SLV vs. PG
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while PG (The Procter & Gamble Company) is a stock. Over the past 10 years, SLV returned 14.08%/yr vs 8.64%/yr for PG. At a 0.09 correlation, their price movements are largely independent.
Performance
SLV vs. PG - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -4.41% return, which is significantly lower than PG's 2.74% return. Over the past 10 years, SLV has outperformed PG with an annualized return of 14.08%, while PG has yielded a comparatively lower 8.64% annualized return.
SLV
- 1D
- 0.02%
- 1M
- -15.66%
- YTD
- -4.41%
- 6M
- 16.83%
- 1Y
- 88.38%
- 3Y*
- 40.36%
- 5Y*
- 19.02%
- 10Y*
- 14.08%
PG
- 1D
- -0.98%
- 1M
- -0.90%
- YTD
- 2.74%
- 6M
- 6.43%
- 1Y
- -8.99%
- 3Y*
- 2.29%
- 5Y*
- 4.10%
- 10Y*
- 8.64%
SLV vs. PG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -4.41% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
PG The Procter & Gamble Company | 2.74% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
Correlation
The correlation between SLV and PG 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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.09 |
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Return for Risk
SLV vs. PG — Risk / Return Rank
SLV
PG
SLV vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and The Procter & Gamble Company (PG). 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 | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.94 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.58 | +2.67 |
| Martin ratioReturn relative to average drawdown | 4.40 | -1.04 | +5.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLV | PG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | -0.48 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.23 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.46 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.46 | -0.23 |
Drawdowns
SLV vs. PG - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than PG's maximum drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for SLV and PG.
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Drawdown Indicators
| SLV | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -54.25% | -22.03% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -15.52% | -26.93% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -21.15% | -21.30% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -23.77% | -18.68% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -23.77% | -19.04% |
Current DrawdownCurrent decline from peak | -41.69% | -15.91% | -25.78% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -12.16% | -32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 8.93% | +11.22% |
Volatility
SLV vs. PG - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 16.89% compared to The Procter & Gamble Company (PG) at 7.01%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 7.01% | +9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 58.88% | 15.32% | +43.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.53% | 18.65% | +40.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 17.79% | +18.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 19.05% | +12.87% |
Dividends
SLV vs. PG - Dividend Comparison
SLV has not paid dividends to shareholders, while PG's dividend yield for the trailing twelve months is around 2.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.94% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
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 PG 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 (16.89%) compared to PG (7.01%). In terms of maximum drawdown, SLV dropped -76.28% vs PG's -54.25%.
SLV currently has the higher Sharpe Ratio (1.50 vs -0.48), 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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