SLVP vs. AII.TO
SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while AII.TO (Almonty Industries Inc.) is a stock. Over the past 10 years, SLVP returned 9.87%/yr vs 46.62%/yr for AII.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
SLVP vs. AII.TO - Performance Comparison
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Different Trading Currencies
SLVP is traded in USD, while AII.TO is traded in CAD. To make them comparable, the AII.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLVP achieves a -9.65% return, which is significantly lower than AII.TO's 87.33% return. Over the past 10 years, SLVP has underperformed AII.TO with an annualized return of 9.87%, while AII.TO has yielded a comparatively higher 46.62% annualized return.
SLVP
- 1D
- -0.42%
- 1M
- -16.43%
- YTD
- -9.65%
- 6M
- -11.21%
- 1Y
- 76.85%
- 3Y*
- 49.15%
- 5Y*
- 16.22%
- 10Y*
- 9.87%
AII.TO
- 1D
- 2.26%
- 1M
- -16.76%
- YTD
- 87.33%
- 6M
- 86.46%
- 1Y
- 124.10%
- 3Y*
- 189.68%
- 5Y*
- 67.01%
- 10Y*
- 46.62%
SLVP vs. AII.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | -9.65% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
AII.TO Almonty Industries Inc. | 87.33% | 826.55% | 55.36% | -18.65% | -28.15% | 39.13% | 56.08% | -32.61% | 9.02% | 118.50% |
Correlation
The correlation between SLVP and AII.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.08 |
Over the past year, SLVP and AII.TO have become more correlated (0.42) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
SLVP vs. AII.TO — Risk / Return Rank
SLVP
AII.TO
SLVP vs. AII.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver and Metals Miners ETF (SLVP) and Almonty Industries Inc. (AII.TO). 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.
| SLVP | AII.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.26 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.88 | 4.65 | +0.23 |
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Drawdowns
SLVP vs. AII.TO - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, smaller than the maximum AII.TO drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for SLVP and AII.TO.
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Drawdown Indicators
| SLVP | AII.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -85.01% | +4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -55.32% | +17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -38.06% | -55.32% | +17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -48.01% | -62.74% | +14.73% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -69.80% | +7.77% |
Current DrawdownCurrent decline from peak | -34.83% | -29.47% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -46.74% | -40.58% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 26.78% | -10.98% |
Volatility
SLVP vs. AII.TO - Volatility Comparison
The current volatility for iShares MSCI Global Silver and Metals Miners ETF (SLVP) is 19.38%, while Almonty Industries Inc. (AII.TO) has a volatility of 31.27%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than AII.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | AII.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.38% | 31.27% | -11.89% |
Volatility (6M)Calculated over the trailing 6-month period | 45.84% | 67.66% | -21.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.46% | 99.43% | -43.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.37% | 75.37% | -32.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.51% | 75.68% | -33.17% |
Dividends
SLVP vs. AII.TO - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.28%, while AII.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AII.TO Almonty Industries Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.28% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
Frequently Asked Questions
SLVP and AII.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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