SVM vs. SLV

Last updated Jun 25, 2026

SVM (Silvercorp Metals Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, SVM returned 17.63%/yr vs 11.85%/yr for SLV. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

SVM vs. SLV - Performance Comparison

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

Returns By Period

In the year-to-date period, SVM achieves a 24.83% return, which is significantly higher than SLV's -19.62% return. Over the past 10 years, SVM has outperformed SLV with an annualized return of 17.63%, while SLV has yielded a comparatively lower 11.85% annualized return.

SVM

• 1D: -1.70%
• 1M: -12.00%
• YTD: 24.83%
• 6M: 21.19%
• 1Y: 156.86%
• 3Y*: 56.55%
• 5Y*: 14.27%
• 10Y*: 17.63%

SLV

• 1D: -7.09%
• 1M: -24.25%
• YTD: -19.62%
• 6M: -20.61%
• 1Y: 58.79%
• 3Y*: 36.01%
• 5Y*: 16.45%
• 10Y*: 11.85%

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

SVM vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVM Silvercorp Metals Inc.	24.83%	179.29%	14.88%	-10.33%	-20.60%	-43.52%	18.54%	172.27%	-18.96%	12.52%
SLV iShares Silver Trust	-19.62%	144.66%	20.89%	-1.09%	2.37%	-12.45%	47.30%	14.88%	-9.19%	5.82%

Correlation

The correlation between SVM and SLV 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	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006	0.61

The correlation between SVM and SLV shifts across timeframes, from 0.61 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SVM vs. SLV — Risk / Return Rank

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

SVM

SVM Risk / Return Rank: 88
SVM Sharpe Ratio Rank: 91
SVM Sortino Ratio Rank: 84
SVM Omega Ratio Rank: 84
SVM Calmar Ratio Rank: 89
SVM Martin Ratio Rank: 90

SLV

SLV Risk / Return Rank: 28
SLV Sharpe Ratio Rank: 29
SLV Sortino Ratio Rank: 27
SLV Omega Ratio Rank: 36
SLV Calmar Ratio Rank: 26
SLV 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. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silvercorp Metals Inc. (SVM) 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.

	SVM	SLV	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.97	+1.28
Sortino ratio: Return per unit of downside risk	2.50	1.40	+1.10
Omega ratio: Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	4.04	1.16	+2.89
Martin ratio: Return relative to average drawdown	11.26	2.66	+8.59

SVM vs. SLV - Sharpe Ratio Comparison

The current SVM Sharpe Ratio is 2.25, which is higher than the SLV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of SVM 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

SVM vs. SLV - Drawdown Comparison

The maximum SVM drawdown since its inception was -98.00%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SVM and SLV.

Drawdown Indicators

	SVM	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-76.28%	-21.72%
Max Drawdown (1Y) Largest decline over 1 year	-39.02%	-50.97%	+11.95%
Max Drawdown (3Y) Largest decline over 3 years	-42.86%	-50.97%	+8.11%
Max Drawdown (5Y) Largest decline over 5 years	-62.98%	-50.97%	-12.01%
Max Drawdown (10Y) Largest decline over 10 years	-76.19%	-50.97%	-25.22%
Current Drawdown Current decline from peak	-47.40%	-50.97%	+3.57%
Average Drawdown Average peak-to-trough decline	-71.60%	-44.66%	-26.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.99%	22.14%	-8.15%

Volatility

SVM vs. SLV - Volatility Comparison

Silvercorp Metals Inc. (SVM) has a higher volatility of 27.29% compared to iShares Silver Trust (SLV) at 15.67%. This indicates that SVM'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.

Volatility by Period

	SVM	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.29%	15.67%	+11.62%
Volatility (6M) Calculated over the trailing 6-month period	57.45%	59.65%	-2.20%
Volatility (1Y) Calculated over the trailing 1-year period	70.08%	60.78%	+9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.91%	36.73%	+19.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.87%	32.16%	+29.71%

Dividends

SVM vs. SLV - Dividend Comparison

SVM's dividend yield for the trailing twelve months is around 0.24%, 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%
SVM Silvercorp Metals Inc.	0.24%	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 SLV in my portfolio?

SVM and SLV 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 SLV?

SVM has higher volatility (27.29%) compared to SLV (15.67%). In terms of maximum drawdown, SVM dropped -98.00% vs SLV's -76.28%.

Which has better risk-adjusted returns?

SVM currently has the higher Sharpe Ratio (2.25 vs 0.97), 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.