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SLV vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SLVGLD
YTD Return44.12%33.96%
1Y Return47.09%38.35%
3Y Return (Ann)12.48%15.46%
5Y Return (Ann)13.20%12.49%
10Y Return (Ann)7.33%8.58%
Sharpe Ratio1.592.66
Sortino Ratio2.253.58
Omega Ratio1.281.46
Calmar Ratio0.845.07
Martin Ratio6.5817.22
Ulcer Index7.33%2.18%
Daily Std Dev30.38%14.13%
Max Drawdown-76.28%-45.56%
Current Drawdown-33.58%0.00%

Correlation

-0.50.00.51.00.8

The correlation between SLV and GLD is 0.80, 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. GLD - Performance Comparison

In the year-to-date period, SLV achieves a 44.12% return, which is significantly higher than GLD's 33.96% return. Over the past 10 years, SLV has underperformed GLD with an annualized return of 7.33%, while GLD has yielded a comparatively higher 8.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%10.00%20.00%30.00%MayJuneJulyAugustSeptemberOctober
30.52%
20.87%
SLV
GLD

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SLV vs. GLD - Expense Ratio Comparison

SLV has a 0.50% expense ratio, which is higher than GLD's 0.40% expense ratio.


SLV
iShares Silver Trust
Expense ratio chart for SLV: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Risk-Adjusted Performance

SLV vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and SPDR Gold Trust (GLD). 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
Sharpe ratio
The chart of Sharpe ratio for SLV, currently valued at 1.59, compared to the broader market-2.000.002.004.006.001.59
Sortino ratio
The chart of Sortino ratio for SLV, currently valued at 2.25, compared to the broader market0.005.0010.002.25
Omega ratio
The chart of Omega ratio for SLV, currently valued at 1.28, compared to the broader market1.001.502.002.503.001.28
Calmar ratio
The chart of Calmar ratio for SLV, currently valued at 0.84, compared to the broader market0.005.0010.0015.000.84
Martin ratio
The chart of Martin ratio for SLV, currently valued at 6.58, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.58
GLD
Sharpe ratio
The chart of Sharpe ratio for GLD, currently valued at 2.66, compared to the broader market-2.000.002.004.006.002.66
Sortino ratio
The chart of Sortino ratio for GLD, currently valued at 3.58, compared to the broader market0.005.0010.003.58
Omega ratio
The chart of Omega ratio for GLD, currently valued at 1.46, compared to the broader market1.001.502.002.503.001.46
Calmar ratio
The chart of Calmar ratio for GLD, currently valued at 5.07, compared to the broader market0.005.0010.0015.005.07
Martin ratio
The chart of Martin ratio for GLD, currently valued at 17.22, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.22

SLV vs. GLD - Sharpe Ratio Comparison

The current SLV Sharpe Ratio is 1.59, which is lower than the GLD Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of SLV and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50MayJuneJulyAugustSeptemberOctober
1.59
2.66
SLV
GLD

Dividends

SLV vs. GLD - Dividend Comparison

Neither SLV nor GLD has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

SLV vs. GLD - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SLV and GLD. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%MayJuneJulyAugustSeptemberOctober
-33.58%
0
SLV
GLD

Volatility

SLV vs. GLD - Volatility Comparison

iShares Silver Trust (SLV) has a higher volatility of 9.02% compared to SPDR Gold Trust (GLD) at 3.04%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%MayJuneJulyAugustSeptemberOctober
9.02%
3.04%
SLV
GLD