SLV vs. SPY
Compare and contrast key facts about iShares Silver Trust (SLV) and SPDR S&P 500 ETF (SPY).
SLV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLV is a passively managed fund by iShares that tracks the performance of the Silver Bullion. It was launched on Apr 28, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SLV and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLV or SPY.
Performance
SLV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, SLV achieves a 28.74% return, which is significantly higher than SPY's 26.08% return. Over the past 10 years, SLV has underperformed SPY with an annualized return of 5.93%, while SPY has yielded a comparatively higher 13.10% annualized return.
SLV
28.74%
-11.66%
1.78%
29.40%
12.05%
5.93%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| SLV | SPY | |
|---|---|---|
| Sharpe Ratio | 0.93 | 2.70 |
| Sortino Ratio | 1.47 | 3.60 |
| Omega Ratio | 1.18 | 1.50 |
| Calmar Ratio | 0.50 | 3.90 |
| Martin Ratio | 3.71 | 17.52 |
| Ulcer Index | 7.76% | 1.87% |
| Daily Std Dev | 30.94% | 12.14% |
| Max Drawdown | -76.28% | -55.19% |
| Current Drawdown | -40.67% | -0.85% |
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SLV vs. SPY - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between SLV and SPY is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SLV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SLV vs. SPY - Dividend Comparison
SLV has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SLV vs. SPY - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SLV and SPY. For additional features, visit the drawdowns tool.
Volatility
SLV vs. SPY - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 8.27% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.