SLV vs. SLVM
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while SLVM (Sylvamo Corporation) is a stock. Over the past 3 years, SLV returned 34.29%/yr vs -4.48%/yr for SLVM. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
SLV vs. SLVM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SLV having a -18.57% return and SLVM slightly higher at -17.95%.
SLV
- 1D
- 0.19%
- 1M
- -4.65%
- 6M
- -27.58%
- YTD
- -18.57%
- 1Y
- 56.18%
- 3Y*
- 34.29%
- 5Y*
- 17.38%
- 10Y*
- 10.86%
- ALL TIME*
- 7.17%
SLVM
- 1D
- 2.30%
- 1M
- 0.46%
- 6M
- -19.33%
- YTD
- -17.95%
- 1Y
- -11.81%
- 3Y*
- -4.48%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $713.72M | $758.23M | $1.25B | |
| $10.33M | $11.01M | $13.58M |
SLV vs. SLVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -18.57% | 144.66% | 20.89% | -1.09% | 2.37% | 4.82% |
SLVM Sylvamo Corporation | -17.95% | -37.06% | 64.70% | 4.21% | 75.25% | -11.60% |
Correlation
The correlation between SLV and SLVM is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.14 |
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Return for Risk
SLV vs. SLVM — Risk / Return Rank
SLV
SLVM
SLV vs. SLVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Sylvamo Corporation (SLVM). 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 | SLVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.98 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.35 | +1.43 |
| Martin ratioReturn relative to average drawdown | 2.05 | -0.66 | +2.71 |
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Drawdowns
SLV vs. SLVM - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than SLVM's maximum drawdown of -60.56%. Use the drawdown chart below to compare losses from any high point for SLV and SLVM.
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Drawdown Indicators
| SLV | SLVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -60.56% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -52.28% | -33.87% | -18.41% |
Max Drawdown (3Y)Largest decline over 3 years | -52.28% | -60.56% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -52.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.28% | — | — |
Current DrawdownCurrent decline from peak | -50.32% | -57.36% | +7.04% |
Average DrawdownAverage peak-to-trough decline | -44.68% | -23.55% | -21.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.49% | 17.86% | +9.63% |
Volatility
SLV vs. SLVM - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 10.86% compared to Sylvamo Corporation (SLVM) at 10.29%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than SLVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | SLVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 10.29% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 44.32% | 27.96% | +16.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.47% | 40.75% | +20.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 43.53% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.23% | 43.53% | -11.30% |
Dividends
SLV vs. SLVM - Dividend Comparison
SLV has not paid dividends to shareholders, while SLVM's dividend yield for the trailing twelve months is around 4.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLVM Sylvamo Corporation | 4.70% | 3.74% | 1.90% | 2.75% | 0.46% |
Frequently Asked Questions
SLV and SLVM 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 (10.86%) compared to SLVM (10.29%). In terms of maximum drawdown, SLV dropped -76.28% vs SLVM's -60.56%.
SLV currently has the higher Sharpe Ratio (0.92 vs -0.29), 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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