SLV vs. AAAU
Compare and contrast key facts about iShares Silver Trust (SLV) and Goldman Sachs Physical Gold ETF (AAAU).
SLV and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLV is a passively managed fund by iShares that tracks the performance of the Silver Bullion. It was launched on Apr 28, 2006. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both SLV and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLV or AAAU.
Key characteristics
| SLV | AAAU | |
|---|---|---|
| YTD Return | 14.28% | 13.39% |
| 1Y Return | 8.74% | 17.47% |
| 3Y Return (Ann) | 0.74% | 9.42% |
| 5Y Return (Ann) | 12.20% | 12.53% |
| Sharpe Ratio | 0.36 | 1.43 |
| Daily Std Dev | 24.85% | 12.19% |
| Max Drawdown | -76.28% | -21.63% |
| Current Drawdown | -46.96% | -2.09% |
Correlation
The correlation between SLV and AAAU is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SLV vs. AAAU - Performance Comparison
In the year-to-date period, SLV achieves a 14.28% return, which is significantly higher than AAAU's 13.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SLV vs. AAAU - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Risk-Adjusted Performance
SLV vs. AAAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Goldman Sachs Physical Gold ETF (AAAU). 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.
Dividends
SLV vs. AAAU - Dividend Comparison
Neither SLV nor AAAU has paid dividends to shareholders.
Drawdowns
SLV vs. AAAU - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SLV and AAAU. For additional features, visit the drawdowns tool.
Volatility
SLV vs. AAAU - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 9.56% compared to Goldman Sachs Physical Gold ETF (AAAU) at 5.05%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.