SIVR vs. IAK
SIVR (abrdn Physical Silver Shares ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 10 years, SIVR returned 11.07%/yr vs 13.18%/yr for IAK. Their 0.10 correlation means their historical movements had little consistent relationship. SIVR charges 0.30%/yr vs 0.38%/yr for IAK.
Performance
SIVR vs. IAK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIVR achieves a -18.49% return, which is significantly lower than IAK's 10.11% return. Over the past 10 years, SIVR has underperformed IAK with an annualized return of 11.07%, while IAK has yielded a comparatively higher 13.18% annualized return.
SIVR
- 1D
- 0.15%
- 1M
- -4.65%
- 6M
- -27.56%
- YTD
- -18.49%
- 1Y
- 56.49%
- 3Y*
- 34.54%
- 5Y*
- 17.62%
- 10Y*
- 11.07%
- ALL TIME*
- 8.45%
IAK
- 1D
- 0.03%
- 1M
- -0.03%
- 6M
- 12.56%
- YTD
- 10.11%
- 1Y
- 19.67%
- 3Y*
- 19.67%
- 5Y*
- 15.99%
- 10Y*
- 13.18%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.27M | $20.59M | $12.29M | |
| $53.73M | $50.42M | $86.10M |
SIVR vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -18.49% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
IAK iShares U.S. Insurance ETF | 10.11% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
Correlation
The correlation between SIVR and IAK is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.10 |
The correlation between SIVR and IAK shifts across timeframes, from -0.13 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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
SIVR vs. IAK — Risk / Return Rank
SIVR
IAK
SIVR vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and iShares U.S. Insurance ETF (IAK). 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.
| SIVR | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.59 | -1.51 |
| Martin ratioReturn relative to average drawdown | 2.06 | 6.29 | -4.23 |
Loading charts...
Drawdowns
SIVR vs. IAK - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, roughly equal to the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for SIVR and IAK.
Loading charts...
Drawdown Indicators
| SIVR | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -77.38% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | -7.62% | -44.65% |
Max Drawdown (3Y)Largest decline over 3 years | -52.27% | -11.58% | -40.69% |
Max Drawdown (5Y)Largest decline over 5 years | -52.27% | -14.76% | -37.51% |
Max Drawdown (10Y)Largest decline over 10 years | -52.27% | -44.95% | -7.32% |
Current DrawdownCurrent decline from peak | -50.28% | -3.20% | -47.08% |
Average DrawdownAverage peak-to-trough decline | -47.84% | -16.01% | -31.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.46% | 3.13% | +24.33% |
Volatility
SIVR vs. IAK - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 10.92% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SIVR | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 6.56% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 44.35% | 12.42% | +31.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.45% | 15.99% | +45.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.01% | 18.13% | +18.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.27% | 20.92% | +11.35% |
SIVR vs. IAK - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than IAK's 0.38% expense ratio.
Dividends
SIVR vs. IAK - Dividend Comparison
SIVR has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.42% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
SIVR abrdn Physical Silver Shares ETF | 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
SIVR and IAK have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (10.92%) compared to IAK (6.56%). In terms of maximum drawdown, SIVR dropped -75.85% vs IAK's -77.38%.
On 10-year performance, IAK leads with 13.18% vs 11.07% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IAK has performed better with a 13.18% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.38% for IAK.
IAK has the higher dividend yield at 2.42%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while IAK is Financials Equities. SIVR tracks LBMA Silver Price ($/ozt), while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: abrdn and iShares. Their fees differ too: 0.30% for SIVR and 0.38% for IAK.
IAK currently has the higher Sharpe Ratio (1.24 vs 0.93), 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 SIVR and IAK
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