SIVR vs. USFR
SIVR (abrdn Physical Silver Shares ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, SIVR returned 14.57%/yr vs 2.42%/yr for USFR. At a 0.02 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.15%/yr for USFR.
Performance
SIVR vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a -1.40% return, which is significantly lower than USFR's 1.72% return. Over the past 10 years, SIVR has outperformed USFR with an annualized return of 14.57%, while USFR has yielded a comparatively lower 2.42% annualized return.
SIVR
- 1D
- 3.51%
- 1M
- -8.06%
- YTD
- -1.40%
- 6M
- 9.35%
- 1Y
- 92.86%
- 3Y*
- 42.25%
- 5Y*
- 20.46%
- 10Y*
- 14.57%
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.92%
- 1Y
- 4.01%
- 3Y*
- 4.74%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
SIVR vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -1.40% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
USFR WisdomTree Floating Rate Treasury Fund | 1.72% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between SIVR and USFR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.02 |
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Return for Risk
SIVR vs. USFR — Risk / Return Rank
SIVR
USFR
SIVR vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.29 | ||
| Sortino ratioReturn per unit of downside risk | -48.54 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 13.37 | -12.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 202.37 | -200.32 |
| Martin ratioReturn relative to average drawdown | 4.44 | 783.80 | -779.36 |
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Drawdowns
SIVR vs. USFR - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SIVR and USFR.
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Drawdown Indicators
| SIVR | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -1.36% | -74.49% |
Max Drawdown (1Y)Largest decline over 1 year | -45.33% | -0.02% | -45.31% |
Max Drawdown (3Y)Largest decline over 3 years | -45.33% | -0.06% | -45.27% |
Max Drawdown (5Y)Largest decline over 5 years | -45.33% | -0.18% | -45.15% |
Max Drawdown (10Y)Largest decline over 10 years | -45.33% | -0.80% | -44.53% |
Current DrawdownCurrent decline from peak | -39.85% | 0.00% | -39.85% |
Average DrawdownAverage peak-to-trough decline | -47.83% | -0.16% | -47.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 0.01% | +20.99% |
Volatility
SIVR vs. USFR - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.52% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 0.08% | +16.44% |
Volatility (6M)Calculated over the trailing 6-month period | 59.14% | 0.19% | +58.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.96% | 0.27% | +59.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.53% | 0.40% | +36.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.05% | 0.78% | +31.27% |
SIVR vs. USFR - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
SIVR vs. USFR - Dividend Comparison
SIVR has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
SIVR and USFR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.52%) compared to USFR (0.08%). In terms of maximum drawdown, SIVR dropped -75.85% vs USFR's -1.36%.
On 10-year performance, SIVR leads with 14.57% vs 2.42% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR 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 10-year period, SIVR has performed better with a 14.57% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.30% for SIVR.
USFR has the higher dividend yield at 3.91%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while USFR is Government Bonds. SIVR tracks LBMA Silver Price ($/ozt), while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: abrdn and WisdomTree. Their fees differ too: 0.30% for SIVR and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.85 vs 1.56), 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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