SVM vs. SIVR

Last updated Jul 1, 2026

SVM (Silvercorp Metals Inc.) is a stock, while SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt). Over the past 10 years, SVM returned 16.92%/yr vs 11.29%/yr for SIVR. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

SVM vs. SIVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silvercorp Metals Inc. (SVM) and abrdn Physical Silver Shares ETF (SIVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVM achieves a 21.23% return, which is significantly higher than SIVR's -16.88% return. Over the past 10 years, SVM has outperformed SIVR with an annualized return of 16.92%, while SIVR has yielded a comparatively lower 11.29% annualized return.

SVM

• 1D: -7.51%
• 1M: -20.20%
• YTD: 21.23%
• 6M: 17.83%
• 1Y: 140.00%
• 3Y*: 53.92%
• 5Y*: 13.81%
• 10Y*: 16.92%

SIVR

• 1D: 1.59%
• 1M: -21.69%
• YTD: -16.88%
• 6M: -22.35%
• 1Y: 63.38%
• 3Y*: 37.03%
• 5Y*: 17.50%
• 10Y*: 11.29%

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

SVM vs. SIVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVM Silvercorp Metals Inc.	21.23%	179.29%	14.88%	-10.33%	-20.60%	-43.52%	18.54%	172.27%	-18.96%	12.52%
SIVR abrdn Physical Silver Shares ETF	-16.88%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	-8.96%	5.97%

Correlation

The correlation between SVM and SIVR is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009	0.63

The correlation between SVM and SIVR shifts across timeframes, from 0.63 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SVM vs. SIVR — Risk / Return Rank

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

SVM

SVM Risk / Return Rank: 86
SVM Sharpe Ratio Rank: 90
SVM Sortino Ratio Rank: 83
SVM Omega Ratio Rank: 82
SVM Calmar Ratio Rank: 88
SVM Martin Ratio Rank: 89

SIVR

SIVR Risk / Return Rank: 30
SIVR Sharpe Ratio Rank: 32
SIVR Sortino Ratio Rank: 29
SIVR Omega Ratio Rank: 40
SIVR Calmar Ratio Rank: 27
SIVR Martin Ratio Rank: 23

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.

SVM vs. SIVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silvercorp Metals Inc. (SVM) and abrdn Physical Silver Shares ETF (SIVR). 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.

	SVM	SIVR	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.05	+0.95
Sortino ratio: Return per unit of downside risk	2.34	1.46	+0.87
Omega ratio: Gain probability vs. loss probability	1.30	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	3.61	1.25	+2.36
Martin ratio: Return relative to average drawdown	9.64	2.77	+6.88

SVM vs. SIVR - Sharpe Ratio Comparison

The current SVM Sharpe Ratio is 2.00, which is higher than the SIVR Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of SVM and SIVR, 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

SVM vs. SIVR - Drawdown Comparison

The maximum SVM drawdown since its inception was -98.00%, which is greater than SIVR's maximum drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for SVM and SIVR.

Drawdown Indicators

	SVM	SIVR	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-75.85%	-22.15%
Max Drawdown (1Y) Largest decline over 1 year	-39.02%	-50.92%	+11.90%
Max Drawdown (3Y) Largest decline over 3 years	-42.86%	-50.92%	+8.06%
Max Drawdown (5Y) Largest decline over 5 years	-62.98%	-50.92%	-12.06%
Max Drawdown (10Y) Largest decline over 10 years	-76.19%	-50.92%	-25.27%
Current Drawdown Current decline from peak	-48.92%	-49.29%	+0.37%
Average Drawdown Average peak-to-trough decline	-71.59%	-47.83%	-23.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.57%	22.98%	-8.41%

Volatility

SVM vs. SIVR - Volatility Comparison

Silvercorp Metals Inc. (SVM) has a higher volatility of 27.03% compared to abrdn Physical Silver Shares ETF (SIVR) at 15.69%. This indicates that SVM's price experiences larger fluctuations and is considered to be riskier than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVM	SIVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.03%	15.69%	+11.34%
Volatility (6M) Calculated over the trailing 6-month period	57.80%	58.87%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	70.44%	60.71%	+9.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.00%	36.77%	+19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.93%	32.16%	+29.77%

Dividends

SVM vs. SIVR - Dividend Comparison

SVM's dividend yield for the trailing twelve months is around 0.25%, while SIVR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SVM Silvercorp Metals Inc.	0.25%	0.30%	0.83%	0.95%	0.84%	0.66%	0.37%	0.44%	1.19%	0.76%	0.43%	2.13%

Frequently Asked Questions

Can I hold both SVM and SIVR in my portfolio?

SVM and SIVR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVM or SIVR?

SVM has higher volatility (27.03%) compared to SIVR (15.69%). In terms of maximum drawdown, SVM dropped -98.00% vs SIVR's -75.85%.

Which has better risk-adjusted returns?

SVM currently has the higher Sharpe Ratio (2.00 vs 1.05), 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.