SLV vs. IVVD
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while IVVD (Invivyd Inc.) is a stock. Over the past 3 years, SLV returned 31.21%/yr vs -22.28%/yr for IVVD. At a 0.11 correlation, their price movements are largely independent.
Performance
SLV vs. IVVD - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -20.86% return, which is significantly higher than IVVD's -72.26% return.
SLV
- 1D
- 0.39%
- 1M
- -14.33%
- 6M
- -37.08%
- YTD
- -20.86%
- 1Y
- 47.30%
- 3Y*
- 31.21%
- 5Y*
- 16.83%
- 10Y*
- 10.57%
- ALL TIME*
- 7.03%
IVVD
- 1D
- -7.70%
- 1M
- -29.34%
- 6M
- -72.03%
- YTD
- -72.26%
- 1Y
- -8.32%
- 3Y*
- -22.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -49.89%
SLV vs. IVVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -20.86% | 144.66% | 20.89% | -1.09% | 2.37% | -7.68% |
IVVD Invivyd Inc. | -72.26% | 457.44% | -88.75% | 162.67% | -79.34% | -65.43% |
Correlation
The correlation between SLV and IVVD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.11 |
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Return for Risk
SLV vs. IVVD — Risk / Return Rank
SLV
IVVD
SLV vs. IVVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Invivyd Inc. (IVVD). 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 | IVVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.11 | +1.02 |
| Martin ratioReturn relative to average drawdown | 1.85 | -0.21 | +2.06 |
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Drawdowns
SLV vs. IVVD - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum IVVD drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for SLV and IVVD.
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Drawdown Indicators
| SLV | IVVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -99.36% | +23.08% |
Max Drawdown (1Y)Largest decline over 1 year | -52.28% | -76.20% | +23.92% |
Max Drawdown (3Y)Largest decline over 3 years | -52.28% | -92.90% | +40.62% |
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 | -51.72% | -98.78% | +47.06% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -91.23% | +46.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.64% | 39.32% | -13.68% |
Volatility
SLV vs. IVVD - Volatility Comparison
The current volatility for iShares Silver Trust (SLV) is 12.54%, while Invivyd Inc. (IVVD) has a volatility of 26.34%. This indicates that SLV experiences smaller price fluctuations and is considered to be less risky than IVVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | IVVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.54% | 26.34% | -13.80% |
Volatility (6M)Calculated over the trailing 6-month period | 56.50% | 67.52% | -11.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.24% | 141.88% | -80.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.87% | 177.45% | -140.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.18% | 177.45% | -145.27% |
Dividends
SLV vs. IVVD - Dividend Comparison
Neither SLV nor IVVD has paid dividends to shareholders.
Frequently Asked Questions
SLV and IVVD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVD has higher volatility (26.34%) compared to SLV (12.54%). In terms of maximum drawdown, SLV dropped -76.28% vs IVVD's -99.36%.
SLV currently has the higher Sharpe Ratio (0.78 vs -0.06), 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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