SLV vs. HMC
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while HMC (Honda Motor Co., Ltd.) is a stock. Over the past 10 years, SLV returned 14.08%/yr vs 3.28%/yr for HMC. At a 0.14 correlation, their price movements are largely independent.
Performance
SLV vs. HMC - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -4.41% return, which is significantly higher than HMC's -8.51% return. Over the past 10 years, SLV has outperformed HMC with an annualized return of 14.08%, while HMC has yielded a comparatively lower 3.28% 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%
HMC
- 1D
- 1.01%
- 1M
- 10.04%
- YTD
- -8.51%
- 6M
- -8.11%
- 1Y
- -5.83%
- 3Y*
- -1.40%
- 5Y*
- -0.78%
- 10Y*
- 3.28%
SLV vs. HMC - 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% |
HMC Honda Motor Co., Ltd. | -8.51% | 8.04% | -5.14% | 39.86% | -16.69% | 3.61% | 2.88% | 10.34% | -20.81% | 20.02% |
Correlation
The correlation between SLV and HMC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 1, 2006 | 0.14 |
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Return for Risk
SLV vs. HMC — Risk / Return Rank
SLV
HMC
SLV vs. HMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Honda Motor Co., Ltd. (HMC). 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 | HMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.19 | +2.28 |
| Martin ratioReturn relative to average drawdown | 4.40 | -0.38 | +4.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLV | HMC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | -0.19 | +1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.03 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.13 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.17 | +0.06 |
Drawdowns
SLV vs. HMC - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum HMC drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for SLV and HMC.
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Drawdown Indicators
| SLV | HMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -90.46% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -31.18% | -11.27% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -35.41% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -35.41% | -7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -43.12% | +0.31% |
Current DrawdownCurrent decline from peak | -41.69% | -23.09% | -18.60% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -36.10% | -8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 15.43% | +4.72% |
Volatility
SLV vs. HMC - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.89% compared to Honda Motor Co., Ltd. (HMC) at 10.95%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than HMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | HMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 10.95% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 21.03% | +37.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 30.17% | +29.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 26.89% | +9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 25.45% | +6.47% |
Dividends
SLV vs. HMC - Dividend Comparison
SLV has not paid dividends to shareholders, while HMC's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMC Honda Motor Co., Ltd. | 2.53% | 4.67% | 3.19% | 3.29% | 4.00% | 3.08% | 2.72% | 2.90% | 2.27% | 2.45% | 2.87% | 2.86% |
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 HMC have a correlation of 0.12, 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 HMC (10.95%). In terms of maximum drawdown, SLV dropped -76.28% vs HMC's -90.46%.
SLV currently has the higher Sharpe Ratio (1.50 vs -0.19), 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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