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SLV vs. CACX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLV vs. CACX.L

Last updated Jun 9, 2026

SLV (iShares Silver Trust) and CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while CACX.L is a Europe Equities fund tracking the Euronext Paris CAC 40 NR EUR. Both are passively managed. Over the past 10 years, SLV returned 14.08%/yr vs 10.67%/yr for CACX.L. At a 0.25 correlation, their price movements are largely independent. SLV charges 0.50%/yr vs 0.25%/yr for CACX.L.

Performance

SLV vs. CACX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Silver Trust (SLV) and Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SLV is traded in USD, while CACX.L is traded in GBp. To make them comparable, the CACX.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SLV achieves a -4.41% return, which is significantly lower than CACX.L's 1.48% return. Over the past 10 years, SLV has outperformed CACX.L with an annualized return of 14.08%, while CACX.L has yielded a comparatively lower 10.67% annualized return.

SLV

1D
0.02%
1M
-15.66%
YTD
-4.41%
6M
16.83%
1Y
88.38%
3Y*
40.36%
5Y*
19.02%
10Y*
14.08%

CACX.L

1D
0.12%
1M
0.19%
YTD
1.48%
6M
3.00%
1Y
9.72%
3Y*
10.04%
5Y*
6.45%
10Y*
10.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLV vs. CACX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SLV
iShares Silver Trust		-4.41%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%
CACX.L
Lyxor CAC 40 (DR) UCITS ETF - Dist		1.48%28.62%-5.98%23.00%-11.19%21.03%3.87%31.09%-10.56%30.69%

Correlation

The correlation between SLV and CACX.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2008

0.25

SLV vs. CACX.L - Sectors Allocation Comparison

Sectors
SLV
CACX.L

Basic Materials

100.0%
2.4%

Communication Services

-

3.2%

Consumer Cyclical

-

14.9%

Consumer Defensive

-

5.0%

Energy

-

9.6%

Financial Services

-

15.4%

Healthcare

-

9.5%

Industrials

-

34.9%

Real Estate

-

0.7%

Technology

-

4.0%

Utilities

-

0.5%

Basic Materials

SLV
100.0%
CACX.L
2.4%

Communication Services

SLV

-

CACX.L
3.2%

Consumer Cyclical

SLV

-

CACX.L
14.9%

Consumer Defensive

SLV

-

CACX.L
5.0%

Energy

SLV

-

CACX.L
9.6%

Financial Services

SLV

-

CACX.L
15.4%

Healthcare

SLV

-

CACX.L
9.5%

Industrials

SLV

-

CACX.L
34.9%

Real Estate

SLV

-

CACX.L
0.7%

Technology

SLV

-

CACX.L
4.0%

Utilities

SLV

-

CACX.L
0.5%

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iShares Silver Trust

Lyxor CAC 40 (DR) UCITS ETF - Dist

Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ
Often compared with CACX.L:
CACX.L vs. SPYCACX.L vs. AI.PACACX.L vs. XDAX.LCACX.L vs. QQQCACX.L vs. V50A.DECACX.L vs. BRK-BCACX.L vs. ^NDX

Return for Risk

SLV vs. CACX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLV
SLV Risk / Return Rank: 4343
Overall Rank
SLV Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3838
Sortino Ratio Rank
SLV Omega Ratio Rank: 5454
Omega Ratio Rank
SLV Calmar Ratio Rank: 4747
Calmar Ratio Rank
SLV Martin Ratio Rank: 3232
Martin Ratio Rank
CACX.L
CACX.L Risk / Return Rank: 2424
Overall Rank
CACX.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
CACX.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
CACX.L Omega Ratio Rank: 2424
Omega Ratio Rank
CACX.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
CACX.L Martin Ratio Rank: 2424
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLV vs. CACX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L). 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.

SLVCACX.LDifference
Sharpe ratioReturn per unit of total volatility
1.50
0.59

+0.90

Sortino ratioReturn per unit of downside risk
1.80
0.94

+0.85

Omega ratioGain probability vs. loss probability

1.30

1.12

+0.18

Calmar ratioReturn relative to maximum drawdown

2.09

0.76

+1.34

Martin ratioReturn relative to average drawdown

4.40

2.33

+2.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLV vs. CACX.L - Sharpe Ratio Comparison

The current SLV Sharpe Ratio is 1.50, which is higher than the CACX.L Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of SLV and CACX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SLVCACX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

0.59

+0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.32

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.53

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.05

+0.18

Drawdowns

SLV vs. CACX.L - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, which is greater than CACX.L's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for SLV and CACX.L.

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Drawdown Indicators

SLVCACX.LDifference

Max Drawdown

Largest peak-to-trough decline

-76.28%

-68.54%

-7.74%

Max Drawdown (1Y)

Largest decline over 1 year

-42.45%

-12.77%

-29.68%

Max Drawdown (3Y)

Largest decline over 3 years

-42.45%

-15.17%

-27.28%

Max Drawdown (5Y)

Largest decline over 5 years

-42.45%

-32.43%

-10.02%

Max Drawdown (10Y)

Largest decline over 10 years

-42.81%

-40.03%

-2.78%

Current Drawdown

Current decline from peak

-41.69%

-4.77%

-36.92%

Average Drawdown

Average peak-to-trough decline

-44.67%

-33.24%

-11.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.15%

4.16%

+15.99%

Volatility

SLV vs. CACX.L - Volatility Comparison

iShares Silver Trust (SLV) has a higher volatility of 16.89% compared to Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) at 3.91%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than CACX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLVCACX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.89%

3.91%

+12.98%

Volatility (6M)

Calculated over the trailing 6-month period

58.88%

12.59%

+46.29%

Volatility (1Y)

Calculated over the trailing 1-year period

59.53%

16.39%

+43.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.33%

19.89%

+16.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.92%

20.20%

+11.72%

SLV vs. CACX.L - Expense Ratio Comparison

SLV has a 0.50% expense ratio, which is higher than CACX.L's 0.25% expense ratio.

Dividends

SLV vs. CACX.L - Dividend Comparison

SLV has not paid dividends to shareholders, while CACX.L's dividend yield for the trailing twelve months is around 2.84%.

PositionTTM20252024202320222021202020192018201720162015
CACX.L
Lyxor CAC 40 (DR) UCITS ETF - Dist		2.84%2.90%3.00%2.79%2.54%1.95%1.66%4.70%6.43%4.82%3.49%3.46%
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

SLV and CACX.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CACX.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CACX.L is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.

SLV is categorized as Silver, while CACX.L is Europe Equities. SLV tracks LBMA Silver Price, while CACX.L tracks Euronext Paris CAC 40 NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for SLV and 0.25% for CACX.L.

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