SLV vs. HD
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while HD (The Home Depot, Inc.) is a stock. Over the past 10 years, SLV returned 13.99%/yr vs 12.81%/yr for HD. At a 0.07 correlation, their price movements are largely independent.
Performance
SLV vs. HD - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -4.86% return, which is significantly lower than HD's -3.21% return. Over the past 10 years, SLV has outperformed HD with an annualized return of 13.99%, while HD has yielded a comparatively lower 12.81% annualized return.
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
HD
- 1D
- 0.73%
- 1M
- 9.35%
- YTD
- -3.21%
- 6M
- -7.39%
- 1Y
- -7.17%
- 3Y*
- 5.70%
- 5Y*
- 3.66%
- 10Y*
- 12.81%
SLV vs. HD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
HD The Home Depot, Inc. | -3.21% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
Correlation
The correlation between SLV and HD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.07 |
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Return for Risk
SLV vs. HD — Risk / Return Rank
SLV
HD
SLV vs. HD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and The Home Depot, Inc. (HD). 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 | HD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.97 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.25 | +2.14 |
| Martin ratioReturn relative to average drawdown | 4.10 | -0.50 | +4.60 |
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Drawdowns
SLV vs. HD - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than HD's maximum drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for SLV and HD.
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Drawdown Indicators
| SLV | HD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -70.46% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -28.81% | -16.59% |
Max Drawdown (3Y)Largest decline over 3 years | -45.40% | -28.84% | -16.56% |
Max Drawdown (5Y)Largest decline over 5 years | -45.40% | -34.73% | -10.67% |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | -37.99% | -7.41% |
Current DrawdownCurrent decline from peak | -41.96% | -20.86% | -21.10% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -20.60% | -24.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.88% | 14.34% | +6.54% |
Volatility
SLV vs. HD - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.34% compared to The Home Depot, Inc. (HD) at 6.82%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than HD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | HD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.34% | 6.82% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 59.10% | 17.97% | +41.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.82% | 23.74% | +36.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.46% | 24.12% | +12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.00% | 24.84% | +7.16% |
Dividends
SLV vs. HD - Dividend Comparison
SLV has not paid dividends to shareholders, while HD's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 2.82% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
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 HD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.34%) compared to HD (6.82%). In terms of maximum drawdown, SLV dropped -76.28% vs HD's -70.46%.
SLV currently has the higher Sharpe Ratio (1.44 vs -0.30), 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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