SLV vs. ETH-USD
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, SLV returned 14.08%/yr vs 61.34%/yr for ETH-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
SLV vs. ETH-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLV achieves a -4.41% return, which is significantly higher than ETH-USD's -43.98% return. Over the past 10 years, SLV has underperformed ETH-USD with an annualized return of 14.08%, while ETH-USD has yielded a comparatively higher 61.34% 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%
ETH-USD
- 1D
- -1.64%
- 1M
- -28.55%
- YTD
- -43.98%
- 6M
- -46.81%
- 1Y
- -33.81%
- 3Y*
- -3.34%
- 5Y*
- -8.64%
- 10Y*
- 61.34%
SLV vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -4.41% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
ETH-USD Ethereum | -43.98% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between SLV and ETH-USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLV vs. ETH-USD — Risk / Return Rank
SLV
ETH-USD
SLV vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Ethereum (ETH-USD). 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.
| SLV | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.96 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.50 | +2.59 |
| Martin ratioReturn relative to average drawdown | 4.40 | -0.88 | +5.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SLV | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | -0.50 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.12 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.65 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.75 | -0.51 |
Drawdowns
SLV vs. ETH-USD - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SLV and ETH-USD.
Loading charts...
Drawdown Indicators
| SLV | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -94.01% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -67.53% | +25.08% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -67.53% | +25.08% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -79.35% | +36.90% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -94.01% | +51.20% |
Current DrawdownCurrent decline from peak | -41.69% | -65.60% | +23.91% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -50.89% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 44.58% | -24.43% |
Volatility
SLV vs. ETH-USD - Volatility Comparison
iShares Silver Trust (SLV) and Ethereum (ETH-USD) have volatilities of 16.89% and 16.88%, 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.
Loading charts...
Volatility by Period
| SLV | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 16.88% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 46.80% | +12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 56.55% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 59.65% | -23.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 78.04% | -46.12% |
Frequently Asked Questions
SLV and ETH-USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.89%) compared to ETH-USD (16.88%). In terms of maximum drawdown, SLV dropped -76.28% vs ETH-USD's -94.01%.
SLV currently has the higher Sharpe Ratio (1.50 vs -0.50), 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.
Find the right allocation for SLV and ETH-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer