SIVR vs. PSILX

Last updated Jun 16, 2026

SIVR (abrdn Physical Silver Shares ETF) and PSILX (T. Rowe Price Spectrum International Equity Fund) are both funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while PSILX is a Foreign Large Cap Equities fund managed by T. Rowe Price. Over the past 10 years, SIVR returned 14.57%/yr vs 8.88%/yr for PSILX. At a 0.33 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.89%/yr for PSILX.

Performance

SIVR vs. PSILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) and T. Rowe Price Spectrum International Equity Fund (PSILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIVR achieves a -1.40% return, which is significantly lower than PSILX's 12.26% return. Over the past 10 years, SIVR has outperformed PSILX with an annualized return of 14.57%, while PSILX has yielded a comparatively lower 8.88% annualized return.

SIVR

• 1D: 3.51%
• 1M: -8.06%
• YTD: -1.40%
• 6M: 9.35%
• 1Y: 92.86%
• 3Y*: 42.25%
• 5Y*: 20.46%
• 10Y*: 14.57%

PSILX

• 1D: 0.46%
• 1M: 3.76%
• YTD: 12.26%
• 6M: 14.02%
• 1Y: 27.05%
• 3Y*: 16.34%
• 5Y*: 6.27%
• 10Y*: 8.88%

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

SIVR vs. PSILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIVR abrdn Physical Silver Shares ETF	-1.40%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	-8.96%	5.97%
PSILX T. Rowe Price Spectrum International Equity Fund	12.26%	30.30%	4.28%	13.83%	-18.04%	5.00%	13.94%	25.00%	-14.83%	26.79%

Correlation

The correlation between SIVR and PSILX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009	0.33

Return for Risk

SIVR vs. PSILX — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 44
SIVR Sharpe Ratio Rank: 50
SIVR Sortino Ratio Rank: 39
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 45
SIVR Martin Ratio Rank: 33

PSILX

PSILX Risk / Return Rank: 40
PSILX Sharpe Ratio Rank: 40
PSILX Sortino Ratio Rank: 39
PSILX Omega Ratio Rank: 43
PSILX Calmar Ratio Rank: 37
PSILX Martin Ratio Rank: 40

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. PSILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and T. Rowe Price Spectrum International Equity Fund (PSILX). 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	PSILX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.59	-0.03
Sortino ratio: Return per unit of downside risk	1.85	2.25	-0.40
Omega ratio: Gain probability vs. loss probability	1.31	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.06	2.04	+0.02
Martin ratio: Return relative to average drawdown	4.44	7.72	-3.28

SIVR vs. PSILX - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.56, which is comparable to the PSILX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SIVR and PSILX, 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. PSILX - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than PSILX's maximum drawdown of -61.38%. Use the drawdown chart below to compare losses from any high point for SIVR and PSILX.

Drawdown Indicators

	SIVR	PSILX	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-61.38%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-45.33%	-12.72%	-32.61%
Max Drawdown (3Y) Largest decline over 3 years	-45.33%	-13.70%	-31.63%
Max Drawdown (5Y) Largest decline over 5 years	-45.33%	-33.13%	-12.20%
Max Drawdown (10Y) Largest decline over 10 years	-45.33%	-33.33%	-12.00%
Current Drawdown Current decline from peak	-39.85%	-1.66%	-38.19%
Average Drawdown Average peak-to-trough decline	-47.83%	-14.05%	-33.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	3.32%	+17.68%

Volatility

SIVR vs. PSILX - Volatility Comparison

abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.52% compared to T. Rowe Price Spectrum International Equity Fund (PSILX) at 6.70%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than PSILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	PSILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	6.70%	+9.82%
Volatility (6M) Calculated over the trailing 6-month period	59.14%	14.03%	+45.11%
Volatility (1Y) Calculated over the trailing 1-year period	59.96%	16.33%	+43.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.53%	15.94%	+20.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.05%	16.28%	+15.77%

SIVR vs. PSILX - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than PSILX's 0.89% expense ratio.

Dividends

SIVR vs. PSILX - Dividend Comparison

SIVR has not paid dividends to shareholders, while PSILX's dividend yield for the trailing twelve months is around 4.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSILX T. Rowe Price Spectrum International Equity Fund	4.83%	5.42%	2.04%	1.88%	6.67%	3.49%	0.88%	3.49%	6.69%	0.58%	0.17%	0.08%
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

Can I hold both SIVR and PSILX in my portfolio?

SIVR and PSILX have a correlation of 0.40, 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 PSILX?

SIVR has higher volatility (16.52%) compared to PSILX (6.70%). In terms of maximum drawdown, SIVR dropped -75.85% vs PSILX's -61.38%.

Which has better risk-adjusted returns?

PSILX currently has the higher Sharpe Ratio (1.59 vs 1.56), 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.