SLV vs. JNJ
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while JNJ (Johnson & Johnson) is a stock. Over the past 10 years, SLV returned 14.08%/yr vs 10.06%/yr for JNJ. At a 0.08 correlation, their price movements are largely independent.
Performance
SLV vs. JNJ - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -4.41% return, which is significantly lower than JNJ's 13.43% return. Over the past 10 years, SLV has outperformed JNJ with an annualized return of 14.08%, while JNJ has yielded a comparatively lower 10.06% 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%
JNJ
- 1D
- -0.26%
- 1M
- 5.50%
- YTD
- 13.43%
- 6M
- 16.43%
- 1Y
- 53.49%
- 3Y*
- 16.56%
- 5Y*
- 10.04%
- 10Y*
- 10.06%
SLV vs. JNJ - 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% |
JNJ Johnson & Johnson | 13.43% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between SLV and JNJ is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 1, 2006 | 0.08 |
The correlation between SLV and JNJ shifts across timeframes, from 0.07 (3 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLV vs. JNJ — Risk / Return Rank
SLV
JNJ
SLV vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Johnson & Johnson (JNJ). 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 | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.57 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 4.91 | -2.81 |
| Martin ratioReturn relative to average drawdown | 4.40 | 14.52 | -10.12 |
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 | JNJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 3.19 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.60 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.55 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.54 | -0.30 |
Drawdowns
SLV vs. JNJ - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for SLV and JNJ.
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Drawdown Indicators
| SLV | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -50.67% | -25.61% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -10.96% | -31.49% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -15.95% | -26.50% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -18.41% | -24.04% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -27.37% | -15.44% |
Current DrawdownCurrent decline from peak | -41.69% | -6.06% | -35.63% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -11.88% | -32.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 3.70% | +16.45% |
Volatility
SLV vs. JNJ - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.89% compared to Johnson & Johnson (JNJ) at 5.80%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 5.80% | +11.09% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 12.41% | +46.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 16.87% | +42.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 16.87% | +19.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 18.47% | +13.45% |
Dividends
SLV vs. JNJ - Dividend Comparison
SLV has not paid dividends to shareholders, while JNJ's dividend yield for the trailing twelve months is around 2.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.26% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
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 JNJ have a correlation of 0.19, 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 JNJ (5.80%). In terms of maximum drawdown, SLV dropped -76.28% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.19 vs 1.50), 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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