SIVR vs. UTES
SIVR (abrdn Physical Silver Shares ETF) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while UTES is a Utilities Equities fund actively managed by Virtus. SIVR is passively managed, while UTES is actively managed. Over the past 10 years, SIVR returned 10.56%/yr vs 11.78%/yr for UTES. Their 0.16 correlation means their historical movements had little consistent relationship. SIVR charges 0.30%/yr vs 0.49%/yr for UTES.
Performance
SIVR vs. UTES - 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 UTES's -1.07% return. Over the past 10 years, SIVR has underperformed UTES with an annualized return of 10.56%, while UTES has yielded a comparatively higher 11.78% 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%
UTES
- 1D
- -0.03%
- 1M
- -2.93%
- 6M
- 0.59%
- YTD
- -1.07%
- 1Y
- -4.33%
- 3Y*
- 21.10%
- 5Y*
- 14.97%
- 10Y*
- 11.78%
- ALL TIME*
- 13.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.50M | $48.83M | $86.59M | |
| $11.16M | $10.04M | $13.72M |
SIVR vs. UTES - 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% |
UTES Virtus Reaves Utilities ETF | -1.07% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 25.48% | 5.14% | 14.21% |
Correlation
The correlation between SIVR and UTES is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.16 |
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Return for Risk
SIVR vs. UTES — Risk / Return Rank
SIVR
UTES
SIVR vs. UTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Virtus Reaves Utilities ETF (UTES). 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 | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.98 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | -0.31 | +1.42 |
| Martin ratioReturn relative to average drawdown | 2.11 | -0.65 | +2.76 |
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Drawdowns
SIVR vs. UTES - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than UTES's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for SIVR and UTES.
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Drawdown Indicators
| SIVR | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -35.39% | -40.46% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | -13.88% | -38.39% |
Max Drawdown (3Y)Largest decline over 3 years | -52.27% | -17.62% | -34.65% |
Max Drawdown (5Y)Largest decline over 5 years | -52.27% | -20.40% | -31.87% |
Max Drawdown (10Y)Largest decline over 10 years | -52.27% | -35.39% | -16.88% |
Current DrawdownCurrent decline from peak | -50.35% | -10.30% | -40.05% |
Average DrawdownAverage peak-to-trough decline | -47.84% | -5.54% | -42.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.28% | 6.72% | +20.56% |
Volatility
SIVR vs. UTES - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 11.28% compared to Virtus Reaves Utilities ETF (UTES) at 5.50%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.28% | 5.50% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 55.47% | 16.19% | +39.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 21.39% | +39.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.00% | 20.74% | +16.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.26% | 20.26% | +12.00% |
SIVR vs. UTES - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than UTES's 0.49% expense ratio.
Dividends
SIVR vs. UTES - Dividend Comparison
SIVR has not paid dividends to shareholders, while UTES's dividend yield for the trailing twelve months is around 1.53%.
| 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% |
UTES Virtus Reaves Utilities ETF | 1.53% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Frequently Asked Questions
SIVR and UTES have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (11.28%) compared to UTES (5.50%). In terms of maximum drawdown, SIVR dropped -75.85% vs UTES's -35.39%.
On 10-year performance, UTES leads with 11.78% vs 10.56% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, UTES has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UTES has performed better with a 11.78% 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 0.49% for UTES.
UTES has the higher dividend yield at 1.53%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while UTES is Utilities Equities. They also come from different issuers: abrdn and Virtus. Their fees differ too: 0.30% for SIVR and 0.49% for UTES.
SIVR currently has the higher Sharpe Ratio (0.94 vs -0.20), 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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