SPGI vs. SLV
SPGI (S&P Global Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, SPGI returned 15.70%/yr vs 13.99%/yr for SLV. At a 0.09 correlation, their price movements are largely independent.
Performance
SPGI vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -19.47% return, which is significantly lower than SLV's -4.86% return. Over the past 10 years, SPGI has outperformed SLV with an annualized return of 15.70%, while SLV has yielded a comparatively lower 13.99% annualized return.
SPGI
- 1D
- 1.35%
- 1M
- 3.28%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -16.50%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
SPGI vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -19.47% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between SPGI and SLV is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.09 |
The correlation between SPGI and SLV shifts across timeframes, from -0.06 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPGI vs. SLV — Risk / Return Rank
SPGI
SLV
SPGI vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.89 | -2.43 |
| Martin ratioReturn relative to average drawdown | -1.03 | 4.10 | -5.13 |
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Drawdowns
SPGI vs. SLV - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, roughly equal to the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SPGI and SLV.
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Drawdown Indicators
| SPGI | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -76.28% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -45.40% | +14.92% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -45.40% | +14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -45.40% | +5.64% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -45.40% | +5.64% |
Current DrawdownCurrent decline from peak | -25.12% | -41.96% | +16.84% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -44.66% | +29.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 20.88% | -4.81% |
Volatility
SPGI vs. SLV - Volatility Comparison
The current volatility for S&P Global Inc. (SPGI) is 7.62%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that SPGI 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.
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Volatility by Period
| SPGI | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 16.34% | -8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 59.10% | -34.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 59.82% | -32.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 36.46% | -11.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 32.00% | -5.97% |
Dividends
SPGI vs. SLV - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.92%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPGI S&P Global Inc. | 0.92% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Frequently Asked Questions
SPGI and SLV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.34%) compared to SPGI (7.62%). In terms of maximum drawdown, SPGI dropped -74.67% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.44 vs -0.60), 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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