SIVR vs. SLVP
SIVR (abrdn Physical Silver Shares ETF) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both Silver funds - SIVR tracks the LBMA Silver Price ($/ozt) while SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index. Both are passively managed. Over the past 10 years, SIVR returned 13.54%/yr vs 12.10%/yr for SLVP. A 0.73 correlation means they provide meaningful diversification when combined. SIVR charges 0.30%/yr vs 0.39%/yr for SLVP.
Performance
SIVR vs. SLVP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIVR achieves a -8.44% return, which is significantly lower than SLVP's -4.09% return. Over the past 10 years, SIVR has outperformed SLVP with an annualized return of 13.54%, while SLVP has yielded a comparatively lower 12.10% annualized return.
SIVR
- 1D
- -0.99%
- 1M
- -13.77%
- YTD
- -8.44%
- 6M
- -5.58%
- 1Y
- 80.34%
- 3Y*
- 42.28%
- 5Y*
- 19.98%
- 10Y*
- 13.54%
SLVP
- 1D
- -0.97%
- 1M
- -5.98%
- YTD
- -4.09%
- 6M
- -7.77%
- 1Y
- 89.99%
- 3Y*
- 53.03%
- 5Y*
- 17.18%
- 10Y*
- 12.10%
SIVR vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -8.44% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | -4.09% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
Correlation
The correlation between SIVR and SLVP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.73 |
The correlation between SIVR and SLVP has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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. SLVP — Risk / Return Rank
SIVR
SLVP
SIVR vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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 | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.38 | -0.60 |
| Martin ratioReturn relative to average drawdown | 3.72 | 6.08 | -2.36 |
Loading charts...
Drawdowns
SIVR vs. SLVP - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, smaller than the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for SIVR and SLVP.
Loading charts...
Drawdown Indicators
| SIVR | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -80.47% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -45.33% | -38.06% | -7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -45.33% | -38.06% | -7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -45.33% | -48.41% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -45.33% | -62.03% | +16.70% |
Current DrawdownCurrent decline from peak | -44.14% | -30.82% | -13.32% |
Average DrawdownAverage peak-to-trough decline | -47.83% | -46.75% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.67% | 14.84% | +6.83% |
Volatility
SIVR vs. SLVP - Volatility Comparison
The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 13.63%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 18.72%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SIVR | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.63% | 18.72% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 59.02% | 45.60% | +13.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.12% | 55.19% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.53% | 43.23% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.08% | 42.52% | -10.44% |
SIVR vs. SLVP - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than SLVP's 0.39% expense ratio.
Dividends
SIVR vs. SLVP - Dividend Comparison
SIVR has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.15% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
Frequently Asked Questions
SIVR and SLVP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVP has higher volatility (18.72%) compared to SIVR (13.63%). In terms of maximum drawdown, SIVR dropped -75.85% vs SLVP's -80.47%.
On 10-year performance, SIVR leads with 13.54% vs 12.10% for SLVP. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 13.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 13.54% return vs 12.10%. 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 0.39% for SLVP.
SLVP has the higher dividend yield at 2.15%, compared with 0.00% for SIVR.
SIVR tracks LBMA Silver Price ($/ozt), while SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index. They also come from different issuers: abrdn and iShares. Their fees differ too: 0.30% for SIVR and 0.39% for SLVP.
SLVP currently has the higher Sharpe Ratio (1.64 vs 1.35), 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 SLVP
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