SOBO.TO vs. SLV

Last updated Jun 13, 2026

SOBO.TO (South Bow Corp) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past year, SOBO.TO returned 53.85% vs 89.64% for SLV. At a 0.00 correlation, their price movements are largely independent.

Performance

SOBO.TO vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in South Bow Corp (SOBO.TO) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOBO.TO is traded in CAD, while SLV is traded in USD. To make them comparable, the SLV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOBO.TO achieves a 43.31% return, which is significantly higher than SLV's -2.89% return.

SOBO.TO

• 1D: 1.25%
• 1M: 8.07%
• YTD: 43.31%
• 6M: 46.62%
• 1Y: 53.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLV

• 1D: 1.00%
• 1M: -21.17%
• YTD: -2.89%
• 6M: 10.86%
• 1Y: 89.64%
• 3Y*: 43.40%
• 5Y*: 22.32%
• 10Y*: 14.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOBO.TO vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOBO.TO South Bow Corp	43.31%	19.87%	23.73%
SLV iShares Silver Trust	-2.83%	133.49%	-4.95%

Correlation

The correlation between SOBO.TO and SLV is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.00

Return for Risk

SOBO.TO vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOBO.TO

SOBO.TO Risk / Return Rank: 92
SOBO.TO Sharpe Ratio Rank: 94
SOBO.TO Sortino Ratio Rank: 94
SOBO.TO Omega Ratio Rank: 92
SOBO.TO Calmar Ratio Rank: 91
SOBO.TO Martin Ratio Rank: 91

SLV

SLV Risk / Return Rank: 42
SLV Sharpe Ratio Rank: 47
SLV Sortino Ratio Rank: 38
SLV Omega Ratio Rank: 53
SLV Calmar Ratio Rank: 43
SLV Martin Ratio Rank: 32

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.

SOBO.TO vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for South Bow Corp (SOBO.TO) 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.

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.

	SOBO.TO	SLV	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.51	+1.21
Sortino ratio: Return per unit of downside risk	3.70	1.81	+1.89
Omega ratio: Gain probability vs. loss probability	1.44	1.30	+0.14
Calmar ratio: Return relative to maximum drawdown	4.48	2.05	+2.42
Martin ratio: Return relative to average drawdown	11.83	4.39	+7.44

SOBO.TO vs. SLV - Sharpe Ratio Comparison

The current SOBO.TO Sharpe Ratio is 2.72, which is higher than the SLV Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of SOBO.TO and SLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOBO.TO vs. SLV - Drawdown Comparison

The maximum SOBO.TO drawdown since its inception was -26.40%, smaller than the maximum SLV drawdown of -64.48%. Use the drawdown chart below to compare losses from any high point for SOBO.TO and SLV.

Drawdown Indicators

	SOBO.TO	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-64.48%	+38.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-43.94%	+31.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-43.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.94%	—
Current Drawdown Current decline from peak	0.00%	-40.31%	+40.31%
Average Drawdown Average peak-to-trough decline	-4.69%	-34.64%	+29.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	20.47%	-15.87%

Volatility

SOBO.TO vs. SLV - Volatility Comparison

The current volatility for South Bow Corp (SOBO.TO) is 7.30%, while iShares Silver Trust (SLV) has a volatility of 16.48%. This indicates that SOBO.TO experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOBO.TO	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	16.48%	-9.18%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	58.94%	-44.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	59.54%	-39.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.55%	36.84%	+7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.55%	32.58%	+11.97%

Dividends

SOBO.TO vs. SLV - Dividend Comparison

SOBO.TO's dividend yield for the trailing twelve months is around 5.18%, while SLV has not paid dividends to shareholders.

Position	TTM	2025	2024
SLV iShares Silver Trust	0.00%	0.00%	0.00%
SOBO.TO South Bow Corp	5.18%	7.37%	2.12%

Frequently Asked Questions

Can I hold both SOBO.TO and SLV in my portfolio?

SOBO.TO and SLV have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.