SIVR vs. SPSK
SIVR (abrdn Physical Silver Shares ETF) and SPSK (SP Funds Dow Jones Global Sukuk ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while SPSK is a Global Bonds fund tracking the Dow Jones Sukuk Total Return (No Coupon Reinvestment). Both are passively managed. Over the past 5 years, SIVR returned 21.00%/yr vs 0.83%/yr for SPSK. At a 0.17 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.50%/yr for SPSK.
Performance
SIVR vs. SPSK - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a 2.85% return, which is significantly higher than SPSK's 0.03% 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%
SPSK
- 1D
- -0.22%
- 1M
- 0.40%
- YTD
- 0.03%
- 6M
- -0.08%
- 1Y
- 3.74%
- 3Y*
- 3.95%
- 5Y*
- 0.83%
- 10Y*
- —
SIVR vs. SPSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | -0.23% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 0.03% | 6.16% | 2.95% | 3.95% | -7.75% | -1.30% | 3.67% | 0.02% |
Correlation
The correlation between SIVR and SPSK is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019 | 0.17 |
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Return for Risk
SIVR vs. SPSK — Risk / Return Rank
SIVR
SPSK
SIVR vs. SPSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and SP Funds Dow Jones Global Sukuk ETF (SPSK). 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 | SPSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.32 | +1.31 |
| Martin ratioReturn relative to average drawdown | 5.67 | 4.43 | +1.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIVR | SPSK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 0.98 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.16 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.20 | +0.12 |
Drawdowns
SIVR vs. SPSK - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than SPSK's maximum drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for SIVR and SPSK.
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Drawdown Indicators
| SIVR | SPSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -12.83% | -63.02% |
Max Drawdown (1Y)Largest decline over 1 year | -42.42% | -2.85% | -39.57% |
Max Drawdown (3Y)Largest decline over 3 years | -42.42% | -3.17% | -39.25% |
Max Drawdown (5Y)Largest decline over 5 years | -42.42% | -12.45% | -29.97% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | — | — |
Current DrawdownCurrent decline from peak | -37.25% | -1.03% | -36.22% |
Average DrawdownAverage peak-to-trough decline | -47.85% | -3.83% | -44.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 0.84% | +18.80% |
Volatility
SIVR vs. SPSK - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.28% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 0.96%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than SPSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | SPSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 0.96% | +15.32% |
Volatility (6M)Calculated over the trailing 6-month period | 58.30% | 2.46% | +55.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.84% | 3.84% | +55.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 5.29% | +30.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 5.46% | +26.41% |
SIVR vs. SPSK - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than SPSK's 0.50% expense ratio.
Dividends
SIVR vs. SPSK - Dividend Comparison
SIVR has not paid dividends to shareholders, while SPSK's dividend yield for the trailing twelve months is around 4.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 4.24% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% |
Frequently Asked Questions
SIVR and SPSK have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.28%) compared to SPSK (0.96%). In terms of maximum drawdown, SIVR dropped -75.85% vs SPSK's -12.83%.
On 5-year performance, SIVR leads with 21.00% vs 0.83% for SPSK. On fees, SIVR is cheaper at 0.30% per year. On volatility, SPSK has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIVR has performed better with a 21.00% return vs 0.83%. 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 0.50% for SPSK.
SPSK has the higher dividend yield at 4.24%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while SPSK is Global Bonds. SIVR tracks LBMA Silver Price ($/ozt), while SPSK tracks Dow Jones Sukuk Total Return (No Coupon Reinvestment). They also come from different issuers: abrdn and SP Funds. Their fees differ too: 0.30% for SIVR and 0.50% for SPSK.
SIVR currently has the higher Sharpe Ratio (1.90 vs 0.98), 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.
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