SLVP vs. IVVD
SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while IVVD (Invivyd Inc.) is a stock. Over the past 3 years, SLVP returned 42.07%/yr vs -22.28%/yr for IVVD. At a 0.13 correlation, their price movements are largely independent.
Performance
SLVP vs. IVVD - Performance Comparison
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Returns By Period
In the year-to-date period, SLVP achieves a -15.40% return, which is significantly higher than IVVD's -72.26% return.
SLVP
- 1D
- -0.45%
- 1M
- -12.65%
- 6M
- -29.61%
- YTD
- -15.40%
- 1Y
- 66.44%
- 3Y*
- 42.07%
- 5Y*
- 16.36%
- 10Y*
- 8.77%
- ALL TIME*
- 2.33%
IVVD
- 1D
- -7.70%
- 1M
- -29.34%
- 6M
- -72.03%
- YTD
- -72.26%
- 1Y
- -8.32%
- 3Y*
- -22.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -49.89%
SLVP vs. IVVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | -15.40% | 202.84% | 14.47% | -2.31% | -18.06% | -10.34% |
IVVD Invivyd Inc. | -72.26% | 457.44% | -88.75% | 162.67% | -79.34% | -65.43% |
Correlation
The correlation between SLVP and IVVD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.13 |
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Return for Risk
SLVP vs. IVVD — Risk / Return Rank
SLVP
IVVD
SLVP vs. IVVD - 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 Invivyd Inc. (IVVD). 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 | IVVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.11 | +1.82 |
| Martin ratioReturn relative to average drawdown | 3.75 | -0.21 | +3.96 |
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Drawdowns
SLVP vs. IVVD - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, smaller than the maximum IVVD drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for SLVP and IVVD.
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Drawdown Indicators
| SLVP | IVVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -99.36% | +18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -38.97% | -76.20% | +37.23% |
Max Drawdown (3Y)Largest decline over 3 years | -38.97% | -92.90% | +53.93% |
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 | -38.97% | -98.78% | +59.81% |
Average DrawdownAverage peak-to-trough decline | -46.70% | -91.23% | +44.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.76% | 39.32% | -21.56% |
Volatility
SLVP vs. IVVD - Volatility Comparison
The current volatility for iShares MSCI Global Silver and Metals Miners ETF (SLVP) is 12.92%, while Invivyd Inc. (IVVD) has a volatility of 26.34%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than IVVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | IVVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.92% | 26.34% | -13.42% |
Volatility (6M)Calculated over the trailing 6-month period | 45.27% | 67.52% | -22.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.94% | 141.88% | -85.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.46% | 177.45% | -133.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.46% | 177.45% | -134.99% |
Dividends
SLVP vs. IVVD - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.44%, while IVVD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVVD Invivyd 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 | 2.44% | 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 IVVD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVD has higher volatility (26.34%) compared to SLVP (12.92%). In terms of maximum drawdown, SLVP dropped -80.47% vs IVVD's -99.36%.
SLVP currently has the higher Sharpe Ratio (1.20 vs -0.06), 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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