SLVP vs. QURE

Last updated Jun 13, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while QURE (uniQure N.V.) is a stock. Over the past 10 years, SLVP returned 12.67%/yr vs 11.46%/yr for QURE. At a 0.15 correlation, their price movements are largely independent.

Performance

SLVP vs. QURE - 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 uniQure N.V. (QURE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLVP achieves a -5.37% return, which is significantly lower than QURE's 15.21% return. Over the past 10 years, SLVP has outperformed QURE with an annualized return of 12.67%, while QURE has yielded a comparatively lower 11.46% annualized return.

SLVP

• 1D: 3.38%
• 1M: -21.72%
• YTD: -5.37%
• 6M: -0.60%
• 1Y: 83.53%
• 3Y*: 48.97%
• 5Y*: 14.15%
• 10Y*: 12.67%

QURE

• 1D: 2.80%
• 1M: -5.49%
• YTD: 15.21%
• 6M: 41.31%
• 1Y: 72.42%
• 3Y*: 10.96%
• 5Y*: -5.23%
• 10Y*: 11.46%

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

SLVP vs. QURE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver and Metals Miners ETF	-5.37%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
QURE uniQure N.V.	15.21%	35.50%	160.86%	-70.14%	9.31%	-42.60%	-49.58%	148.65%	47.12%	249.82%

Correlation

The correlation between SLVP and QURE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014	0.15

Return for Risk

SLVP vs. QURE — Risk / Return Rank

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

SLVP

SLVP Risk / Return Rank: 46
SLVP Sharpe Ratio Rank: 51
SLVP Sortino Ratio Rank: 43
SLVP Omega Ratio Rank: 46
SLVP Calmar Ratio Rank: 50
SLVP Martin Ratio Rank: 41

QURE

QURE Risk / Return Rank: 70
QURE Sharpe Ratio Rank: 53
QURE Sortino Ratio Rank: 89
QURE Omega Ratio Rank: 92
QURE Calmar Ratio Rank: 61
QURE Martin Ratio Rank: 57

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. QURE - 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 uniQure N.V. (QURE). 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	QURE	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.27	+1.27
Sortino ratio: Return per unit of downside risk	1.95	2.98	-1.04
Omega ratio: Gain probability vs. loss probability	1.26	1.45	-0.19
Calmar ratio: Return relative to maximum drawdown	2.21	0.83	+1.37
Martin ratio: Return relative to average drawdown	5.86	1.35	+4.50

SLVP vs. QURE - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 1.54, which is higher than the QURE Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of SLVP and QURE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLVP vs. QURE - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, smaller than the maximum QURE drawdown of -95.40%. Use the drawdown chart below to compare losses from any high point for SLVP and QURE.

Drawdown Indicators

	SLVP	QURE	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-95.40%	+14.93%
Max Drawdown (1Y) Largest decline over 1 year	-38.06%	-87.21%	+49.15%
Max Drawdown (3Y) Largest decline over 3 years	-38.06%	-87.21%	+49.15%
Max Drawdown (5Y) Largest decline over 5 years	-54.26%	-90.11%	+35.85%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-95.40%	+33.37%
Current Drawdown Current decline from peak	-31.74%	-66.46%	+34.72%
Average Drawdown Average peak-to-trough decline	-46.78%	-56.61%	+9.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.31%	53.75%	-39.44%

Volatility

SLVP vs. QURE - Volatility Comparison

The current volatility for iShares MSCI Global Silver and Metals Miners ETF (SLVP) is 19.61%, while uniQure N.V. (QURE) has a volatility of 24.13%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than QURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	QURE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	24.13%	-4.52%
Volatility (6M) Calculated over the trailing 6-month period	45.17%	92.07%	-46.90%
Volatility (1Y) Calculated over the trailing 1-year period	54.53%	273.03%	-218.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.15%	154.02%	-110.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.45%	119.76%	-77.31%

Dividends

SLVP vs. QURE - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.88%, while QURE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QURE uniQure N.V.	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	1.88%	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 QURE in my portfolio?

SLVP and QURE have a correlation of 0.10, 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 QURE?

QURE has higher volatility (24.13%) compared to SLVP (19.61%). In terms of maximum drawdown, SLVP dropped -80.47% vs QURE's -95.40%.

Which has better risk-adjusted returns?

SLVP currently has the higher Sharpe Ratio (1.54 vs 0.27), 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.