SLVP vs. SIVR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Global Silver Miners ETF (SLVP) and Aberdeen Standard Physical Silver Shares ETF (SIVR).

SLVP and SIVR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLVP is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Silver Miners Investable Market Index. It was launched on Jan 31, 2012. SIVR is a passively managed fund by Aberdeen that tracks the performance of the LBMA Silver Price ($/ozt). It was launched on Jul 24, 2009. Both SLVP and SIVR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SLVP vs. SIVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Silver Miners ETF (SLVP) and Aberdeen Standard Physical Silver Shares ETF (SIVR). The values are adjusted to include any dividend payments, if applicable.

SLVP vs. SIVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver Miners ETF	3.47%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
SIVR Aberdeen Standard Physical Silver Shares ETF	5.87%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	-8.96%	5.97%

Returns By Period

In the year-to-date period, SLVP achieves a 3.47% return, which is significantly lower than SIVR's 5.87% return. Both investments have delivered pretty close results over the past 10 years, with SLVP having a 17.38% annualized return and SIVR not far behind at 17.11%.

SLVP

• 1D: 7.52%
• 1M: -25.36%
• YTD: 3.47%
• 6M: 31.80%
• 1Y: 141.24%
• 3Y*: 47.57%
• 5Y*: 19.59%
• 10Y*: 17.38%

SIVR

• 1D: 7.36%
• 1M: -19.77%
• YTD: 5.87%
• 6M: 60.99%
• 1Y: 120.27%
• 3Y*: 45.79%
• 5Y*: 24.36%
• 10Y*: 17.11%

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

SLVP vs. SIVR - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is higher than SIVR's 0.30% expense ratio.

SLVP

iShares MSCI Global Silver Miners ETF

SIVR

Aberdeen Standard Physical Silver Shares ETF

Return for Risk

SLVP vs. SIVR — Risk / Return Rank

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

SLVP

SLVP Risk / Return Rank: 94
SLVP Sharpe Ratio Rank: 97
SLVP Sortino Ratio Rank: 93
SLVP Omega Ratio Rank: 92
SLVP Calmar Ratio Rank: 96
SLVP Martin Ratio Rank: 94

SIVR

SIVR Risk / Return Rank: 89
SIVR Sharpe Ratio Rank: 93
SIVR Sortino Ratio Rank: 86
SIVR Omega Ratio Rank: 92
SIVR Calmar Ratio Rank: 90
SIVR Martin Ratio Rank: 83

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. SIVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver Miners ETF (SLVP) and Aberdeen Standard Physical Silver Shares ETF (SIVR). 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.

	SLVP	SIVR	Difference
Sharpe ratio Return per unit of total volatility	2.64	2.12	+0.51
Sortino ratio Return per unit of downside risk	2.75	2.21	+0.54
Omega ratio Gain probability vs. loss probability	1.39	1.39	-0.01
Calmar ratio Return relative to maximum drawdown	4.21	2.84	+1.37
Martin ratio Return relative to average drawdown	14.23	8.85	+5.38
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. SIVR - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 2.64, which is comparable to the SIVR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SLVP and SIVR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLVP	SIVR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.12	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.69	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.55	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.33	-0.24

Correlation

The correlation between SLVP and SIVR is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SLVP vs. SIVR - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.72%, while SIVR has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLVP iShares MSCI Global Silver Miners ETF	1.72%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%
SIVR Aberdeen Standard Physical Silver Shares 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%

Drawdowns

SLVP vs. SIVR - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, which is greater than SIVR's maximum drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for SLVP and SIVR.

Drawdown Indicators

	SLVP	SIVR	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-75.85%	-4.62%
Max Drawdown (1Y) Largest decline over 1 year	-33.57%	-42.42%	+8.85%
Max Drawdown (5Y) Largest decline over 5 years	-55.36%	-42.42%	-12.94%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-42.42%	-19.61%
Current Drawdown Current decline from peak	-25.36%	-35.41%	+10.05%
Average Drawdown Average peak-to-trough decline	-47.13%	-48.00%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.93%	13.61%	-3.68%

Volatility

SLVP vs. SIVR - Volatility Comparison

iShares MSCI Global Silver Miners ETF (SLVP) and Aberdeen Standard Physical Silver Shares ETF (SIVR) have volatilities of 19.67% and 18.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	SIVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.67%	18.93%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	44.96%	57.26%	-12.30%
Volatility (1Y) Calculated over the trailing 1-year period	53.91%	57.02%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.41%	35.31%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.44%	31.39%	+11.05%