SIVR vs. TBIL
SIVR (abrdn Physical Silver Shares ETF) and TBIL (US Treasury 3 Month Bill ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while TBIL is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill 3 Month Index. Both are passively managed. Over the past 3 years, SIVR returned 45.38%/yr vs 4.64%/yr for TBIL. At a 0.02 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.15%/yr for TBIL.
Performance
SIVR vs. TBIL - 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 TBIL's 1.49% 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%
TBIL
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.49%
- 6M
- 1.78%
- 1Y
- 3.93%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
SIVR vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 16.35% |
TBIL US Treasury 3 Month Bill ETF | 1.49% | 4.19% | 5.15% | 5.12% | 1.30% |
Correlation
The correlation between SIVR and TBIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.02 |
The correlation between SIVR and TBIL shifts across timeframes, from -0.12 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIVR vs. TBIL — Risk / Return Rank
SIVR
TBIL
SIVR vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and US Treasury 3 Month Bill ETF (TBIL). 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 | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.88 | ||
| Sortino ratioReturn per unit of downside risk | -56.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 17.16 | -15.81 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 196.84 | -194.21 |
| Martin ratioReturn relative to average drawdown | 5.67 | 934.41 | -928.74 |
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 | TBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 13.78 | -11.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
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 | 14.07 | -13.75 |
Drawdowns
SIVR vs. TBIL - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for SIVR and TBIL.
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Drawdown Indicators
| SIVR | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -0.10% | -75.75% |
Max Drawdown (1Y)Largest decline over 1 year | -42.42% | -0.02% | -42.40% |
Max Drawdown (3Y)Largest decline over 3 years | -42.42% | -0.02% | -42.40% |
Max Drawdown (5Y)Largest decline over 5 years | -42.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | — | — |
Current DrawdownCurrent decline from peak | -37.25% | 0.00% | -37.25% |
Average DrawdownAverage peak-to-trough decline | -47.85% | -0.00% | -47.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 0.00% | +19.64% |
Volatility
SIVR vs. TBIL - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.28% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 0.08% | +16.20% |
Volatility (6M)Calculated over the trailing 6-month period | 58.30% | 0.19% | +58.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.84% | 0.29% | +58.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 0.32% | +35.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 0.32% | +31.55% |
SIVR vs. TBIL - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is higher than TBIL's 0.15% expense ratio.
Dividends
SIVR vs. TBIL - Dividend Comparison
SIVR has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIL US Treasury 3 Month Bill ETF | 3.82% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
SIVR and TBIL have a correlation of -0.12, 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 TBIL (0.08%). In terms of maximum drawdown, SIVR dropped -75.85% vs TBIL's -0.10%.
On 3-year performance, SIVR leads with 45.38% vs 4.64% for TBIL. On fees, TBIL is cheaper at 0.15% per year. On volatility, TBIL has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SIVR has performed better with a 45.38% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBIL is cheaper with a 0.15% expense ratio, compared with 0.30% for SIVR.
TBIL has the higher dividend yield at 3.82%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while TBIL is Ultrashort Bond. SIVR tracks LBMA Silver Price ($/ozt), while TBIL tracks ICE BofA US Treasury Bill 3 Month Index. They also come from different issuers: abrdn and US Benchmark Series. Their fees differ too: 0.30% for SIVR and 0.15% for TBIL.
TBIL currently has the higher Sharpe Ratio (13.78 vs 1.90), 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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