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SLVP vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLVP vs. IYW

Last updated Jun 3, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, SLVP returned 14.27%/yr vs 26.22%/yr for IYW. At a 0.20 correlation, their price movements are largely independent. SLVP charges 0.39%/yr vs 0.38%/yr for IYW.

Performance

SLVP vs. IYW - 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 iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SLVP achieves a 7.79% return, which is significantly lower than IYW's 30.23% return. Over the past 10 years, SLVP has underperformed IYW with an annualized return of 14.27%, while IYW has yielded a comparatively higher 26.22% 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%

IYW

1D
0.76%
1M
17.61%
YTD
30.23%
6M
29.45%
1Y
63.02%
3Y*
35.66%
5Y*
23.59%
10Y*
26.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLVP vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IYW
iShares U.S. Technology ETF		30.23%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%

Correlation

The correlation between SLVP and IYW is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.20

The correlation between SLVP and IYW shifts across timeframes, from 0.20 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

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iShares MSCI Global Silver and Metals Miners ETF

iShares U.S. Technology ETF

Often compared with SLVP:
SLVP vs. SLVSLVP vs. SILSLVP vs. SSLN.LSLVP vs. PSLVSLVP vs. SIVRSLVP vs. RINGSLVP vs. SLVR.DE
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX

Return for Risk

SLVP vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLVP
SLVP Risk / Return Rank: 6565
Overall Rank
SLVP Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SLVP Sortino Ratio Rank: 5353
Sortino Ratio Rank
SLVP Omega Ratio Rank: 5858
Omega Ratio Rank
SLVP Calmar Ratio Rank: 8080
Calmar Ratio Rank
SLVP Martin Ratio Rank: 6060
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 7979
Overall Rank
IYW Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 8585
Sortino Ratio Rank
IYW Omega Ratio Rank: 8383
Omega Ratio Rank
IYW Calmar Ratio Rank: 7272
Calmar Ratio Rank
IYW Martin Ratio Rank: 6565
Martin Ratio Rank
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. IYW - 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 U.S. Technology ETF (IYW). 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.

SLVPIYWDifference

Sharpe ratio

Return per unit of total volatility

2.41

3.16

-0.75

Sortino ratio

Return per unit of downside risk

2.60

3.87

-1.27

Omega ratio

Gain probability vs. loss probability

1.36

1.51

-0.16

Calmar ratio

Return relative to maximum drawdown

4.19

3.62

+0.56

Martin ratio

Return relative to average drawdown

10.75

11.88

-1.13

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. IYW - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 2.41, which is comparable to the IYW Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of SLVP and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SLVPIYWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

3.16

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

0.92

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

1.05

-0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.36

-0.26

Drawdowns

SLVP vs. IYW - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, roughly equal to the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for SLVP and IYW.

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Drawdown Indicators

SLVPIYWDifference

Max Drawdown

Largest peak-to-trough decline

-80.47%

-81.90%

+1.43%

Max Drawdown (1Y)

Largest decline over 1 year

-33.57%

-17.81%

-15.76%

Max Drawdown (3Y)

Largest decline over 3 years

-33.57%

-26.47%

-7.10%

Max Drawdown (5Y)

Largest decline over 5 years

-54.78%

-39.44%

-15.34%

Max Drawdown (10Y)

Largest decline over 10 years

-62.03%

-39.44%

-22.59%

Current Drawdown

Current decline from peak

-22.25%

0.00%

-22.25%

Average Drawdown

Average peak-to-trough decline

-46.82%

-34.66%

-12.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.08%

5.43%

+7.65%

Volatility

SLVP vs. IYW - Volatility Comparison

iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 16.92% compared to iShares U.S. Technology ETF (IYW) at 6.11%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLVPIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.92%

6.11%

+10.81%

Volatility (6M)

Calculated over the trailing 6-month period

42.90%

15.81%

+27.09%

Volatility (1Y)

Calculated over the trailing 1-year period

53.09%

20.07%

+33.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.73%

25.87%

+16.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.22%

25.10%

+17.12%

SLVP vs. IYW - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is higher than IYW's 0.38% expense ratio.

Dividends

SLVP vs. IYW - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.65%, more than IYW's 0.10% yield.

PositionTTM20252024202320222021202020192018201720162015
IYW
iShares U.S. Technology ETF		0.10%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%
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

SLVP and IYW have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLVP has higher volatility (16.92%) compared to IYW (6.11%). In terms of maximum drawdown, SLVP dropped -80.47% vs IYW's -81.90%.

On 10-year performance, IYW leads with 26.22% vs 14.27% for SLVP. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYW has performed better with a 26.22% return vs 14.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYW is cheaper with a 0.38% expense ratio, compared with 0.39% for SLVP.

SLVP has the higher dividend yield at 1.65%, compared with 0.10% for IYW.

SLVP is categorized as Silver, while IYW is Technology Equities. SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.39% for SLVP and 0.38% for IYW.

IYW currently has the higher Sharpe Ratio (3.16 vs 2.41), 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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