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 39.38%/yr vs 1.31%/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 -13.49% return, which is significantly higher than SLVM's -18.47% return.
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
SLVM
- 1D
- -0.77%
- 1M
- 0.97%
- YTD
- -18.47%
- 6M
- -19.67%
- 1Y
- -21.21%
- 3Y*
- 1.31%
- 5Y*
- —
- 10Y*
- —
SLV vs. SLVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -13.49% | 144.66% | 20.89% | -1.09% | 2.37% | 4.82% |
SLVM Sylvamo Corporation | -18.47% | -37.06% | 64.70% | 4.21% | 75.25% | -11.60% |
Correlation
The correlation between SLV and SLVM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
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 | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.93 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.63 | +2.10 |
| Martin ratioReturn relative to average drawdown | 3.16 | -1.21 | +4.38 |
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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 | -47.23% | -33.87% | -13.36% |
Max Drawdown (3Y)Largest decline over 3 years | -47.23% | -60.56% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -47.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.23% | — | — |
Current DrawdownCurrent decline from peak | -47.23% | -57.63% | +10.40% |
Average DrawdownAverage peak-to-trough decline | -44.65% | -22.75% | -21.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.91% | 17.52% | +4.39% |
Volatility
SLV vs. SLVM - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 14.34% compared to Sylvamo Corporation (SLVM) at 7.73%. 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 | 14.34% | 7.73% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 59.27% | 26.60% | +32.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.33% | 40.37% | +19.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.59% | 43.69% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.09% | 43.69% | -11.60% |
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 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLVM Sylvamo Corporation | 4.68% | 3.74% | 1.90% | 2.75% | 0.46% |
Frequently Asked Questions
SLV and SLVM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to SLVM (7.73%). In terms of maximum drawdown, SLV dropped -76.28% vs SLVM's -60.56%.
SLV currently has the higher Sharpe Ratio (1.15 vs -0.53), 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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