SVR-C.TO vs. HUZ.TO
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and HUZ.TO (Global X Silver ETF) are both Silver funds - SVR-C.TO tracks the LBMA Silver Price while HUZ.TO tracks the Solactive Silver Front Month MD Rolling Futures Index. Both are passively managed. Over the past 10 years, SVR-C.TO returned 16.32%/yr vs 12.04%/yr for HUZ.TO. A 0.68 correlation means they provide meaningful diversification when combined. SVR-C.TO charges 0.66%/yr vs 1.18%/yr for HUZ.TO.
Performance
SVR-C.TO vs. HUZ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SVR-C.TO achieves a 3.58% return, which is significantly higher than HUZ.TO's 2.35% return. Over the past 10 years, SVR-C.TO has outperformed HUZ.TO with an annualized return of 16.32%, while HUZ.TO has yielded a comparatively lower 12.04% annualized return.
SVR-C.TO
- 1D
- -2.08%
- 1M
- 2.36%
- YTD
- 3.58%
- 6M
- 23.35%
- 1Y
- 112.17%
- 3Y*
- 46.44%
- 5Y*
- 24.24%
- 10Y*
- 16.32%
HUZ.TO
- 1D
- -2.50%
- 1M
- 0.23%
- YTD
- 2.35%
- 6M
- 22.30%
- 1Y
- 101.00%
- 3Y*
- 40.00%
- 5Y*
- 17.25%
- 10Y*
- 12.04%
SVR-C.TO vs. HUZ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | 3.58% | 132.91% | 30.61% | -2.65% | 9.31% | -12.72% | 43.88% | 9.28% | -2.35% | -2.30% |
HUZ.TO Global X Silver ETF | 2.35% | 129.20% | 18.72% | -3.75% | 1.17% | -15.10% | 39.27% | 12.48% | -11.38% | 2.96% |
Correlation
The correlation between SVR-C.TO and HUZ.TO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2011 | 0.68 |
Over the past year, SVR-C.TO and HUZ.TO have become more correlated (0.96) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
SVR-C.TO vs. HUZ.TO — Risk / Return Rank
SVR-C.TO
HUZ.TO
SVR-C.TO vs. HUZ.TO - 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 Global X Silver ETF (HUZ.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.
| SVR-C.TO | HUZ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.36 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.83 | 5.07 | +0.76 |
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
| SVR-C.TO | HUZ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.72 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.47 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.36 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.21 | +0.02 |
Drawdowns
SVR-C.TO vs. HUZ.TO - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -61.14%, smaller than the maximum HUZ.TO drawdown of -81.06%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and HUZ.TO.
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Drawdown Indicators
| SVR-C.TO | HUZ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -81.06% | +19.92% |
Max Drawdown (1Y)Largest decline over 1 year | -41.54% | -43.11% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -41.54% | -43.11% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -43.11% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -48.84% | +7.30% |
Current DrawdownCurrent decline from peak | -35.92% | -38.13% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -35.58% | -54.91% | +19.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 19.99% | -0.69% |
Volatility
SVR-C.TO vs. HUZ.TO - Volatility Comparison
iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) and Global X Silver ETF (HUZ.TO) have volatilities of 16.01% and 16.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVR-C.TO | HUZ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.01% | 16.29% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 55.45% | 58.22% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.72% | 58.94% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.57% | 37.28% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.57% | 33.24% | +0.33% |
SVR-C.TO vs. HUZ.TO - Expense Ratio Comparison
SVR-C.TO has a 0.66% expense ratio, which is lower than HUZ.TO's 1.18% expense ratio.
Dividends
SVR-C.TO vs. HUZ.TO - Dividend Comparison
Neither SVR-C.TO nor HUZ.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SVR-C.TO and HUZ.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SVR-C.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SVR-C.TO is cheaper with a 0.66% expense ratio, compared with 1.18% for HUZ.TO.
SVR-C.TO tracks LBMA Silver Price, while HUZ.TO tracks Solactive Silver Front Month MD Rolling Futures Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.66% for SVR-C.TO and 1.18% for HUZ.TO.
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