SIVR vs. USD
SIVR (abrdn Physical Silver Shares ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, SIVR returned 10.56%/yr vs 54.19%/yr for USD. Their 0.16 correlation means their historical movements had little consistent relationship. SIVR charges 0.30%/yr vs 0.95%/yr for USD.
Performance
SIVR vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a -18.61% return, which is significantly lower than USD's 50.25% return. Over the past 10 years, SIVR has underperformed USD with an annualized return of 10.56%, while USD has yielded a comparatively higher 54.19% annualized return.
SIVR
- 1D
- -2.08%
- 1M
- -2.25%
- 6M
- -30.49%
- YTD
- -18.61%
- 1Y
- 57.47%
- 3Y*
- 33.21%
- 5Y*
- 17.49%
- 10Y*
- 10.56%
- ALL TIME*
- 8.45%
USD
- 1D
- 1.44%
- 1M
- -16.99%
- 6M
- 34.80%
- YTD
- 50.25%
- 1Y
- 84.35%
- 3Y*
- 87.71%
- 5Y*
- 55.02%
- 10Y*
- 54.19%
- ALL TIME*
- 28.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.50M | $48.83M | $86.59M | |
| $68.86M | $72.62M | $95.81M |
SIVR vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -18.61% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
USD ProShares Ultra Semiconductors | 50.25% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between SIVR and USD is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.16 |
The correlation between SIVR and USD shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIVR vs. USD — Risk / Return Rank
SIVR
USD
SIVR vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.16 | -1.05 |
| Martin ratioReturn relative to average drawdown | 2.11 | 6.21 | -4.10 |
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Drawdowns
SIVR vs. USD - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for SIVR and USD.
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Drawdown Indicators
| SIVR | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -88.63% | +12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | -39.33% | -12.94% |
Max Drawdown (3Y)Largest decline over 3 years | -52.27% | -64.46% | +12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -52.27% | -77.85% | +25.58% |
Max Drawdown (10Y)Largest decline over 10 years | -52.27% | -77.85% | +25.58% |
Current DrawdownCurrent decline from peak | -50.35% | -30.59% | -19.76% |
Average DrawdownAverage peak-to-trough decline | -47.84% | -32.23% | -15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.28% | 13.62% | +13.66% |
Volatility
SIVR vs. USD - Volatility Comparison
The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 11.28%, while ProShares Ultra Semiconductors (USD) has a volatility of 28.19%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.28% | 28.19% | -16.91% |
Volatility (6M)Calculated over the trailing 6-month period | 55.47% | 61.13% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 73.80% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.00% | 78.73% | -41.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.26% | 70.38% | -38.12% |
SIVR vs. USD - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
SIVR vs. USD - Dividend Comparison
SIVR has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.39%.
| 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% |
USD ProShares Ultra Semiconductors | 0.39% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
SIVR and USD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (28.19%) compared to SIVR (11.28%). In terms of maximum drawdown, SIVR dropped -75.85% vs USD's -88.63%.
On 10-year performance, USD leads with 54.19% vs 10.56% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 11.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 54.19% return vs 10.56%. 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 0.95% for USD.
USD has the higher dividend yield at 0.39%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while USD is Leveraged Equities. SIVR tracks LBMA Silver Price ($/ozt), while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: abrdn and ProShares. Their fees differ too: 0.30% for SIVR and 0.95% for USD.
USD currently has the higher Sharpe Ratio (1.15 vs 0.94), 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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