SLVP vs. PSLV
SLVP (iShares MSCI Global Silver and Metals Miners ETF) and PSLV (Sprott Physical Silver Trust) are both Silver funds - SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index while PSLV tracks the No Index (Physical Silver). Both are passively managed. Over the past 10 years, SLVP returned 11.46%/yr vs 11.08%/yr for PSLV. A 0.73 correlation means they provide meaningful diversification when combined. SLVP charges 0.39%/yr vs 0.51%/yr for PSLV.
Performance
SLVP vs. PSLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLVP achieves a -9.48% return, which is significantly higher than PSLV's -17.80% return. Both investments have delivered pretty close results over the past 10 years, with SLVP having a 11.46% annualized return and PSLV not far behind at 11.08%.
SLVP
- 1D
- -5.62%
- 1M
- -11.26%
- YTD
- -9.48%
- 6M
- -13.08%
- 1Y
- 78.29%
- 3Y*
- 50.10%
- 5Y*
- 15.83%
- 10Y*
- 11.46%
PSLV
- 1D
- -5.68%
- 1M
- -19.80%
- YTD
- -17.80%
- 6M
- -18.11%
- 1Y
- 58.69%
- 3Y*
- 36.40%
- 5Y*
- 16.01%
- 10Y*
- 11.08%
SLVP vs. PSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | -9.48% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
PSLV Sprott Physical Silver Trust | -17.80% | 145.08% | 19.43% | -1.94% | 2.74% | -14.13% | 42.81% | 16.99% | -11.83% | 4.28% |
Correlation
The correlation between SLVP and PSLV is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.73 |
The correlation between SLVP and PSLV has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLVP vs. PSLV — Risk / Return Rank
SLVP
PSLV
SLVP vs. PSLV - 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 Sprott Physical Silver Trust (PSLV). 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 | PSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.27 | +0.80 |
| Martin ratioReturn relative to average drawdown | 5.23 | 2.87 | +2.37 |
Loading charts...
Drawdowns
SLVP vs. PSLV - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, roughly equal to the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for SLVP and PSLV.
Loading charts...
Drawdown Indicators
| SLVP | PSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -79.38% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -46.53% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -38.06% | -46.53% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -48.01% | -46.53% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -46.53% | -15.50% |
Current DrawdownCurrent decline from peak | -34.70% | -46.53% | +11.83% |
Average DrawdownAverage peak-to-trough decline | -46.75% | -58.08% | +11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.00% | 20.53% | -5.53% |
Volatility
SLVP vs. PSLV - Volatility Comparison
iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 19.48% compared to Sprott Physical Silver Trust (PSLV) at 14.94%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLVP | PSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.48% | 14.94% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 45.96% | 58.49% | -12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.40% | 60.09% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.31% | 36.15% | +7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.55% | 31.42% | +11.13% |
SLVP vs. PSLV - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is lower than PSLV's 0.51% expense ratio.
Dividends
SLVP vs. PSLV - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.28%, while PSLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | 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 PSLV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVP has higher volatility (19.48%) compared to PSLV (14.94%). In terms of maximum drawdown, SLVP dropped -80.47% vs PSLV's -79.38%.
On 10-year performance, SLVP leads with 11.46% vs 11.08% for PSLV. On fees, SLVP is cheaper at 0.39% per year. On volatility, PSLV has been the lower-risk option at 14.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLVP has performed better with a 11.46% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLVP is cheaper with a 0.39% expense ratio, compared with 0.51% for PSLV.
SLVP has the higher dividend yield at 2.28%, compared with 0.00% for PSLV.
SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while PSLV tracks No Index (Physical Silver). They also come from different issuers: iShares and Sprott. Their fees differ too: 0.39% for SLVP and 0.51% for PSLV.
SLVP currently has the higher Sharpe Ratio (1.42 vs 0.98), 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.
Find the right allocation for SLVP and PSLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer