SIVR vs. SVR-C.TO
SIVR (abrdn Physical Silver Shares ETF) and SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) are both Silver funds - SIVR tracks the LBMA Silver Price ($/ozt) while SVR-C.TO tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, SIVR returned 11.29%/yr vs 11.49%/yr for SVR-C.TO. A 0.64 correlation means they provide meaningful diversification when combined. SIVR charges 0.30%/yr vs 0.66%/yr for SVR-C.TO.
Performance
SIVR vs. SVR-C.TO - Performance Comparison
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Different Trading Currencies
SIVR is traded in USD, while SVR-C.TO is traded in CAD. To make them comparable, the SVR-C.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SIVR having a -16.88% return and SVR-C.TO slightly lower at -17.45%. Both investments have delivered pretty close results over the past 10 years, with SIVR having a 11.29% annualized return and SVR-C.TO not far ahead at 11.49%.
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%
SVR-C.TO
- 1D
- 1.73%
- 1M
- -21.81%
- YTD
- -17.45%
- 6M
- -22.77%
- 1Y
- 63.83%
- 3Y*
- 36.65%
- 5Y*
- 17.03%
- 10Y*
- 11.49%
SIVR vs. SVR-C.TO - 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% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -17.45% | 144.05% | 20.41% | -0.28% | 3.15% | -12.98% | 47.38% | 13.97% | -9.93% | 4.80% |
Correlation
The correlation between SIVR and SVR-C.TO is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012 | 0.64 |
Over the past year, SIVR and SVR-C.TO have become more correlated (0.91) than their long-term average of 0.64, meaning their price movements have been converging.
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Return for Risk
SIVR vs. SVR-C.TO — Risk / Return Rank
SIVR
SVR-C.TO
SIVR vs. SVR-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). 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 | SVR-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.26 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.77 | 2.76 | 0.00 |
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Drawdowns
SIVR vs. SVR-C.TO - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than SVR-C.TO's maximum drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for SIVR and SVR-C.TO.
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Drawdown Indicators
| SIVR | SVR-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -67.24% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -51.08% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -50.92% | -51.08% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -50.92% | -51.08% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -50.92% | -51.08% | +0.16% |
Current DrawdownCurrent decline from peak | -49.29% | -49.32% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -47.83% | -40.00% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.98% | 23.18% | -0.20% |
Volatility
SIVR vs. SVR-C.TO - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) have volatilities of 15.69% and 15.47%, 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.
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Volatility by Period
| SIVR | SVR-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 15.47% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 56.85% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.71% | 59.24% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.77% | 36.71% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.16% | 32.53% | -0.37% |
SIVR vs. SVR-C.TO - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than SVR-C.TO's 0.66% expense ratio.
Dividends
SIVR vs. SVR-C.TO - Dividend Comparison
Neither SIVR nor SVR-C.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SIVR and SVR-C.TO 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.
On fees, SIVR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.66% for SVR-C.TO.
SIVR tracks LBMA Silver Price ($/ozt), while SVR-C.TO tracks LBMA Silver Price. They also come from different issuers: abrdn and iShares. Their fees differ too: 0.30% for SIVR and 0.66% for SVR-C.TO.
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