SLV vs. AIQ
SLV (iShares Silver Trust) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, SLV returned 20.04%/yr vs 17.96%/yr for AIQ. At a 0.24 correlation, their price movements are largely independent. SLV charges 0.50%/yr vs 0.68%/yr for AIQ.
Performance
SLV vs. AIQ - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -7.62% return, which is significantly lower than AIQ's 31.34% return.
SLV
- 1D
- -1.81%
- 1M
- -14.31%
- YTD
- -7.62%
- 6M
- -2.33%
- 1Y
- 81.88%
- 3Y*
- 38.96%
- 5Y*
- 20.04%
- 10Y*
- 13.58%
AIQ
- 1D
- 3.84%
- 1M
- 6.69%
- YTD
- 31.34%
- 6M
- 31.79%
- 1Y
- 61.29%
- 3Y*
- 33.36%
- 5Y*
- 17.96%
- 10Y*
- —
SLV vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -7.62% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -5.28% |
AIQ Global X Artificial Intelligence & Technology ETF | 31.34% | 31.89% | 24.11% | 55.39% | -36.44% | 17.09% | 52.88% | 39.94% | -14.05% |
Correlation
The correlation between SLV and AIQ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.24 |
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Return for Risk
SLV vs. AIQ — Risk / Return Rank
SLV
AIQ
SLV vs. AIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
| SLV | AIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 3.65 | -1.90 |
| Martin ratioReturn relative to average drawdown | 3.68 | 11.84 | -8.16 |
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Drawdowns
SLV vs. AIQ - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for SLV and AIQ.
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Drawdown Indicators
| SLV | AIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -44.66% | -31.62% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -16.47% | -28.93% |
Max Drawdown (3Y)Largest decline over 3 years | -45.40% | -26.35% | -19.05% |
Max Drawdown (5Y)Largest decline over 5 years | -45.40% | -44.66% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | — | — |
Current DrawdownCurrent decline from peak | -43.65% | -4.76% | -38.89% |
Average DrawdownAverage peak-to-trough decline | -44.65% | -9.78% | -34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.52% | 5.07% | +16.45% |
Volatility
SLV vs. AIQ - Volatility Comparison
iShares Silver Trust (SLV) and Global X Artificial Intelligence & Technology ETF (AIQ) have volatilities of 14.09% and 13.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.09% | 13.99% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 59.18% | 22.02% | +37.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.10% | 25.93% | +34.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.50% | 25.88% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.04% | 25.78% | +6.26% |
SLV vs. AIQ - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Dividends
SLV vs. AIQ - Dividend Comparison
SLV has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLV and AIQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.09%) compared to AIQ (13.99%). In terms of maximum drawdown, SLV dropped -76.28% vs AIQ's -44.66%.
On 5-year performance, SLV leads with 20.04% vs 17.96% for AIQ. On fees, SLV is cheaper at 0.50% per year. On volatility, AIQ has been the lower-risk option at 13.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SLV has performed better with a 20.04% return vs 17.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 0.68% for AIQ.
AIQ has the higher dividend yield at 0.14%, compared with 0.00% for SLV.
SLV is categorized as Silver, while AIQ is Technology Equities. SLV tracks LBMA Silver Price, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.50% for SLV and 0.68% for AIQ.
AIQ currently has the higher Sharpe Ratio (2.32 vs 1.32), 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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