STE vs. SLV
STE (STERIS plc) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, STE returned 12.85%/yr vs 15.63%/yr for SLV. At a 0.10 correlation, their price movements are largely independent.
Performance
STE vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, STE achieves a -16.07% return, which is significantly lower than SLV's 3.97% return. Over the past 10 years, STE has underperformed SLV with an annualized return of 12.85%, while SLV has yielded a comparatively higher 15.63% annualized return.
STE
- 1D
- 0.98%
- 1M
- -0.34%
- YTD
- -16.07%
- 6M
- -18.48%
- 1Y
- -11.46%
- 3Y*
- 1.98%
- 5Y*
- 2.77%
- 10Y*
- 12.85%
SLV
- 1D
- 1.16%
- 1M
- 1.62%
- YTD
- 3.97%
- 6M
- 29.40%
- 1Y
- 113.72%
- 3Y*
- 45.73%
- 5Y*
- 21.04%
- 10Y*
- 15.63%
STE vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | -16.07% | 24.57% | -5.60% | 20.19% | -23.43% | 29.47% | 25.50% | 44.09% | 23.66% | 31.73% |
SLV iShares Silver Trust | 3.97% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between STE 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 (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 1, 2006 | 0.10 |
The correlation between STE and SLV shifts across timeframes, from 0.03 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
STE vs. SLV — Risk / Return Rank
STE
SLV
STE vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) 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.
| STE | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.36 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.69 | -3.16 |
| Martin ratioReturn relative to average drawdown | -1.13 | 5.76 | -6.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| STE | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | 1.94 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.58 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.49 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.25 | +0.16 |
Drawdowns
STE vs. SLV - Drawdown Comparison
The maximum STE drawdown since its inception was -77.22%, roughly equal to the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for STE and SLV.
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Drawdown Indicators
| STE | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -76.28% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -42.45% | +17.78% |
Max Drawdown (3Y)Largest decline over 3 years | -24.67% | -42.45% | +17.78% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -42.45% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.18% | -42.81% | +6.63% |
Current DrawdownCurrent decline from peak | -20.80% | -36.57% | +15.77% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -44.67% | +26.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 19.81% | -9.64% |
Volatility
STE vs. SLV - Volatility Comparison
The current volatility for STERIS plc (STE) is 7.80%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that STE 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
| STE | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 16.34% | -8.54% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 58.31% | -40.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.69% | 58.90% | -35.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 36.15% | -10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 31.83% | -6.77% |
Dividends
STE vs. SLV - Dividend Comparison
STE's dividend yield for the trailing twelve months is around 1.16%, 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% |
STE STERIS plc | 1.16% | 0.95% | 1.06% | 0.90% | 0.97% | 0.68% | 0.81% | 0.93% | 1.22% | 1.35% | 1.57% | 1.27% |
Frequently Asked Questions
STE 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.
SLV has higher volatility (16.34%) compared to STE (7.80%). In terms of maximum drawdown, STE dropped -77.22% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.94 vs -0.49), 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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