SIVR vs. PSLV

Last updated Jun 4, 2026

SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt), while PSLV (Sprott Physical Silver Trust) is a stock. Over the past 10 years, SIVR returned 15.77%/yr vs 13.97%/yr for PSLV. Their correlation of 0.95 suggests significant overlap in exposure.

Performance

SIVR vs. PSLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) and Sprott Physical Silver Trust (PSLV). 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 higher than PSLV's -1.78% return. Over the past 10 years, SIVR has outperformed PSLV with an annualized return of 15.77%, while PSLV has yielded a comparatively lower 13.97% annualized 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%

PSLV

• 1D: -2.76%
• 1M: -1.61%
• YTD: -1.78%
• 6M: 18.46%
• 1Y: 100.09%
• 3Y*: 41.73%
• 5Y*: 18.43%
• 10Y*: 13.97%

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

SIVR vs. PSLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIVR abrdn Physical Silver Shares ETF	2.85%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	-8.96%	5.97%
PSLV Sprott Physical Silver Trust	-1.78%	145.08%	19.43%	-1.94%	2.74%	-14.13%	42.81%	16.99%	-11.83%	4.28%

Correlation

The correlation between SIVR and PSLV is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010	0.95

The correlation between SIVR and PSLV has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

SIVR vs. PSLV — 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

PSLV

PSLV Risk / Return Rank: 79
PSLV Sharpe Ratio Rank: 84
PSLV Sortino Ratio Rank: 74
PSLV Omega Ratio Rank: 81
PSLV Calmar Ratio Rank: 78
PSLV Martin Ratio Rank: 76

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. PSLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Sprott Physical Silver Trust (PSLV). 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	PSLV	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.72	+0.18
Sortino ratio: Return per unit of downside risk	2.07	1.96	+0.11
Omega ratio: Gain probability vs. loss probability	1.35	1.32	+0.03
Calmar ratio: Return relative to maximum drawdown	2.63	2.48	+0.15
Martin ratio: Return relative to average drawdown	5.67	5.50	+0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIVR vs. PSLV - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.90, which is comparable to the PSLV Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SIVR and PSLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SIVR	PSLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.72	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.52	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.45	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.17	+0.15

Drawdowns

SIVR vs. PSLV - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, roughly equal to the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for SIVR and PSLV.

Drawdown Indicators

	SIVR	PSLV	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-79.38%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-42.42%	-40.65%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	-42.42%	-40.65%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-42.42%	-40.65%	-1.77%
Max Drawdown (10Y) Largest decline over 10 years	-42.42%	-42.79%	+0.37%
Current Drawdown Current decline from peak	-37.25%	-36.11%	-1.14%
Average Drawdown Average peak-to-trough decline	-47.85%	-58.15%	+10.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.64%	18.25%	+1.39%

Volatility

SIVR vs. PSLV - Volatility Comparison

abrdn Physical Silver Shares ETF (SIVR) and Sprott Physical Silver Trust (PSLV) have volatilities of 16.28% and 16.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	PSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.28%	16.57%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	58.30%	57.35%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	58.84%	58.49%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.17%	35.64%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.87%	31.14%	+0.73%

Dividends

SIVR vs. PSLV - Dividend Comparison

Neither SIVR nor PSLV has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIVR and PSLV in my portfolio?

With a correlation of 0.98, SIVR and PSLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SIVR or PSLV?

PSLV has higher volatility (16.57%) compared to SIVR (16.28%). In terms of maximum drawdown, SIVR dropped -75.85% vs PSLV's -79.38%.

Which has better risk-adjusted returns?

SIVR currently has the higher Sharpe Ratio (1.90 vs 1.72), 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.