SLV vs. SMCI
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while SMCI (Super Micro Computer, Inc.) is a stock. Over the past 10 years, SLV returned 13.99%/yr vs 27.77%/yr for SMCI. At a 0.12 correlation, their price movements are largely independent.
Performance
SLV vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -4.86% return, which is significantly lower than SMCI's 4.07% return. Over the past 10 years, SLV has underperformed SMCI with an annualized return of 13.99%, while SMCI has yielded a comparatively higher 27.77% annualized return.
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
SMCI
- 1D
- -4.72%
- 1M
- -4.81%
- YTD
- 4.07%
- 6M
- -5.78%
- 1Y
- -29.75%
- 3Y*
- 7.64%
- 5Y*
- 52.73%
- 10Y*
- 27.77%
SLV vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
SMCI Super Micro Computer, Inc. | 4.07% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
Correlation
The correlation between SLV and SMCI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2007 | 0.12 |
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Return for Risk
SLV vs. SMCI — Risk / Return Rank
SLV
SMCI
SLV vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Super Micro Computer, Inc. (SMCI). 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 | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.01 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.45 | +2.34 |
| Martin ratioReturn relative to average drawdown | 4.10 | -0.76 | +4.86 |
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Drawdowns
SLV vs. SMCI - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for SLV and SMCI.
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Drawdown Indicators
| SLV | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -84.84% | +8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -66.18% | +20.78% |
Max Drawdown (3Y)Largest decline over 3 years | -45.40% | -84.84% | +39.44% |
Max Drawdown (5Y)Largest decline over 5 years | -45.40% | -84.84% | +39.44% |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | -84.84% | +39.44% |
Current DrawdownCurrent decline from peak | -41.96% | -74.36% | +32.40% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -31.98% | -12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.88% | 39.34% | -18.46% |
Volatility
SLV vs. SMCI - Volatility Comparison
The current volatility for iShares Silver Trust (SLV) is 16.34%, while Super Micro Computer, Inc. (SMCI) has a volatility of 44.32%. This indicates that SLV experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.34% | 44.32% | -27.98% |
Volatility (6M)Calculated over the trailing 6-month period | 59.10% | 76.32% | -17.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.82% | 85.20% | -25.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.46% | 86.53% | -50.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.00% | 71.19% | -39.19% |
Dividends
SLV vs. SMCI - Dividend Comparison
Neither SLV nor SMCI has paid dividends to shareholders.
Frequently Asked Questions
SLV and SMCI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (44.32%) compared to SLV (16.34%). In terms of maximum drawdown, SLV dropped -76.28% vs SMCI's -84.84%.
SLV currently has the higher Sharpe Ratio (1.44 vs -0.35), 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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