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

Key characteristics


SLVGLD
YTD Return3.35%6.24%
1Y Return5.04%10.72%
3Y Return (Ann)-0.99%7.79%
5Y Return (Ann)9.86%10.76%
10Y Return (Ann)1.75%5.02%
Sharpe Ratio0.260.99
Daily Std Dev23.70%11.80%
Max Drawdown-76.28%-45.56%
Current Drawdown-52.04%0.00%

Correlation

0.80
-1.001.00

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 3.35% return, which is significantly lower than GLD's 6.24% return. Over the past 10 years, SLV has underperformed GLD with an annualized return of 1.75%, while GLD has yielded a comparatively higher 5.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


50.00%100.00%150.00%200.00%OctoberNovemberDecember2024FebruaryMarch
64.12%
212.03%
SLV
GLD

Compare stocks, funds, or ETFs


iShares Silver Trust

SPDR Gold Trust

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
0.50%1.00%1.50%2.00%0.50%
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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SLV
iShares Silver Trust
0.26
GLD
SPDR Gold Trust
0.99

SLV vs. GLD - Sharpe Ratio Comparison

The current SLV Sharpe Ratio is 0.26, which is lower than the GLD Sharpe Ratio of 0.99. The chart below compares the 12-month rolling Sharpe Ratio of SLV and GLD.


Rolling 12-month Sharpe Ratio0.000.501.001.50OctoberNovemberDecember2024FebruaryMarch
0.26
0.99
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%. The drawdown chart below compares losses from any high point along the way for SLV and GLD


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-52.04%
0
SLV
GLD

Volatility

SLV vs. GLD - Volatility Comparison

iShares Silver Trust (SLV) has a higher volatility of 6.85% compared to SPDR Gold Trust (GLD) at 3.31%. 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.


2.00%4.00%6.00%8.00%10.00%OctoberNovemberDecember2024FebruaryMarch
6.85%
3.31%
SLV
GLD