SLV vs. KSLV
SLV (iShares Silver Trust) and KSLV (Kurv Silver Enhanced Income ETF) are both Silver funds. SLV is passively managed, while KSLV is actively managed. Their 0.99 correlation means they have historically moved very closely together. SLV charges 0.50%/yr vs 1.00%/yr for KSLV.
Performance
SLV vs. KSLV - 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 KSLV's -20.45% 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%
KSLV
- 1D
- 0.42%
- 1M
- -5.25%
- 6M
- -29.69%
- YTD
- -20.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37M | $1.37M | $2.38M | |
| $713.72M | $758.23M | $1.25B |
SLV vs. KSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLV iShares Silver Trust | -18.57% | 51.58% |
KSLV Kurv Silver Enhanced Income ETF | -20.45% | 49.94% |
Correlation
The correlation between SLV and KSLV is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.99 |
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Return for Risk
SLV vs. KSLV — Risk / Return Rank
SLV
KSLV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLV vs. KSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Kurv Silver Enhanced Income ETF (KSLV). 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 | KSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | — | — |
| Martin ratioReturn relative to average drawdown | 2.05 | — | — |
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Drawdowns
SLV vs. KSLV - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than KSLV's maximum drawdown of -54.73%. Use the drawdown chart below to compare losses from any high point for SLV and KSLV.
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Drawdown Indicators
| SLV | KSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -54.73% | -21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -52.28% | — | — |
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% | -52.85% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -44.68% | -25.30% | -19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.49% | — | — |
Volatility
SLV vs. KSLV - Volatility Comparison
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Volatility by Period
| SLV | KSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.47% | 68.65% | -7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 68.65% | -31.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.23% | 68.65% | -36.42% |
SLV vs. KSLV - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is lower than KSLV's 1.00% expense ratio.
Dividends
SLV vs. KSLV - Dividend Comparison
SLV has not paid dividends to shareholders, while KSLV's dividend yield for the trailing twelve months is around 26.96%.
| Position | TTM | 2025 |
|---|---|---|
KSLV Kurv Silver Enhanced Income ETF | 26.96% | 4.42% |
SLV iShares Silver Trust | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, SLV and KSLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLV is cheaper with a 0.50% expense ratio, compared with 1.00% for KSLV.
KSLV has the higher dividend yield at 26.96%, compared with 0.00% for SLV.
They also come from different issuers: iShares and Kurv. Their fees differ too: 0.50% for SLV and 1.00% for KSLV.
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