drawdown chart below to compare losses from any high point for SIVR and ASCI.

Drawdown Indicators

	SIVR	ASCI	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-11.22%	-64.63%
Max Drawdown (1Y) Largest decline over 1 year	-42.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-42.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.42%	—	—
Current Drawdown Current decline from peak	-37.25%	-2.85%	-34.40%
Average Drawdown Average peak-to-trough decline	-47.85%	-2.39%	-45.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.64%	—	—

Volatility

Volatility by Period

	SIVR	ASCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	58.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.84%	18.68%	+40.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.17%	18.68%	+17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.87%	18.68%	+13.19%

SIVR vs. ASCI - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than ASCI's 0.70% expense ratio.

Dividends

SIVR vs. ASCI - Dividend Comparison

SIVR has not paid dividends to shareholders, while ASCI's dividend yield for the trailing twelve months is around 0.75%.

Position	TTM	2025
ASCI abrdn International Small Cap Active ETF	0.75%	0.80%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVR and ASCI in my portfolio?

SIVR and ASCI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIVR or ASCI?

On fees, SIVR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIVR or ASCI?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.70% for ASCI.

Which ETF pays a higher dividend yield, SIVR or ASCI?

ASCI has the higher dividend yield at 0.75%, compared with 0.00% for SIVR.

What is the main difference between SIVR and ASCI?

SIVR is categorized as Silver, while ASCI is Foreign Small & Mid Cap Equities. Their fees differ too: 0.30% for SIVR and 0.70% for ASCI.