SLV vs. SBT.TO
Compare and contrast key facts about iShares Silver Trust (SLV) and Purpose Silver Bullion Fund (SBT.TO).
SLV and SBT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. SBT.TO is a passively managed fund by Purpose Investments that tracks the performance of the N/A (Physical Bullion). It was launched on May 25, 2016. Both SLV and SBT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SLV vs. SBT.TO - Performance Comparison
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SLV vs. SBT.TO - 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% |
SBT.TO Purpose Silver Bullion Fund | 4.22% | 148.43% | 9.19% | 1.40% | -4.84% | -12.54% | 50.97% | 18.97% | -19.59% | -11.35% |
Different Trading Currencies
SLV is traded in USD, while SBT.TO is traded in CAD. To make them comparable, the SBT.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLV achieves a 5.77% return, which is significantly higher than SBT.TO's 4.22% return.
SLV
- 1D
- 7.27%
- 1M
- -19.83%
- YTD
- 5.77%
- 6M
- 60.82%
- 1Y
- 119.88%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
SBT.TO
- 1D
- 7.33%
- 1M
- -20.21%
- YTD
- 4.22%
- 6M
- 59.98%
- 1Y
- 119.36%
- 3Y*
- 41.80%
- 5Y*
- 20.78%
- 10Y*
- —
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SLV vs. SBT.TO - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than SBT.TO's 0.36% expense ratio.
Return for Risk
SLV vs. SBT.TO — Risk / Return Rank
SLV
SBT.TO
SLV vs. SBT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Purpose Silver Bullion Fund (SBT.TO). 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 | SBT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.11 | 2.04 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.20 | 2.17 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.70 | +0.12 |
Martin ratioReturn relative to average drawdown | 8.79 | 8.51 | +0.28 |
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 | SBT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.04 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.56 | +0.13 |
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 | 0.20 | +0.05 |
Correlation
The correlation between SLV and SBT.TO is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SLV vs. SBT.TO - Dividend Comparison
Neither SLV nor SBT.TO has paid dividends to shareholders.
Drawdowns
SLV vs. SBT.TO - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than SBT.TO's maximum drawdown of -52.44%. Use the drawdown chart below to compare losses from any high point for SLV and SBT.TO.
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Drawdown Indicators
| SLV | SBT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -47.82% | -28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -42.69% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -42.69% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | — | — |
Current DrawdownCurrent decline from peak | -35.47% | -35.43% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -44.76% | -16.60% | -28.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 13.68% | -0.05% |
Volatility
SLV vs. SBT.TO - Volatility Comparison
iShares Silver Trust (SLV) and Purpose Silver Bullion Fund (SBT.TO) have volatilities of 18.91% and 19.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | SBT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.91% | 19.71% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 57.27% | 58.62% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.07% | 58.80% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.28% | 37.48% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.36% | 67.51% | -36.15% |