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 56.18% vs -43.69% for IBIT. Their 0.23 correlation means their historical movements had little consistent relationship. SLV charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
SLV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -18.57% return, which is significantly higher than IBIT's -27.17% return.
SLV
- 1D
- 0.19%
- 1M
- -4.65%
- 6M
- -27.58%
- YTD
- -18.57%
- 1Y
- 56.18%
- 3Y*
- 34.29%
- 5Y*
- 17.38%
- 10Y*
- 10.86%
- ALL TIME*
- 7.17%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $713.72M | $758.23M | $1.25B |
SLV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLV iShares Silver Trust | -18.57% | 144.66% | 25.74% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between SLV and IBIT is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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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 | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.82 | +1.90 |
| Martin ratioReturn relative to average drawdown | 2.05 | -1.26 | +3.31 |
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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 -53.30%. Use the drawdown chart below to compare losses from any high point for SLV and IBIT.
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Drawdown Indicators
| SLV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -53.30% | -22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -52.28% | -53.30% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -52.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.28% | — | — |
Current DrawdownCurrent decline from peak | -50.32% | -49.28% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -44.68% | -18.29% | -26.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.49% | 34.80% | -7.31% |
Volatility
SLV vs. IBIT - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 10.86% compared to iShares Bitcoin Trust ETF (IBIT) at 8.98%. 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.
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Volatility by Period
| SLV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 8.98% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 44.32% | 33.79% | +10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.47% | 44.48% | +16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 49.57% | -12.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.23% | 49.57% | -17.34% |
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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (10.86%) compared to IBIT (8.98%). In terms of maximum drawdown, SLV dropped -76.28% vs IBIT's -53.30%.
On 1-year performance, SLV leads with 56.18% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.98%. 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 56.18% return vs -43.69%. 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 (0.92 vs -0.99), 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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