SIVR vs. SVM

Last updated Jul 1, 2026

SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt), while SVM (Silvercorp Metals Inc.) is a stock. Over the past 10 years, SIVR returned 11.29%/yr vs 16.92%/yr for SVM. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

SIVR vs. SVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) and Silvercorp Metals Inc. (SVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIVR achieves a -16.88% return, which is significantly lower than SVM's 21.23% return. Over the past 10 years, SIVR has underperformed SVM with an annualized return of 11.29%, while SVM has yielded a comparatively higher 16.92% annualized return.

SIVR

• 1D: 1.59%
• 1M: -21.69%
• YTD: -16.88%
• 6M: -22.35%
• 1Y: 63.38%
• 3Y*: 37.03%
• 5Y*: 17.50%
• 10Y*: 11.29%

SVM

• 1D: -7.51%
• 1M: -20.20%
• YTD: 21.23%
• 6M: 17.83%
• 1Y: 140.00%
• 3Y*: 53.92%
• 5Y*: 13.81%
• 10Y*: 16.92%

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

SIVR vs. SVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIVR abrdn Physical Silver Shares ETF	-16.88%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	-8.96%	5.97%
SVM Silvercorp Metals Inc.	21.23%	179.29%	14.88%	-10.33%	-20.60%	-43.52%	18.54%	172.27%	-18.96%	12.52%

Correlation

The correlation between SIVR and SVM is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009	0.63

The correlation between SIVR and SVM shifts across timeframes, from 0.63 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SIVR vs. SVM — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 30
SIVR Sharpe Ratio Rank: 32
SIVR Sortino Ratio Rank: 29
SIVR Omega Ratio Rank: 40
SIVR Calmar Ratio Rank: 27
SIVR Martin Ratio Rank: 23

SVM

SVM Risk / Return Rank: 86
SVM Sharpe Ratio Rank: 90
SVM Sortino Ratio Rank: 83
SVM Omega Ratio Rank: 82
SVM Calmar Ratio Rank: 88
SVM Martin Ratio Rank: 89

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. SVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Silvercorp Metals Inc. (SVM). 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	SVM	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.00	-0.95
Sortino ratio: Return per unit of downside risk	1.46	2.34	-0.87
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.07
Calmar ratio: Return relative to maximum drawdown	1.25	3.61	-2.36
Martin ratio: Return relative to average drawdown	2.77	9.64	-6.88

SIVR vs. SVM - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.05, which is lower than the SVM Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SIVR and SVM, 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. SVM - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, smaller than the maximum SVM drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for SIVR and SVM.

Drawdown Indicators

	SIVR	SVM	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-98.00%	+22.15%
Max Drawdown (1Y) Largest decline over 1 year	-50.92%	-39.02%	-11.90%
Max Drawdown (3Y) Largest decline over 3 years	-50.92%	-42.86%	-8.06%
Max Drawdown (5Y) Largest decline over 5 years	-50.92%	-62.98%	+12.06%
Max Drawdown (10Y) Largest decline over 10 years	-50.92%	-76.19%	+25.27%
Current Drawdown Current decline from peak	-49.29%	-48.92%	-0.37%
Average Drawdown Average peak-to-trough decline	-47.83%	-71.59%	+23.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.98%	14.57%	+8.41%

Volatility

SIVR vs. SVM - Volatility Comparison

The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 15.69%, while Silvercorp Metals Inc. (SVM) has a volatility of 27.03%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than SVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	SVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	27.03%	-11.34%
Volatility (6M) Calculated over the trailing 6-month period	58.87%	57.80%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	60.71%	70.44%	-9.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.77%	56.00%	-19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.16%	61.93%	-29.77%

Dividends

SIVR vs. SVM - Dividend Comparison

SIVR has not paid dividends to shareholders, while SVM's dividend yield for the trailing twelve months is around 0.25%.

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%
SVM Silvercorp Metals Inc.	0.25%	0.30%	0.83%	0.95%	0.84%	0.66%	0.37%	0.44%	1.19%	0.76%	0.43%	2.13%

Frequently Asked Questions

Can I hold both SIVR and SVM in my portfolio?

SIVR and SVM have a correlation of 0.74, 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 SVM?

SVM has higher volatility (27.03%) compared to SIVR (15.69%). In terms of maximum drawdown, SIVR dropped -75.85% vs SVM's -98.00%.

Which has better risk-adjusted returns?

SVM currently has the higher Sharpe Ratio (2.00 vs 1.05), 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.