SLVP vs. SLV
Compare and contrast key facts about iShares MSCI Global Silver Miners ETF (SLVP) and iShares Silver Trust (SLV).
SLVP and SLV 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. SLV is a passively managed fund by iShares that tracks the performance of the Silver Bullion. It was launched on Apr 28, 2006. Both SLVP and SLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLVP or SLV.
Performance
SLVP vs. SLV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SLVP having a 29.91% return and SLV slightly lower at 28.74%. Over the past 10 years, SLVP has underperformed SLV with an annualized return of 5.35%, while SLV has yielded a comparatively higher 5.93% annualized return.
SLVP
29.91%
-15.24%
5.29%
42.25%
7.44%
5.35%
SLV
28.74%
-11.66%
1.78%
29.40%
12.05%
5.93%
Key characteristics
| SLVP | SLV | |
|---|---|---|
| Sharpe Ratio | 1.06 | 0.93 |
| Sortino Ratio | 1.66 | 1.47 |
| Omega Ratio | 1.19 | 1.18 |
| Calmar Ratio | 0.63 | 0.50 |
| Martin Ratio | 3.78 | 3.71 |
| Ulcer Index | 10.69% | 7.76% |
| Daily Std Dev | 38.28% | 30.94% |
| Max Drawdown | -80.47% | -76.28% |
| Current Drawdown | -40.08% | -40.67% |
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SLVP vs. SLV - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is lower than SLV's 0.50% expense ratio.
Correlation
The correlation between SLVP and SLV is 0.72, 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.
Risk-Adjusted Performance
SLVP vs. SLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver Miners ETF (SLVP) and iShares Silver Trust (SLV). 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.
Dividends
SLVP vs. SLV - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 0.67%, while SLV has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver Miners ETF | 0.67% | 0.87% | 0.64% | 1.62% | 2.39% | 2.02% | 1.27% | 0.85% | 2.32% | 0.71% | 2.03% | 1.72% |
SLV iShares 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% |
Drawdowns
SLVP vs. SLV - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SLVP and SLV. For additional features, visit the drawdowns tool.
Volatility
SLVP vs. SLV - Volatility Comparison
iShares MSCI Global Silver Miners ETF (SLVP) has a higher volatility of 9.56% compared to iShares Silver Trust (SLV) at 8.27%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.