SLV vs. KF
SLV (iShares Silver Trust) and KF (The Korea Fund Inc) are both funds - SLV is a Silver fund tracking the LBMA Silver Price, while KF is a Emerging Markets Equities fund managed by Allianz Global Investors. Over the past 10 years, SLV returned 11.05%/yr vs 16.77%/yr for KF. At a 0.25 correlation, their price movements are largely independent. SLV charges 0.50%/yr vs 0.01%/yr for KF.
Performance
SLV vs. KF - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -17.00% return, which is significantly lower than KF's 107.08% return. Over the past 10 years, SLV has underperformed KF with an annualized return of 11.05%, while KF has yielded a comparatively higher 16.77% annualized return.
SLV
- 1D
- 1.50%
- 1M
- -21.75%
- YTD
- -17.00%
- 6M
- -22.48%
- 1Y
- 62.97%
- 3Y*
- 36.79%
- 5Y*
- 17.27%
- 10Y*
- 11.05%
KF
- 1D
- 3.30%
- 1M
- 0.68%
- YTD
- 107.08%
- 6M
- 104.71%
- 1Y
- 182.72%
- 3Y*
- 49.92%
- 5Y*
- 20.00%
- 10Y*
- 16.77%
SLV vs. KF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -17.00% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
KF The Korea Fund Inc | 107.08% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
Correlation
The correlation between SLV and KF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.25 |
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Return for Risk
SLV vs. KF — Risk / Return Rank
SLV
KF
SLV vs. KF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and The Korea Fund Inc (KF). 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 | KF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.58 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 7.23 | -5.99 |
| Martin ratioReturn relative to average drawdown | 2.74 | 25.50 | -22.75 |
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Drawdowns
SLV vs. KF - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum KF drawdown of -85.25%. Use the drawdown chart below to compare losses from any high point for SLV and KF.
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Drawdown Indicators
| SLV | KF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -85.25% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -50.97% | -25.42% | -25.55% |
Max Drawdown (3Y)Largest decline over 3 years | -50.97% | -28.04% | -22.93% |
Max Drawdown (5Y)Largest decline over 5 years | -50.97% | -47.02% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -52.91% | +1.94% |
Current DrawdownCurrent decline from peak | -49.37% | -6.05% | -43.32% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -37.83% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.01% | 7.20% | +15.81% |
Volatility
SLV vs. KF - Volatility Comparison
The current volatility for iShares Silver Trust (SLV) is 15.67%, while The Korea Fund Inc (KF) has a volatility of 25.49%. This indicates that SLV experiences smaller price fluctuations and is considered to be less risky than KF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | KF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 25.49% | -9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 43.03% | +15.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.75% | 46.24% | +14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.74% | 29.37% | +7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 26.87% | +5.25% |
SLV vs. KF - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than KF's 0.02% expense ratio.
Dividends
SLV vs. KF - Dividend Comparison
SLV has not paid dividends to shareholders, while KF's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 0.58% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
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 KF have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (25.49%) compared to SLV (15.67%). In terms of maximum drawdown, SLV dropped -76.28% vs KF's -85.25%.
KF currently has the higher Sharpe Ratio (3.98 vs 1.04), 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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