SVM vs. SVR-C.TO

Last updated Jul 1, 2026

SVM (Silvercorp Metals Inc.) is a stock, while SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, SVM returned 16.92%/yr vs 11.49%/yr for SVR-C.TO. At a 0.38 correlation, their price movements are largely independent.

Performance

SVM vs. SVR-C.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silvercorp Metals Inc. (SVM) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SVM is traded in USD, while SVR-C.TO is traded in CAD. To make them comparable, the SVR-C.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SVM achieves a 21.23% return, which is significantly higher than SVR-C.TO's -17.45% return. Over the past 10 years, SVM has outperformed SVR-C.TO with an annualized return of 16.92%, while SVR-C.TO has yielded a comparatively lower 11.49% 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%

SVR-C.TO

• 1D: 1.73%
• 1M: -21.81%
• YTD: -17.45%
• 6M: -22.77%
• 1Y: 63.83%
• 3Y*: 36.65%
• 5Y*: 17.03%
• 10Y*: 11.49%

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

SVM vs. SVR-C.TO - 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%
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged)	-17.45%	144.05%	20.41%	-0.28%	3.15%	-12.98%	47.38%	13.97%	-9.93%	4.80%

Correlation

The correlation between SVM and SVR-C.TO is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012	0.38

Over the past year, SVM and SVR-C.TO have become more correlated (0.67) than their long-term average of 0.38, meaning their price movements have been converging.

Return for Risk

SVM vs. SVR-C.TO — 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

SVR-C.TO

SVR-C.TO Risk / Return Rank: 34
SVR-C.TO Sharpe Ratio Rank: 37
SVR-C.TO Sortino Ratio Rank: 32
SVR-C.TO Omega Ratio Rank: 44
SVR-C.TO Calmar Ratio Rank: 32
SVR-C.TO Martin Ratio Rank: 25

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. SVR-C.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silvercorp Metals Inc. (SVM) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). 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	SVR-C.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.08	+0.92
Sortino ratio: Return per unit of downside risk	2.34	1.49	+0.85
Omega ratio: Gain probability vs. loss probability	1.30	1.23	+0.07
Calmar ratio: Return relative to maximum drawdown	3.61	1.26	+2.35
Martin ratio: Return relative to average drawdown	9.64	2.76	+6.88

SVM vs. SVR-C.TO - Sharpe Ratio Comparison

The current SVM Sharpe Ratio is 2.00, which is higher than the SVR-C.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SVM and SVR-C.TO, 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. SVR-C.TO - Drawdown Comparison

The maximum SVM drawdown since its inception was -98.00%, which is greater than SVR-C.TO's maximum drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for SVM and SVR-C.TO.

Drawdown Indicators

	SVM	SVR-C.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-67.24%	-30.76%
Max Drawdown (1Y) Largest decline over 1 year	-39.02%	-51.08%	+12.06%
Max Drawdown (3Y) Largest decline over 3 years	-42.86%	-51.08%	+8.22%
Max Drawdown (5Y) Largest decline over 5 years	-62.98%	-51.08%	-11.90%
Max Drawdown (10Y) Largest decline over 10 years	-76.19%	-51.08%	-25.11%
Current Drawdown Current decline from peak	-48.92%	-49.32%	+0.40%
Average Drawdown Average peak-to-trough decline	-71.59%	-40.00%	-31.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.57%	23.18%	-8.61%

Volatility

SVM vs. SVR-C.TO - Volatility Comparison

Silvercorp Metals Inc. (SVM) has a higher volatility of 27.03% compared to iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) at 15.47%. This indicates that SVM's price experiences larger fluctuations and is considered to be riskier than SVR-C.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVM	SVR-C.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.03%	15.47%	+11.56%
Volatility (6M) Calculated over the trailing 6-month period	57.80%	56.85%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	70.44%	59.24%	+11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.00%	36.71%	+19.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.93%	32.53%	+29.40%

Dividends

SVM vs. SVR-C.TO - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVM and SVR-C.TO in my portfolio?

SVM and SVR-C.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.