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 31.65%/yr vs 0.38%/yr for SLVM. At a 0.15 correlation, their price movements are largely independent.
Performance
SLV vs. SLVM - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -19.03% return, which is significantly lower than SLVM's -15.79% return.
SLV
- 1D
- -3.32%
- 1M
- -14.90%
- 6M
- -32.46%
- YTD
- -19.03%
- 1Y
- 48.90%
- 3Y*
- 31.65%
- 5Y*
- 16.48%
- 10Y*
- 10.58%
SLVM
- 1D
- 0.26%
- 1M
- -4.50%
- 6M
- -20.62%
- YTD
- -15.79%
- 1Y
- -19.67%
- 3Y*
- 0.38%
- 5Y*
- —
- 10Y*
- —
SLV vs. SLVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -19.03% | 144.66% | 20.89% | -1.09% | 2.37% | 4.82% |
SLVM Sylvamo Corporation | -15.79% | -37.06% | 64.70% | 4.21% | 75.25% | -11.60% |
Correlation
The correlation between SLV and SLVM is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.15 |
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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 | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.94 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.58 | +1.55 |
| Martin ratioReturn relative to average drawdown | 1.99 | -1.13 | +3.12 |
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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 | -50.97% | -33.87% | -17.10% |
Max Drawdown (3Y)Largest decline over 3 years | -50.97% | -60.56% | +9.59% |
Max Drawdown (5Y)Largest decline over 5 years | -50.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | — | — |
Current DrawdownCurrent decline from peak | -50.61% | -56.23% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -23.12% | -21.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.60% | 17.61% | +6.99% |
Volatility
SLV vs. SLVM - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 14.50% compared to Sylvamo Corporation (SLVM) at 9.71%. 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 | 14.50% | 9.71% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 57.45% | 27.31% | +30.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.10% | 40.24% | +20.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.85% | 43.58% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 43.58% | -11.41% |
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 4.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLVM Sylvamo Corporation | 4.58% | 3.74% | 1.90% | 2.75% | 0.46% |
Frequently Asked Questions
SLV and SLVM have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.50%) compared to SLVM (9.71%). In terms of maximum drawdown, SLV dropped -76.28% vs SLVM's -60.56%.
SLV currently has the higher Sharpe Ratio (0.81 vs -0.49), 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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