SIZE vs. SLV
SIZE (iShares MSCI USA Size Factor ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - SIZE is a Mid Cap Blend Equities fund tracking the MSCI USA Low Size Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SIZE returned 11.84%/yr vs 11.60%/yr for SLV. Their 0.15 correlation means their historical movements had little consistent relationship. SIZE charges 0.15%/yr vs 0.50%/yr for SLV.
Performance
SIZE vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, SIZE achieves a 13.90% return, which is significantly higher than SLV's -12.96% return. Both investments have delivered pretty close results over the past 10 years, with SIZE having a 11.84% annualized return and SLV not far behind at 11.60%.
SIZE
- 1D
- -0.46%
- 1M
- 1.23%
- 6M
- 10.79%
- YTD
- 13.90%
- 1Y
- 18.62%
- 3Y*
- 15.29%
- 5Y*
- 8.33%
- 10Y*
- 11.84%
- ALL TIME*
- 12.11%
SLV
- 1D
- 4.14%
- 1M
- -0.07%
- 6M
- -29.19%
- YTD
- -12.96%
- 1Y
- 63.23%
- 3Y*
- 37.31%
- 5Y*
- 20.01%
- 10Y*
- 11.60%
- ALL TIME*
- 7.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $732.33K | $743.58K | $966.40K | |
| $767.61M | $778.40M | $1.22B |
SIZE vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIZE iShares MSCI USA Size Factor ETF | 13.90% | 10.51% | 14.37% | 17.78% | -15.86% | 25.05% | 16.26% | 28.97% | -6.59% | 18.76% |
SLV iShares Silver Trust | -12.96% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between SIZE and SLV is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
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. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013 | 0.15 |
The correlation between SIZE and SLV shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIZE vs. SLV — Risk / Return Rank
SIZE
SLV
SIZE vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Size Factor ETF (SIZE) and iShares Silver Trust (SLV). 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.
| SIZE | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.22 | +1.13 |
| Martin ratioReturn relative to average drawdown | 9.19 | 2.28 | +6.91 |
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Drawdowns
SIZE vs. SLV - Drawdown Comparison
The maximum SIZE drawdown since its inception was -39.15%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SIZE and SLV.
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Drawdown Indicators
| SIZE | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -76.28% | +37.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -52.28% | +44.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.71% | -52.28% | +33.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -52.28% | +28.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -52.28% | +13.13% |
Current DrawdownCurrent decline from peak | -0.46% | -46.90% | +46.44% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -44.69% | +40.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 27.82% | -25.79% |
Volatility
SIZE vs. SLV - Volatility Comparison
The current volatility for iShares MSCI USA Size Factor ETF (SIZE) is 3.38%, while iShares Silver Trust (SLV) has a volatility of 11.38%. This indicates that SIZE experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIZE | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 11.38% | -8.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 44.01% | -34.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 61.50% | -48.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 37.04% | -19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 32.24% | -13.56% |
SIZE vs. SLV - Expense Ratio Comparison
SIZE has a 0.15% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
SIZE vs. SLV - Dividend Comparison
SIZE's dividend yield for the trailing twelve months is around 1.33%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIZE iShares MSCI USA Size Factor ETF | 1.33% | 1.50% | 1.53% | 1.42% | 1.59% | 1.19% | 1.43% | 1.35% | 2.43% | 1.58% | 1.88% | 1.95% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIZE and SLV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (11.38%) compared to SIZE (3.38%). In terms of maximum drawdown, SIZE dropped -39.15% vs SLV's -76.28%.
On 10-year performance, SIZE leads with 11.84% vs 11.60% for SLV. On fees, SIZE is cheaper at 0.15% per year. On volatility, SIZE has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIZE has performed better with a 11.84% return vs 11.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIZE is cheaper with a 0.15% expense ratio, compared with 0.50% for SLV.
SIZE has the higher dividend yield at 1.33%, compared with 0.00% for SLV.
SIZE is categorized as Mid Cap Blend Equities, while SLV is Silver. SIZE tracks MSCI USA Low Size Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.15% for SIZE and 0.50% for SLV.
SIZE currently has the higher Sharpe Ratio (1.45 vs 1.03), 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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