SLVP vs. UEC
SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while UEC (Uranium Energy Corp.) is a stock. Over the past 10 years, SLVP returned 12.67%/yr vs 27.01%/yr for UEC. At a 0.30 correlation, their price movements are largely independent.
Performance
SLVP vs. UEC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SLVP having a -5.37% return and UEC slightly lower at -5.57%. Over the past 10 years, SLVP has underperformed UEC with an annualized return of 12.67%, while UEC has yielded a comparatively higher 27.01% annualized return.
SLVP
- 1D
- 3.38%
- 1M
- -11.10%
- YTD
- -5.37%
- 6M
- -0.60%
- 1Y
- 81.81%
- 3Y*
- 48.97%
- 5Y*
- 14.15%
- 10Y*
- 12.67%
UEC
- 1D
- 3.76%
- 1M
- -19.19%
- YTD
- -5.57%
- 6M
- -14.63%
- 1Y
- 76.48%
- 3Y*
- 51.69%
- 5Y*
- 28.08%
- 10Y*
- 27.01%
SLVP vs. UEC - 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% |
UEC Uranium Energy Corp. | -5.57% | 74.59% | 4.53% | 64.95% | 15.82% | 90.34% | 91.47% | -26.46% | -29.38% | 58.04% |
Correlation
The correlation between SLVP and UEC is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.30 |
Over the past year, SLVP and UEC have become more correlated (0.52) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
SLVP vs. UEC — Risk / Return Rank
SLVP
UEC
SLVP vs. UEC - 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 Uranium Energy Corp. (UEC). 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 | UEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.46 | +0.75 |
| Martin ratioReturn relative to average drawdown | 5.86 | 3.58 | +2.28 |
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Drawdowns
SLVP vs. UEC - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, smaller than the maximum UEC drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for SLVP and UEC.
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Drawdown Indicators
| SLVP | UEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.47% | -97.40% | +16.93% |
Max Drawdown (1Y)Largest decline over 1 year | -38.06% | -53.23% | +15.17% |
Max Drawdown (3Y)Largest decline over 3 years | -38.06% | -53.49% | +15.43% |
Max Drawdown (5Y)Largest decline over 5 years | -52.84% | -63.76% | +10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -80.59% | +18.56% |
Current DrawdownCurrent decline from peak | -31.74% | -45.23% | +13.49% |
Average DrawdownAverage peak-to-trough decline | -46.78% | -62.08% | +15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 21.62% | -7.31% |
Volatility
SLVP vs. UEC - Volatility Comparison
The current volatility for iShares MSCI Global Silver and Metals Miners ETF (SLVP) is 19.61%, while Uranium Energy Corp. (UEC) has a volatility of 35.27%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than UEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVP | UEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.61% | 35.27% | -15.66% |
Volatility (6M)Calculated over the trailing 6-month period | 45.17% | 61.37% | -16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.53% | 79.21% | -24.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.15% | 74.87% | -31.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.45% | 73.94% | -31.49% |
Dividends
SLVP vs. UEC - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 1.88%, while UEC 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 | 1.88% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
UEC Uranium Energy Corp. | 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 UEC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UEC has higher volatility (35.27%) compared to SLVP (19.61%). In terms of maximum drawdown, SLVP dropped -80.47% vs UEC's -97.40%.
SLVP currently has the higher Sharpe Ratio (1.54 vs 0.98), 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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