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SLVP vs. XLC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLVP vs. XLC

Last updated Jun 16, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) and XLC (Communication Services Select Sector SPDR Fund) are both exchange-traded funds - SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while XLC is a Communications Equities fund tracking the S&P Communication Services Select Sector Index. Both are passively managed. Over the past 5 years, SLVP returned 16.28%/yr vs 8.31%/yr for XLC. At a 0.22 correlation, their price movements are largely independent. SLVP charges 0.39%/yr vs 0.13%/yr for XLC.

Performance

SLVP vs. XLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Silver and Metals Miners ETF (SLVP) and Communication Services Select Sector SPDR Fund (XLC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SLVP achieves a 0.95% return, which is significantly higher than XLC's -4.39% return.

SLVP

1D
6.68%
1M
-5.16%
YTD
0.95%
6M
5.72%
1Y
93.96%
3Y*
52.67%
5Y*
16.28%
10Y*
13.10%

XLC

1D
0.48%
1M
-3.35%
YTD
-4.39%
6M
-3.14%
1Y
10.72%
3Y*
21.42%
5Y*
8.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLVP vs. XLC - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SLVP
iShares MSCI Global Silver and Metals Miners ETF		0.95%202.84%14.47%-2.31%-18.06%-23.53%56.45%37.71%-18.64%
XLC
Communication Services Select Sector SPDR Fund		-4.39%23.08%34.71%52.82%-37.63%15.96%26.90%31.05%-16.45%

Correlation

The correlation between SLVP and XLC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2018

0.22

SLVP vs. XLC - Sectors Allocation Comparison

Sectors
SLVP
XLC

Basic Materials

99.6%

-

Financial Services

0.0%

-

Communication Services

-

95.1%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

4.7%

Utilities

-

-

Basic Materials

SLVP
99.6%
XLC

-

Financial Services

SLVP
0.0%
XLC

-

Communication Services

SLVP

-

XLC
95.1%

Consumer Cyclical

SLVP

-

XLC

-

Consumer Defensive

SLVP

-

XLC

-

Energy

SLVP

-

XLC

-

Healthcare

SLVP

-

XLC

-

Industrials

SLVP

-

XLC

-

Real Estate

SLVP

-

XLC

-

Technology

SLVP

-

XLC
4.7%

Utilities

SLVP

-

XLC

-

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iShares MSCI Global Silver and Metals Miners ETF

Communication Services Select Sector SPDR Fund

Often compared with SLVP:
SLVP vs. SLVSLVP vs. SILSLVP vs. SSLN.LSLVP vs. PSLVSLVP vs. SIVRSLVP vs. RINGSLVP vs. SLVR.DE
Often compared with XLC:
XLC vs. VOXXLC vs. SPYXLC vs. FCOMXLC vs. XLFXLC vs. XTLXLC vs. IXPXLC vs. VOO

Return for Risk

SLVP vs. XLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLVP
SLVP Risk / Return Rank: 5050
Overall Rank
SLVP Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SLVP Sortino Ratio Rank: 4646
Sortino Ratio Rank
SLVP Omega Ratio Rank: 4949
Omega Ratio Rank
SLVP Calmar Ratio Rank: 5555
Calmar Ratio Rank
SLVP Martin Ratio Rank: 4444
Martin Ratio Rank
XLC
XLC Risk / Return Rank: 2424
Overall Rank
XLC Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
XLC Sortino Ratio Rank: 2525
Sortino Ratio Rank
XLC Omega Ratio Rank: 2323
Omega Ratio Rank
XLC Calmar Ratio Rank: 2424
Calmar Ratio Rank
XLC Martin Ratio Rank: 2626
Martin Ratio Rank
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. XLC - 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 Communication Services Select Sector SPDR Fund (XLC). 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.

SLVPXLCDifference
Sharpe ratioReturn per unit of total volatility
1.72
0.81

+0.91

Sortino ratioReturn per unit of downside risk
2.09
1.25

+0.84

Omega ratioGain probability vs. loss probability

1.28

1.14

+0.14

Calmar ratioReturn relative to maximum drawdown

2.48

1.02

+1.46

Martin ratioReturn relative to average drawdown

6.54

3.21

+3.34

SLVP vs. XLC - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 1.72, which is higher than the XLC Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of SLVP and XLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SLVP vs. XLC - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, which is greater than XLC's maximum drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for SLVP and XLC.

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Drawdown Indicators

SLVPXLCDifference

Max Drawdown

Largest peak-to-trough decline

-80.47%

-46.65%

-33.82%

Max Drawdown (1Y)

Largest decline over 1 year

-38.06%

-10.57%

-27.49%

Max Drawdown (3Y)

Largest decline over 3 years

-38.06%

-17.97%

-20.09%

Max Drawdown (5Y)

Largest decline over 5 years

-49.79%

-46.65%

-3.14%

Max Drawdown (10Y)

Largest decline over 10 years

-62.03%

—

—

Current Drawdown

Current decline from peak

-27.18%

-6.27%

-20.91%

Average Drawdown

Average peak-to-trough decline

-46.77%

-10.58%

-36.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.41%

3.35%

+11.06%

Volatility

SLVP vs. XLC - Volatility Comparison

iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 20.77% compared to Communication Services Select Sector SPDR Fund (XLC) at 3.61%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLVPXLCDifference

Volatility (1M)

Calculated over the trailing 1-month period

20.77%

3.61%

+17.16%

Volatility (6M)

Calculated over the trailing 6-month period

45.32%

9.66%

+35.66%

Volatility (1Y)

Calculated over the trailing 1-year period

55.01%

13.25%

+41.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.26%

20.68%

+22.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.48%

22.17%

+20.31%

SLVP vs. XLC - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is higher than XLC's 0.13% expense ratio.

Dividends

SLVP vs. XLC - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 2.17%, more than XLC's 1.24% yield.

PositionTTM20252024202320222021202020192018201720162015
SLVP
iShares MSCI Global Silver and Metals Miners ETF		2.17%1.78%1.05%0.88%0.63%1.63%2.39%2.03%1.28%0.85%2.32%0.72%
XLC
Communication Services Select Sector SPDR Fund		1.24%1.13%0.99%0.82%1.10%0.74%0.68%0.82%0.64%0.00%0.00%0.00%

Frequently Asked Questions

SLVP and XLC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLVP has higher volatility (20.77%) compared to XLC (3.61%). In terms of maximum drawdown, SLVP dropped -80.47% vs XLC's -46.65%.

On 5-year performance, SLVP leads with 16.28% vs 8.31% for XLC. On fees, XLC is cheaper at 0.13% per year. On volatility, XLC has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SLVP has performed better with a 16.28% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLC is cheaper with a 0.13% expense ratio, compared with 0.39% for SLVP.

SLVP has the higher dividend yield at 2.17%, compared with 1.24% for XLC.

SLVP is categorized as Silver, while XLC is Communications Equities. SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while XLC tracks S&P Communication Services Select Sector Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.39% for SLVP and 0.13% for XLC.

SLVP currently has the higher Sharpe Ratio (1.72 vs 0.81), 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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