SLV vs. IBIT
SLV (iShares Silver Trust) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SLV returned 69.08% vs -39.82% for IBIT. At a 0.21 correlation, their price movements are largely independent. SLV charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
SLV vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLV achieves a -13.49% return, which is significantly higher than IBIT's -28.88% return.
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLV iShares Silver Trust | -13.49% | 144.66% | 25.74% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between SLV and IBIT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLV vs. IBIT — Risk / Return Rank
SLV
IBIT
SLV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.77 | +2.24 |
| Martin ratioReturn relative to average drawdown | 3.16 | -1.30 | +4.47 |
Loading charts...
Drawdowns
SLV vs. IBIT - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for SLV and IBIT.
Loading charts...
Drawdown Indicators
| SLV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -52.11% | -24.17% |
Max Drawdown (1Y)Largest decline over 1 year | -47.23% | -52.11% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -47.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.23% | — | — |
Current DrawdownCurrent decline from peak | -47.23% | -50.47% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -44.65% | -16.85% | -27.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.91% | 30.58% | -8.67% |
Volatility
SLV vs. IBIT - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 14.34% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 13.18% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 59.27% | 34.64% | +24.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.33% | 44.31% | +16.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.59% | 50.22% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.09% | 50.22% | -18.13% |
SLV vs. IBIT - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
SLV vs. IBIT - Dividend Comparison
Neither SLV nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
SLV and IBIT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to IBIT (13.18%). In terms of maximum drawdown, SLV dropped -76.28% vs IBIT's -52.11%.
On 1-year performance, SLV leads with 69.08% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLV has performed better with a 69.08% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for SLV.
SLV and IBIT have nearly identical dividend yields, around 0.00%.
SLV is categorized as Silver, while IBIT is Cryptocurrency. SLV tracks LBMA Silver Price, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.50% for SLV and 0.25% for IBIT.
SLV currently has the higher Sharpe Ratio (1.15 vs -0.90), 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.
Find the right allocation for SLV and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer