SLV vs. SMNEY

Last updated Jun 13, 2026

SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while SMNEY (Siemens Energy AG) is a stock. At a 0.20 correlation, their price movements are largely independent.

Performance

SLV vs. SMNEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Silver Trust (SLV) and Siemens Energy AG (SMNEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

SMNEY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SLV vs. SMNEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SLV iShares Silver Trust	-4.86%	144.66%	20.89%	-1.09%	2.37%	-12.45%	10.38%
SMNEY Siemens Energy AG	25.32%	167.97%	298.17%	-29.76%	-27.66%	-31.90%	21.11%

Correlation

The correlation between SLV and SMNEY is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020	0.20

The correlation between SLV and SMNEY shifts across timeframes, from 0.06 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SLV vs. SMNEY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLV

SLV Risk / Return Rank: 42
SLV Sharpe Ratio Rank: 47
SLV Sortino Ratio Rank: 38
SLV Omega Ratio Rank: 53
SLV Calmar Ratio Rank: 43
SLV Martin Ratio Rank: 32

SMNEY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLV vs. SMNEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Siemens Energy AG (SMNEY). 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	SMNEY	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	1.76	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.89	—	—
Martin ratio: Return relative to average drawdown	4.10	—	—

Drawdowns

Drawdown Indicators

	SLV	SMNEY	Difference
Max Drawdown Largest peak-to-trough decline	-76.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-45.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-45.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.40%	—	—
Current Drawdown Current decline from peak	-41.96%	—	—
Average Drawdown Average peak-to-trough decline	-44.66%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	20.88%	—	—

Volatility

Volatility by Period

	SLV	SMNEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.46%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.00%	—	—

Dividends

SLV vs. SMNEY - Dividend Comparison

Neither SLV nor SMNEY has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%
SMNEY Siemens Energy AG	0.00%	0.00%	0.00%	0.00%	0.61%

Frequently Asked Questions

Can I hold both SLV and SMNEY in my portfolio?

SLV and SMNEY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.