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SLV vs. MPLX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLV vs. MPLX

Last updated Jun 21, 2026

SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while MPLX (MPLX LP) is a stock. Over the past 10 years, SLV returned 13.58%/yr vs 15.31%/yr for MPLX. At a 0.11 correlation, their price movements are largely independent.

Performance

SLV vs. MPLX - Performance Comparison

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

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Returns By Period

In the year-to-date period, SLV achieves a -7.62% return, which is significantly lower than MPLX's 10.71% return. Over the past 10 years, SLV has underperformed MPLX with an annualized return of 13.58%, while MPLX has yielded a comparatively higher 15.31% annualized return.

SLV

1D
-1.81%
1M
-12.95%
YTD
-7.62%
6M
-2.33%
1Y
81.88%
3Y*
38.96%
5Y*
20.04%
10Y*
13.58%

MPLX

1D
1.66%
1M
0.66%
YTD
10.71%
6M
10.03%
1Y
19.67%
3Y*
28.75%
5Y*
24.50%
10Y*
15.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLV vs. MPLX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SLV
iShares Silver Trust		-7.62%144.66%20.89%-1.09%2.37%-12.45%47.30%14.88%-9.19%5.82%
MPLX
MPLX LP		10.71%20.54%41.72%22.46%21.09%53.92%-1.79%-8.25%-8.43%9.00%

Correlation

The correlation between SLV and MPLX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2012

0.11

The correlation between SLV and MPLX shifts across timeframes, from -0.01 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

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iShares Silver Trust

MPLX LP

Often compared with SLV:
SLV vs. GLDSLV vs. SIVRSLV vs. PSLVSLV vs. SILSLV vs. SILJSLV vs. SLVPSLV vs. AGQ
Often compared with MPLX:
MPLX vs. EPDMPLX vs. WESMPLX vs. HESMMPLX vs. PAAMPLX vs. MPCMPLX vs. ENFRMPLX vs. XLE

Return for Risk

SLV vs. MPLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLV
SLV Risk / Return Rank: 3636
Overall Rank
SLV Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
SLV Sortino Ratio Rank: 3232
Sortino Ratio Rank
SLV Omega Ratio Rank: 4444
Omega Ratio Rank
SLV Calmar Ratio Rank: 3636
Calmar Ratio Rank
SLV Martin Ratio Rank: 2828
Martin Ratio Rank
MPLX
MPLX Risk / Return Rank: 7676
Overall Rank
MPLX Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
MPLX Sortino Ratio Rank: 7272
Sortino Ratio Rank
MPLX Omega Ratio Rank: 7070
Omega Ratio Rank
MPLX Calmar Ratio Rank: 8080
Calmar Ratio Rank
MPLX Martin Ratio Rank: 7979
Martin Ratio Rank
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. MPLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and MPLX LP (MPLX). 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.

SLVMPLXDifference
Sharpe ratioReturn per unit of total volatility
1.32
1.25

+0.07

Sortino ratioReturn per unit of downside risk
1.67
1.77

-0.09

Omega ratioGain probability vs. loss probability

1.27

1.21

+0.06

Calmar ratioReturn relative to maximum drawdown

1.75

2.55

-0.81

Martin ratioReturn relative to average drawdown

3.68

5.92

-2.24

SLV vs. MPLX - Sharpe Ratio Comparison

The current SLV Sharpe Ratio is 1.32, which is comparable to the MPLX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SLV and MPLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SLV vs. MPLX - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for SLV and MPLX.

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Drawdown Indicators

SLVMPLXDifference

Max Drawdown

Largest peak-to-trough decline

-76.28%

-85.72%

+9.44%

Max Drawdown (1Y)

Largest decline over 1 year

-45.40%

-7.71%

-37.69%

Max Drawdown (3Y)

Largest decline over 3 years

-45.40%

-14.58%

-30.82%

Max Drawdown (5Y)

Largest decline over 5 years

-45.40%

-18.46%

-26.94%

Max Drawdown (10Y)

Largest decline over 10 years

-45.40%

-75.21%

+29.81%

Current Drawdown

Current decline from peak

-43.65%

-2.06%

-41.59%

Average Drawdown

Average peak-to-trough decline

-44.65%

-29.91%

-14.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.52%

3.32%

+18.20%

Volatility

SLV vs. MPLX - Volatility Comparison

iShares Silver Trust (SLV) has a higher volatility of 14.09% compared to MPLX LP (MPLX) at 4.72%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLVMPLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.09%

4.72%

+9.37%

Volatility (6M)

Calculated over the trailing 6-month period

59.18%

11.52%

+47.66%

Volatility (1Y)

Calculated over the trailing 1-year period

60.10%

15.77%

+44.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.50%

19.37%

+17.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.04%

30.63%

+1.41%

Dividends

SLV vs. MPLX - Dividend Comparison

SLV has not paid dividends to shareholders, while MPLX's dividend yield for the trailing twelve months is around 7.36%.

PositionTTM20252024202320222021202020192018201720162015
MPLX
MPLX LP		7.36%7.39%7.33%8.65%8.80%11.30%12.70%10.41%8.22%6.23%5.86%4.33%
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 MPLX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLV has higher volatility (14.09%) compared to MPLX (4.72%). In terms of maximum drawdown, SLV dropped -76.28% vs MPLX's -85.72%.

SLV currently has the higher Sharpe Ratio (1.32 vs 1.25), 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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