SIVR vs. OBDC

Last updated Jun 13, 2026

SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt), while OBDC (Blue Owl Capital Corporation) is a stock. Over the past 5 years, SIVR returned 19.07%/yr vs 5.43%/yr for OBDC. At a 0.11 correlation, their price movements are largely independent.

Performance

SIVR vs. OBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) and Blue Owl Capital Corporation (OBDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIVR achieves a -4.75% return, which is significantly higher than OBDC's -6.89% return.

SIVR

• 1D: 0.78%
• 1M: -18.81%
• YTD: -4.75%
• 6M: 9.46%
• 1Y: 86.32%
• 3Y*: 41.59%
• 5Y*: 19.07%
• 10Y*: 14.22%

OBDC

• 1D: 0.09%
• 1M: -0.71%
• YTD: -6.89%
• 6M: -8.67%
• 1Y: -13.64%
• 3Y*: 5.28%
• 5Y*: 5.43%
• 10Y*: —

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

SIVR vs. OBDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SIVR abrdn Physical Silver Shares ETF	-4.75%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	11.74%
OBDC Blue Owl Capital Corporation	-6.89%	-7.87%	14.69%	43.51%	-9.48%	21.99%	-19.52%	20.00%

Correlation

The correlation between SIVR and OBDC is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019	0.11

Return for Risk

SIVR vs. OBDC — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 43
SIVR Sharpe Ratio Rank: 47
SIVR Sortino Ratio Rank: 38
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 43
SIVR Martin Ratio Rank: 32

OBDC

OBDC Risk / Return Rank: 18
OBDC Sharpe Ratio Rank: 15
OBDC Sortino Ratio Rank: 16
OBDC Omega Ratio Rank: 17
OBDC Calmar Ratio Rank: 20
OBDC Martin Ratio Rank: 22

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. OBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Blue Owl Capital Corporation (OBDC). 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	OBDC	Difference
Sharpe ratio: Return per unit of total volatility	1.44	-0.63	+2.07
Sortino ratio: Return per unit of downside risk	1.76	-0.79	+2.55
Omega ratio: Gain probability vs. loss probability	1.29	0.91	+0.38
Calmar ratio: Return relative to maximum drawdown	1.90	-0.61	+2.51
Martin ratio: Return relative to average drawdown	4.12	-1.03	+5.15

SIVR vs. OBDC - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.44, which is higher than the OBDC Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of SIVR and OBDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIVR vs. OBDC - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than OBDC's maximum drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for SIVR and OBDC.

Drawdown Indicators

	SIVR	OBDC	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-56.07%	-19.78%
Max Drawdown (1Y) Largest decline over 1 year	-45.33%	-23.90%	-21.43%
Max Drawdown (3Y) Largest decline over 3 years	-45.33%	-23.90%	-21.43%
Max Drawdown (5Y) Largest decline over 5 years	-45.33%	-28.26%	-17.07%
Max Drawdown (10Y) Largest decline over 10 years	-45.33%	—	—
Current Drawdown Current decline from peak	-41.89%	-18.68%	-23.21%
Average Drawdown Average peak-to-trough decline	-47.83%	-10.67%	-37.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.85%	14.20%	+6.65%

Volatility

SIVR vs. OBDC - Volatility Comparison

abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.37% compared to Blue Owl Capital Corporation (OBDC) at 6.58%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than OBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	OBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.37%	6.58%	+9.79%
Volatility (6M) Calculated over the trailing 6-month period	59.11%	18.87%	+40.24%
Volatility (1Y) Calculated over the trailing 1-year period	59.76%	23.15%	+36.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.48%	20.77%	+15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.03%	27.06%	+4.97%

Dividends

SIVR vs. OBDC - Dividend Comparison

SIVR has not paid dividends to shareholders, while OBDC's dividend yield for the trailing twelve months is around 13.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
OBDC Blue Owl Capital Corporation	13.42%	12.55%	11.38%	10.77%	11.17%	8.76%	12.32%	3.80%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVR and OBDC in my portfolio?

SIVR and OBDC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIVR or OBDC?

SIVR has higher volatility (16.37%) compared to OBDC (6.58%). In terms of maximum drawdown, SIVR dropped -75.85% vs OBDC's -56.07%.

Which has better risk-adjusted returns?

SIVR currently has the higher Sharpe Ratio (1.44 vs -0.63), 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.