SLV vs. MOOD

Last updated Jun 13, 2026

SLV (iShares Silver Trust) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. SLV is passively managed, while MOOD is actively managed. Over the past 3 years, SLV returned 41.27%/yr vs 20.20%/yr for MOOD. A 0.54 correlation means they provide meaningful diversification when combined. SLV charges 0.50%/yr vs 0.68%/yr for MOOD.

Performance

SLV vs. MOOD - Performance Comparison

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

Returns By Period

In the year-to-date period, SLV achieves a -4.86% return, which is significantly lower than MOOD's 14.12% return.

SLV

• 1D: 0.77%
• 1M: -22.76%
• YTD: -4.86%
• 6M: 9.25%
• 1Y: 85.39%
• 3Y*: 41.27%
• 5Y*: 18.83%
• 10Y*: 13.99%

MOOD

• 1D: 0.41%
• 1M: 1.18%
• YTD: 14.12%
• 6M: 15.59%
• 1Y: 33.44%
• 3Y*: 20.20%
• 5Y*: —
• 10Y*: —

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

SLV vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SLV iShares Silver Trust	-4.86%	144.66%	20.89%	-1.09%	11.61%
MOOD Relative Sentiment Tactical Allocation ETF	14.12%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between SLV and MOOD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.54

The correlation between SLV and MOOD shifts across timeframes, from 0.54 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

SLV vs. MOOD - Sectors Allocation Comparison

Sectors	SLV	MOOD
Basic Materials	100.0%	4.4%
Communication Services	-	7.9%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	5.1%
Energy	-	3.7%
Financial Services	-	15.7%
Healthcare	-	8.4%
Industrials	-	12.6%
Real Estate	-	2.5%
Technology	-	27.6%
Utilities	-	2.7%

Return for Risk

SLV vs. MOOD — Risk / Return Rank

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

SLV

SLV Risk / Return Rank: 42
SLV Sharpe Ratio Rank: 47
SLV Sortino Ratio Rank: 38
SLV Omega Ratio Rank: 53
SLV Calmar Ratio Rank: 43
SLV Martin Ratio Rank: 32

MOOD

MOOD Risk / Return Rank: 77
MOOD Sharpe Ratio Rank: 83
MOOD Sortino Ratio Rank: 70
MOOD Omega Ratio Rank: 86
MOOD Calmar Ratio Rank: 77
MOOD Martin Ratio Rank: 67

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. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Relative Sentiment Tactical Allocation ETF (MOOD). 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	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.32	-0.88
Sortino ratio: Return per unit of downside risk	1.76	2.76	-1.00
Omega ratio: Gain probability vs. loss probability	1.29	1.45	-0.16
Calmar ratio: Return relative to maximum drawdown	1.89	3.46	-1.57
Martin ratio: Return relative to average drawdown	4.10	10.68	-6.58

SLV vs. MOOD - Sharpe Ratio Comparison

The current SLV Sharpe Ratio is 1.44, which is lower than the MOOD Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SLV and MOOD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLV vs. MOOD - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for SLV and MOOD.

Drawdown Indicators

	SLV	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-76.28%	-14.34%	-61.94%
Max Drawdown (1Y) Largest decline over 1 year	-45.40%	-9.71%	-35.69%
Max Drawdown (3Y) Largest decline over 3 years	-45.40%	-9.71%	-35.69%
Max Drawdown (5Y) Largest decline over 5 years	-45.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.40%	—	—
Current Drawdown Current decline from peak	-41.96%	-0.86%	-41.10%
Average Drawdown Average peak-to-trough decline	-44.66%	-2.32%	-42.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.88%	3.14%	+17.74%

Volatility

SLV vs. MOOD - Volatility Comparison

iShares Silver Trust (SLV) has a higher volatility of 16.34% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 4.19%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLV	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.34%	4.19%	+12.15%
Volatility (6M) Calculated over the trailing 6-month period	59.10%	12.73%	+46.37%
Volatility (1Y) Calculated over the trailing 1-year period	59.82%	14.49%	+45.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.46%	12.13%	+24.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.00%	12.13%	+19.87%

SLV vs. MOOD - Expense Ratio Comparison

SLV has a 0.50% expense ratio, which is lower than MOOD's 0.68% expense ratio.

Dividends

SLV vs. MOOD - Dividend Comparison

SLV has not paid dividends to shareholders, while MOOD's dividend yield for the trailing twelve months is around 0.35%.

Position	TTM	2025	2024	2023	2022
MOOD Relative Sentiment Tactical Allocation ETF	0.35%	0.40%	1.33%	1.34%	1.43%
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLV and MOOD in my portfolio?

SLV and MOOD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLV or MOOD?

SLV has higher volatility (16.34%) compared to MOOD (4.19%). In terms of maximum drawdown, SLV dropped -76.28% vs MOOD's -14.34%.

Which ETF is better, SLV or MOOD?

On 3-year performance, SLV leads with 41.27% vs 20.20% for MOOD. On fees, SLV is cheaper at 0.50% per year. On volatility, MOOD has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLV or MOOD?

Over the 3-year period, SLV has performed better with a 41.27% return vs 20.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLV or MOOD?

SLV is cheaper with a 0.50% expense ratio, compared with 0.68% for MOOD.

Which ETF pays a higher dividend yield, SLV or MOOD?

MOOD has the higher dividend yield at 0.35%, compared with 0.00% for SLV.

What is the main difference between SLV and MOOD?

SLV is categorized as Silver, while MOOD is Tactical Allocation. They also come from different issuers: iShares and Relative Sentiment. Their fees differ too: 0.50% for SLV and 0.68% for MOOD.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.32 vs 1.44), 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.