SVR-C.TO vs. BTC-USD
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) is Silver fund tracking the LBMA Silver Price, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SVR-C.TO returned 14.84%/yr vs 58.56%/yr for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
SVR-C.TO vs. BTC-USD - Performance Comparison
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Different Trading Currencies
SVR-C.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SVR-C.TO achieves a -3.47% return, which is significantly higher than BTC-USD's -24.68% return. Over the past 10 years, SVR-C.TO has underperformed BTC-USD with an annualized return of 14.84%, while BTC-USD has yielded a comparatively higher 58.56% annualized return.
SVR-C.TO
- 1D
- 1.42%
- 1M
- -17.08%
- YTD
- -3.47%
- 6M
- 10.25%
- 1Y
- 89.11%
- 3Y*
- 43.04%
- 5Y*
- 22.05%
- 10Y*
- 14.84%
BTC-USD
- 1D
- 1.83%
- 1M
- -18.78%
- YTD
- -24.68%
- 6M
- -27.43%
- 1Y
- -37.45%
- 3Y*
- 39.21%
- 5Y*
- 12.86%
- 10Y*
- 58.56%
SVR-C.TO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -3.47% | 132.91% | 30.61% | -2.65% | 9.69% | -13.03% | 43.88% | 9.28% | -2.35% | -2.30% |
BTC-USD Bitcoin | -24.68% | -10.55% | 140.73% | 147.36% | -61.80% | 59.32% | 294.97% | 86.10% | -72.52% | 1,313.27% |
Correlation
The correlation between SVR-C.TO and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.07 |
The correlation between SVR-C.TO and BTC-USD shifts across timeframes, from 0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SVR-C.TO vs. BTC-USD — Risk / Return Rank
SVR-C.TO
BTC-USD
SVR-C.TO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) and Bitcoin (BTC-USD). 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.
| SVR-C.TO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.86 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.73 | +2.76 |
| Martin ratioReturn relative to average drawdown | 4.36 | -1.25 | +5.61 |
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Drawdowns
SVR-C.TO vs. BTC-USD - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -53.26%, smaller than the maximum BTC-USD drawdown of -83.48%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and BTC-USD.
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Drawdown Indicators
| SVR-C.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -83.48% | +30.22% |
Max Drawdown (1Y)Largest decline over 1 year | -43.91% | -51.27% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -43.91% | -51.27% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -43.91% | -74.94% | +31.03% |
Max Drawdown (10Y)Largest decline over 10 years | -43.91% | -82.60% | +38.69% |
Current DrawdownCurrent decline from peak | -40.29% | -48.18% | +7.89% |
Average DrawdownAverage peak-to-trough decline | -28.89% | -40.00% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.45% | 35.86% | -15.41% |
Volatility
SVR-C.TO vs. BTC-USD - Volatility Comparison
iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) has a higher volatility of 15.49% compared to Bitcoin (BTC-USD) at 11.82%. This indicates that SVR-C.TO's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVR-C.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.49% | 11.82% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 56.18% | 33.45% | +22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.55% | 34.92% | +22.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.53% | 45.70% | -10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.58% | 56.37% | -24.79% |
Frequently Asked Questions
SVR-C.TO and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SVR-C.TO and BTC-USD
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