SLVP vs. SIVR
SLVP (iShares MSCI Global Silver and Metals Miners ETF) and SIVR (abrdn Physical Silver Shares ETF) are both Silver funds - SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index while SIVR tracks the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, SLVP returned 11.46%/yr vs 12.91%/yr for SIVR. A 0.73 correlation means they provide meaningful diversification when combined. SLVP charges 0.39%/yr vs 0.30%/yr for SIVR.
Performance
SLVP vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, SLVP achieves a -9.48% return, which is significantly higher than SIVR's -13.39% return. Over the past 10 years, SLVP has underperformed SIVR with an annualized return of 11.46%, while SIVR has yielded a comparatively higher 12.91% annualized return.
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%
SIVR
- 1D
- -5.41%
- 1M
- -18.43%
- YTD
- -13.39%
- 6M
- -13.95%
- 1Y
- 69.45%
- 3Y*
- 39.67%
- 5Y*
- 18.54%
- 10Y*
- 12.91%
SLVP vs. SIVR - 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% |
SIVR abrdn Physical Silver Shares ETF | -13.39% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between SLVP and SIVR 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.73 |
The correlation between SLVP and SIVR has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
SLVP vs. SIVR — Risk / Return Rank
SLVP
SIVR
SLVP vs. SIVR - 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 abrdn 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.
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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.48 | +0.59 |
| Martin ratioReturn relative to average drawdown | 5.23 | 3.18 | +2.05 |
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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.
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Drawdown Indicators
| SLVP | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -75.85% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -47.16% | +9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -38.06% | -47.16% | +9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -48.01% | -47.16% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -47.16% | -14.87% |
Current DrawdownCurrent decline from peak | -34.70% | -47.16% | +12.46% |
Average DrawdownAverage peak-to-trough decline | -46.75% | -47.83% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.00% | 21.88% | -6.88% |
Volatility
SLVP vs. SIVR - Volatility Comparison
iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 19.48% compared to abrdn Physical Silver Shares ETF (SIVR) at 14.32%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.48% | 14.32% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 45.96% | 59.26% | -13.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.40% | 60.27% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.31% | 36.61% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.55% | 32.12% | +10.43% |
SLVP vs. SIVR - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
SLVP vs. SIVR - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.28%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn 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% |
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 SIVR 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 SIVR (14.32%). In terms of maximum drawdown, SLVP dropped -80.47% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 12.91% vs 11.46% for SLVP. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 14.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 12.91% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.39% for SLVP.
SLVP has the higher dividend yield at 2.28%, compared with 0.00% for SIVR.
SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: iShares and abrdn. Their fees differ too: 0.39% for SLVP and 0.30% for SIVR.
SLVP currently has the higher Sharpe Ratio (1.42 vs 1.16), 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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