SLV vs. MAG

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Silver Trust (SLV) and MAG Silver Corp. (MAG).

SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006.

Performance

SLV vs. MAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Silver Trust (SLV) and MAG Silver Corp. (MAG). The values are adjusted to include any dividend payments, if applicable.

SLV vs. MAG - 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%
MAG MAG Silver Corp.	0.00%	85.31%	30.64%	-33.40%	-0.26%	-23.64%	73.31%	62.19%	-40.94%	12.06%

Returns By Period

SLV

• 1D: 0.00%
• 1M: -16.46%
• YTD: 5.77%
• 6M: 58.80%
• 1Y: 122.46%
• 3Y*: 45.50%
• 5Y*: 24.10%
• 10Y*: 16.87%

MAG

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SLV vs. MAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLV

SLV Risk / Return Rank: 86
SLV Sharpe Ratio Rank: 92
SLV Sortino Ratio Rank: 82
SLV Omega Ratio Rank: 91
SLV Calmar Ratio Rank: 87
SLV Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLV vs. MAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and MAG Silver Corp. (MAG). 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	MAG	Difference
Sharpe ratio Return per unit of total volatility	2.16	—	—
Sortino ratio Return per unit of downside risk	2.23	—	—
Omega ratio Gain probability vs. loss probability	1.40	—	—
Calmar ratio Return relative to maximum drawdown	2.82	—	—
Martin ratio Return relative to average drawdown	8.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SLV	MAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	—	—

Correlation

The correlation between SLV and MAG is 0.36, 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. MAG - Dividend Comparison

SLV has not paid dividends to shareholders, while MAG's dividend yield for the trailing twelve months is around 2.14%.

	TTM	2025
SLV iShares Silver Trust	0.00%	0.00%
MAG MAG Silver Corp.	2.14%	2.14%

Drawdowns

Drawdown Indicators

	SLV	MAG	Difference
Max Drawdown Largest peak-to-trough decline	-76.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-42.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.81%	—	—
Current Drawdown Current decline from peak	-35.47%	—	—
Average Drawdown Average peak-to-trough decline	-44.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.77%	—	—

Volatility

Volatility by Period

	SLV	MAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.35%	—	—