SLVP vs. SVR-C.TO
SLVP (iShares MSCI Global Silver and Metals Miners ETF) and SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) are both Silver funds from iShares - SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index while SVR-C.TO tracks the LBMA Silver Price. Both are passively managed. Over the past 10 years, SLVP returned 9.87%/yr vs 11.49%/yr for SVR-C.TO. At a 0.47 correlation, their price movements are largely independent. SLVP charges 0.39%/yr vs 0.66%/yr for SVR-C.TO.
Performance
SLVP vs. SVR-C.TO - Performance Comparison
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Different Trading Currencies
SLVP is traded in USD, while SVR-C.TO is traded in CAD. To make them comparable, the SVR-C.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLVP achieves a -9.65% return, which is significantly higher than SVR-C.TO's -17.45% return. Over the past 10 years, SLVP has underperformed SVR-C.TO with an annualized return of 9.87%, while SVR-C.TO has yielded a comparatively higher 11.49% annualized return.
SLVP
- 1D
- -0.42%
- 1M
- -16.43%
- YTD
- -9.65%
- 6M
- -11.21%
- 1Y
- 76.85%
- 3Y*
- 49.15%
- 5Y*
- 16.22%
- 10Y*
- 9.87%
SVR-C.TO
- 1D
- 1.73%
- 1M
- -21.81%
- YTD
- -17.45%
- 6M
- -22.77%
- 1Y
- 63.83%
- 3Y*
- 36.65%
- 5Y*
- 17.03%
- 10Y*
- 11.49%
SLVP vs. SVR-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | -9.65% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -17.45% | 144.05% | 20.41% | -0.28% | 3.15% | -12.98% | 47.38% | 13.97% | -9.93% | 4.80% |
Correlation
The correlation between SLVP and SVR-C.TO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.47 |
Over the past year, SLVP and SVR-C.TO have become more correlated (0.75) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
SLVP vs. SVR-C.TO — Risk / Return Rank
SLVP
SVR-C.TO
SLVP vs. SVR-C.TO - 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 iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). 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 | SVR-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.26 | +0.77 |
| Martin ratioReturn relative to average drawdown | 4.88 | 2.76 | +2.12 |
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Drawdowns
SLVP vs. SVR-C.TO - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, which is greater than SVR-C.TO's maximum drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for SLVP and SVR-C.TO.
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Drawdown Indicators
| SLVP | SVR-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -67.24% | -13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -51.08% | +13.02% |
Max Drawdown (3Y)Largest decline over 3 years | -38.06% | -51.08% | +13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -48.01% | -51.08% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -51.08% | -10.95% |
Current DrawdownCurrent decline from peak | -34.83% | -49.32% | +14.49% |
Average DrawdownAverage peak-to-trough decline | -46.74% | -40.00% | -6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 23.18% | -7.38% |
Volatility
SLVP vs. SVR-C.TO - Volatility Comparison
iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 19.38% compared to iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) at 15.47%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than SVR-C.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | SVR-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.38% | 15.47% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 45.84% | 56.85% | -11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.46% | 59.24% | -3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.37% | 36.71% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.51% | 32.53% | +9.98% |
SLVP vs. SVR-C.TO - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is lower than SVR-C.TO's 0.66% expense ratio.
Dividends
SLVP vs. SVR-C.TO - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 2.28%, while SVR-C.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLVP and SVR-C.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVP is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVP is cheaper with a 0.39% expense ratio, compared with 0.66% for SVR-C.TO.
SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while SVR-C.TO tracks LBMA Silver Price. Their fees differ too: 0.39% for SLVP and 0.66% for SVR-C.TO.
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