SLV vs. IVV
Compare and contrast key facts about iShares Silver Trust (SLV) and iShares Core S&P 500 ETF (IVV).
SLV and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both SLV and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SLV vs. IVV - Performance Comparison
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SLV vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | 5.77% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, SLV achieves a 5.77% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, SLV has outperformed IVV with an annualized return of 16.87%, while IVV has yielded a comparatively lower 14.02% annualized return.
SLV
- 1D
- 7.27%
- 1M
- -19.83%
- YTD
- 5.77%
- 6M
- 60.82%
- 1Y
- 119.88%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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SLV vs. IVV - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
SLV vs. IVV — Risk / Return Rank
SLV
IVV
SLV vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 0.97 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.49 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.53 | +1.29 |
Martin ratioReturn relative to average drawdown | 8.79 | 7.32 | +1.47 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.97 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.70 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.78 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.42 | -0.17 |
Correlation
The correlation between SLV and IVV is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SLV vs. IVV - Dividend Comparison
SLV has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
SLV vs. IVV - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SLV and IVV.
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Drawdown Indicators
| SLV | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -55.25% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -12.06% | -30.39% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -24.53% | -17.92% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -33.90% | -8.91% |
Current DrawdownCurrent decline from peak | -35.47% | -6.26% | -29.21% |
Average DrawdownAverage peak-to-trough decline | -44.76% | -10.85% | -33.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 2.53% | +11.10% |
Volatility
SLV vs. IVV - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 18.91% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.91% | 5.30% | +13.61% |
Volatility (6M)Calculated over the trailing 6-month period | 57.27% | 9.45% | +47.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.07% | 18.31% | +38.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.28% | 16.89% | +18.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.36% | 18.04% | +13.32% |