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SLV vs. HEI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLV vs. HEI

Last updated Jun 9, 2026

SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while HEI (HEICO Corporation) is a stock. Over the past 10 years, SLV returned 14.08%/yr vs 25.42%/yr for HEI. At a 0.13 correlation, their price movements are largely independent.

Performance

SLV vs. HEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Silver Trust (SLV) and HEICO Corporation (HEI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SLV achieves a -4.41% return, which is significantly lower than HEI's 0.01% return. Over the past 10 years, SLV has underperformed HEI with an annualized return of 14.08%, while HEI has yielded a comparatively higher 25.42% 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%

HEI

1D
-2.39%
1M
10.59%
YTD
0.01%
6M
2.87%
1Y
6.72%
3Y*
25.63%
5Y*
17.50%
10Y*
25.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLV vs. HEI - 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%
HEI
HEICO Corporation		0.01%36.22%33.05%16.56%6.67%9.06%16.16%47.54%28.51%53.04%

Correlation

The correlation between SLV and HEI 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

0.07

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

0.12

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

0.11

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2006

0.13

Compare stocks, funds, or ETFs

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iShares Silver Trust

HEICO Corporation

Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ
Often compared with HEI:
HEI vs. TDGHEI vs. HEI-AHEI vs. CWHEI vs. AXONHEI vs. HIIHEI vs. KLACHEI vs. LDOS

Return for Risk

SLV vs. HEI — 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
HEI
HEI Risk / Return Rank: 4747
Overall Rank
HEI Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
HEI Sortino Ratio Rank: 4545
Sortino Ratio Rank
HEI Omega Ratio Rank: 4444
Omega Ratio Rank
HEI Calmar Ratio Rank: 4848
Calmar Ratio Rank
HEI Martin Ratio Rank: 4949
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. HEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and HEICO Corporation (HEI). 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.

SLVHEIDifference
Sharpe ratioReturn per unit of total volatility
1.50
0.21

+1.29

Sortino ratioReturn per unit of downside risk
1.80
0.54

+1.26

Omega ratioGain probability vs. loss probability

1.30

1.07

+0.23

Calmar ratioReturn relative to maximum drawdown

2.09

0.25

+1.84

Martin ratioReturn relative to average drawdown

4.40

0.60

+3.80

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. HEI - Sharpe Ratio Comparison

The current SLV Sharpe Ratio is 1.50, which is higher than the HEI Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of SLV and HEI, 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

SLVHEIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

0.21

+1.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.64

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.83

-0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.51

-0.28

Drawdowns

SLV vs. HEI - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, roughly equal to the maximum HEI drawdown of -75.50%. Use the drawdown chart below to compare losses from any high point for SLV and HEI.

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Drawdown Indicators

SLVHEIDifference

Max Drawdown

Largest peak-to-trough decline

-76.28%

-75.50%

-0.78%

Max Drawdown (1Y)

Largest decline over 1 year

-42.45%

-27.11%

-15.34%

Max Drawdown (3Y)

Largest decline over 3 years

-42.45%

-27.11%

-15.34%

Max Drawdown (5Y)

Largest decline over 5 years

-42.45%

-27.11%

-15.34%

Max Drawdown (10Y)

Largest decline over 10 years

-42.81%

-57.73%

+14.92%

Current Drawdown

Current decline from peak

-41.69%

-9.65%

-32.04%

Average Drawdown

Average peak-to-trough decline

-44.67%

-19.96%

-24.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.15%

11.14%

+9.01%

Volatility

SLV vs. HEI - Volatility Comparison

iShares Silver Trust (SLV) has a higher volatility of 16.89% compared to HEICO Corporation (HEI) at 13.61%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than HEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLVHEIDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.89%

13.61%

+3.28%

Volatility (6M)

Calculated over the trailing 6-month period

58.88%

27.21%

+31.67%

Volatility (1Y)

Calculated over the trailing 1-year period

59.53%

32.79%

+26.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.33%

27.59%

+8.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.92%

30.61%

+1.31%

Dividends

SLV vs. HEI - Dividend Comparison

SLV has not paid dividends to shareholders, while HEI's dividend yield for the trailing twelve months is around 0.07%.

PositionTTM20252024202320222021202020192018201720162015
HEI
HEICO Corporation		0.07%0.07%0.09%0.11%0.12%0.12%0.12%0.12%0.14%0.08%0.22%0.28%
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 HEI 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 HEI (13.61%). In terms of maximum drawdown, SLV dropped -76.28% vs HEI's -75.50%.

SLV currently has the higher Sharpe Ratio (1.50 vs 0.21), 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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