SLV vs. MSFT
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, SLV returned 13.99%/yr vs 24.39%/yr for MSFT. At a 0.11 correlation, their price movements are largely independent.
Performance
SLV vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -4.86% return, which is significantly higher than MSFT's -18.85% return. Over the past 10 years, SLV has underperformed MSFT with an annualized return of 13.99%, while MSFT has yielded a comparatively higher 24.39% annualized return.
SLV
- 1D
- 0.77%
- 1M
- -11.23%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.90%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
MSFT
- 1D
- 0.10%
- 1M
- -7.19%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.07%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
SLV vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between SLV and MSFT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.11 |
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Return for Risk
SLV vs. MSFT — Risk / Return Rank
SLV
MSFT
SLV vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.89 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.53 | +2.42 |
| Martin ratioReturn relative to average drawdown | 4.10 | -1.08 | +5.18 |
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Drawdowns
SLV vs. MSFT - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for SLV and MSFT.
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Drawdown Indicators
| SLV | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -69.38% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -33.91% | -11.49% |
Max Drawdown (3Y)Largest decline over 3 years | -45.40% | -33.91% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -45.40% | -37.15% | -8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | -37.15% | -8.25% |
Current DrawdownCurrent decline from peak | -41.96% | -27.46% | -14.50% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -21.78% | -22.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.88% | 16.48% | +4.40% |
Volatility
SLV vs. MSFT - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.34% compared to Microsoft Corporation (MSFT) at 10.52%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.34% | 10.52% | +5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 59.10% | 22.31% | +36.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.82% | 25.42% | +34.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.46% | 26.66% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.00% | 27.06% | +4.94% |
Dividends
SLV vs. MSFT - Dividend Comparison
SLV has not paid dividends to shareholders, while MSFT's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
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 MSFT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.34%) compared to MSFT (10.52%). In terms of maximum drawdown, SLV dropped -76.28% vs MSFT's -69.38%.
SLV currently has the higher Sharpe Ratio (1.44 vs -0.70), 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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