SPHR vs. SLV
SPHR (Sphere Entertainment Co.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 5 years, SPHR returned 36.11%/yr vs 17.38%/yr for SLV. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
SPHR vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, SPHR achieves a 54.91% return, which is significantly higher than SLV's -18.57% return.
SPHR
- 1D
- 2.82%
- 1M
- -10.07%
- 6M
- 55.66%
- YTD
- 54.91%
- 1Y
- 261.80%
- 3Y*
- 57.48%
- 5Y*
- 36.11%
- 10Y*
- —
- ALL TIME*
- 20.15%
SLV
- 1D
- 0.19%
- 1M
- -4.65%
- 6M
- -27.58%
- YTD
- -18.57%
- 1Y
- 56.18%
- 3Y*
- 34.29%
- 5Y*
- 17.38%
- 10Y*
- 10.86%
- ALL TIME*
- 7.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $713.72M | $758.23M | $1.25B | |
| $118.15M | $101.63M | $105.33M |
SPHR vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPHR Sphere Entertainment Co. | 54.91% | 135.81% | 18.73% | 63.49% | -36.07% | -33.04% | 5.04% |
SLV iShares Silver Trust | -18.57% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 76.26% |
Correlation
The correlation between SPHR and SLV is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | 0.12 |
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Return for Risk
SPHR vs. SLV — Risk / Return Rank
SPHR
SLV
SPHR vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sphere Entertainment Co. (SPHR) 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.
| SPHR | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.21 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 11.49 | 1.08 | +10.41 |
| Martin ratioReturn relative to average drawdown | 40.39 | 2.05 | +38.34 |
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Drawdowns
SPHR vs. SLV - Drawdown Comparison
The maximum SPHR drawdown since its inception was -65.73%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SPHR and SLV.
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Drawdown Indicators
| SPHR | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.73% | -76.28% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -22.96% | -52.28% | +29.32% |
Max Drawdown (3Y)Largest decline over 3 years | -52.29% | -52.28% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -52.29% | -52.28% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.28% | — |
Current DrawdownCurrent decline from peak | -14.88% | -50.32% | +35.44% |
Average DrawdownAverage peak-to-trough decline | -29.33% | -44.68% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 27.49% | -20.97% |
Volatility
SPHR vs. SLV - Volatility Comparison
Sphere Entertainment Co. (SPHR) has a higher volatility of 16.95% compared to iShares Silver Trust (SLV) at 10.86%. This indicates that SPHR's price experiences larger fluctuations and is considered to be riskier 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
| SPHR | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.95% | 10.86% | +6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 40.26% | 44.32% | -4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.39% | 61.47% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.01% | 36.98% | +15.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.34% | 32.23% | +19.11% |
Dividends
SPHR vs. SLV - Dividend Comparison
Neither SPHR nor SLV has paid dividends to shareholders.
Frequently Asked Questions
SPHR and SLV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHR has higher volatility (16.95%) compared to SLV (10.86%). In terms of maximum drawdown, SPHR dropped -65.73% vs SLV's -76.28%.
SPHR currently has the higher Sharpe Ratio (5.04 vs 0.92), 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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