SLVP vs. IBIT
SLVP (iShares MSCI Global Silver and Metals Miners ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SLVP returned 72.99% vs -44.50% for IBIT. Their 0.23 correlation means their historical movements had little consistent relationship. SLVP charges 0.39%/yr vs 0.25%/yr for IBIT.
Performance
SLVP vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SLVP achieves a -12.97% return, which is significantly higher than IBIT's -28.22% return.
SLVP
- 1D
- -3.63%
- 1M
- -7.59%
- 6M
- -22.73%
- YTD
- -12.97%
- 1Y
- 72.99%
- 3Y*
- 45.49%
- 5Y*
- 16.22%
- 10Y*
- 7.89%
- ALL TIME*
- 2.52%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30B | $1.34B | $1.68B | |
| $7.13M | $7.08M | $11.62M |
SLVP vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | -12.97% | 202.84% | 23.06% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between SLVP and IBIT is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
The correlation between SLVP and IBIT shifts across timeframes, from 0.23 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLVP vs. IBIT — Risk / Return Rank
SLVP
IBIT
SLVP vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.83 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.87 | +2.76 |
| Martin ratioReturn relative to average drawdown | 3.87 | -1.34 | +5.20 |
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Drawdowns
SLVP vs. IBIT - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for SLVP and IBIT.
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Drawdown Indicators
| SLVP | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -53.30% | -27.17% |
Max Drawdown (1Y)Largest decline over 1 year | -38.97% | -53.30% | +14.33% |
Max Drawdown (3Y)Largest decline over 3 years | -38.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | — | — |
Current DrawdownCurrent decline from peak | -37.22% | -50.01% | +12.79% |
Average DrawdownAverage peak-to-trough decline | -46.67% | -18.24% | -28.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.98% | 34.66% | -15.68% |
Volatility
SLVP vs. IBIT - Volatility Comparison
iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 14.39% compared to iShares Bitcoin Trust ETF (IBIT) at 9.21%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.39% | 9.21% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 45.21% | 33.74% | +11.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.38% | 44.46% | +11.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.62% | 49.60% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.50% | 49.60% | -7.10% |
SLVP vs. IBIT - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
SLVP vs. IBIT - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.37%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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 | 2.37% | 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 IBIT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVP has higher volatility (14.39%) compared to IBIT (9.21%). In terms of maximum drawdown, SLVP dropped -80.47% vs IBIT's -53.30%.
On 1-year performance, SLVP leads with 72.99% vs -44.50% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLVP has performed better with a 72.99% return vs -44.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.39% for SLVP.
SLVP has the higher dividend yield at 2.37%, compared with 0.00% for IBIT.
SLVP is categorized as Silver, while IBIT is Cryptocurrency. SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.39% for SLVP and 0.25% for IBIT.
SLVP currently has the higher Sharpe Ratio (1.30 vs -1.04), 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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