SLVP vs. EXK

Last updated Jun 3, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while EXK (Endeavour Silver Corp.) is a stock. Over the past 10 years, SLVP returned 14.27%/yr vs 11.03%/yr for EXK. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

SLVP vs. EXK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Silver and Metals Miners ETF (SLVP) and Endeavour Silver Corp. (EXK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLVP achieves a 7.79% return, which is significantly higher than EXK's 4.79% return. Over the past 10 years, SLVP has outperformed EXK with an annualized return of 14.27%, while EXK has yielded a comparatively lower 11.03% annualized return.

SLVP

• 1D: 1.74%
• 1M: 4.23%
• YTD: 7.79%
• 6M: 18.02%
• 1Y: 126.39%
• 3Y*: 54.77%
• 5Y*: 17.51%
• 10Y*: 14.27%

EXK

• 1D: 0.82%
• 1M: 7.07%
• YTD: 4.79%
• 6M: 6.60%
• 1Y: 148.11%
• 3Y*: 45.16%
• 5Y*: 7.01%
• 10Y*: 11.03%

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

SLVP vs. EXK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver and Metals Miners ETF	7.79%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
EXK Endeavour Silver Corp.	4.79%	156.83%	85.79%	-39.20%	-23.22%	-16.27%	109.13%	12.09%	-10.04%	-32.10%

Correlation

The correlation between SLVP and EXK is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012	0.81

The correlation between SLVP and EXK has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

SLVP vs. EXK — Risk / Return Rank

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

SLVP

SLVP Risk / Return Rank: 65
SLVP Sharpe Ratio Rank: 73
SLVP Sortino Ratio Rank: 53
SLVP Omega Ratio Rank: 58
SLVP Calmar Ratio Rank: 80
SLVP Martin Ratio Rank: 60

EXK

EXK Risk / Return Rank: 84
EXK Sharpe Ratio Rank: 87
EXK Sortino Ratio Rank: 81
EXK Omega Ratio Rank: 80
EXK Calmar Ratio Rank: 88
EXK Martin Ratio Rank: 86

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.

SLVP vs. EXK - 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 Endeavour Silver Corp. (EXK). 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.

	SLVP	EXK	Difference
Sharpe ratio Return per unit of total volatility	2.41	1.98	+0.42
Sortino ratio Return per unit of downside risk	2.60	2.44	+0.16
Omega ratio Gain probability vs. loss probability	1.36	1.31	+0.05
Calmar ratio Return relative to maximum drawdown	4.19	4.15	+0.04
Martin ratio Return relative to average drawdown	10.75	9.33	+1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLVP vs. EXK - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 2.41, which is comparable to the EXK Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SLVP and EXK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SLVP	EXK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.98	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.10	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.16	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.06	+0.04

Drawdowns

SLVP vs. EXK - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, smaller than the maximum EXK drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for SLVP and EXK.

Drawdown Indicators

	SLVP	EXK	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-92.11%	+11.64%
Max Drawdown (1Y) Largest decline over 1 year	-33.57%	-41.64%	+8.07%
Max Drawdown (3Y) Largest decline over 3 years	-33.57%	-62.24%	+28.67%
Max Drawdown (5Y) Largest decline over 5 years	-54.78%	-80.64%	+25.86%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-81.13%	+19.10%
Current Drawdown Current decline from peak	-22.25%	-30.24%	+7.99%
Average Drawdown Average peak-to-trough decline	-46.82%	-58.21%	+11.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.08%	18.53%	-5.45%

Volatility

SLVP vs. EXK - Volatility Comparison

The current volatility for iShares MSCI Global Silver and Metals Miners ETF (SLVP) is 16.92%, while Endeavour Silver Corp. (EXK) has a volatility of 23.82%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than EXK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	EXK	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.92%	23.82%	-6.90%
Volatility (6M) Calculated over the trailing 6-month period	42.90%	55.73%	-12.83%
Volatility (1Y) Calculated over the trailing 1-year period	53.09%	75.69%	-22.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.73%	68.18%	-25.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.22%	69.09%	-26.87%

Dividends

SLVP vs. EXK - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.65%, while EXK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXK Endeavour Silver Corp.	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	1.65%	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

Can I hold both SLVP and EXK in my portfolio?

SLVP and EXK have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLVP or EXK?

EXK has higher volatility (23.82%) compared to SLVP (16.92%). In terms of maximum drawdown, SLVP dropped -80.47% vs EXK's -92.11%.

Which has better risk-adjusted returns?

SLVP currently has the higher Sharpe Ratio (2.41 vs 1.98), 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.