SVR-C.TO vs. ION
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and ION (Proshares S&P Global Core Battery Metals ETF) are both exchange-traded funds - SVR-C.TO is a Silver fund tracking the LBMA Silver Price, while ION is a Lithium & Battery Metals fund tracking the S&P Global Core Battery Metals Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, SVR-C.TO returned 39.87%/yr vs 15.75%/yr for ION. At a 0.33 correlation, their price movements are largely independent. SVR-C.TO charges 0.66%/yr vs 0.58%/yr for ION.
Performance
SVR-C.TO vs. ION - Performance Comparison
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Different Trading Currencies
SVR-C.TO is traded in CAD, while ION is traded in USD. To make them comparable, the ION 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 -14.35% return, which is significantly lower than ION's 2.52% return.
SVR-C.TO
- 1D
- 1.87%
- 1M
- -19.40%
- YTD
- -14.35%
- 6M
- -19.83%
- 1Y
- 70.15%
- 3Y*
- 39.87%
- 5Y*
- 20.27%
- 10Y*
- 12.54%
ION
- 1D
- 2.02%
- 1M
- -12.71%
- YTD
- 2.52%
- 6M
- 2.40%
- 1Y
- 85.04%
- 3Y*
- 15.75%
- 5Y*
- —
- 10Y*
- —
SVR-C.TO vs. ION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -14.35% | 132.91% | 30.61% | -2.65% | 9.11% |
ION Proshares S&P Global Core Battery Metals ETF | 2.52% | 98.86% | -13.25% | -16.14% | -7.50% |
Correlation
The correlation between SVR-C.TO and ION is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.33 |
The correlation between SVR-C.TO and ION shifts across timeframes, from 0.33 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SVR-C.TO vs. ION — Risk / Return Rank
SVR-C.TO
ION
SVR-C.TO vs. ION - 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 Proshares S&P Global Core Battery Metals ETF (ION). 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 | ION | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.60 | -2.16 |
| Martin ratioReturn relative to average drawdown | 3.11 | 10.68 | -7.56 |
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Drawdowns
SVR-C.TO vs. ION - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -53.26%, which is greater than ION's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and ION.
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Drawdown Indicators
| SVR-C.TO | ION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -48.98% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -48.86% | -23.73% | -25.13% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -42.18% | -6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.86% | — | — |
Current DrawdownCurrent decline from peak | -47.01% | -22.19% | -24.82% |
Average DrawdownAverage peak-to-trough decline | -28.94% | -22.22% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.60% | 7.99% | +14.61% |
Volatility
SVR-C.TO vs. ION - Volatility Comparison
iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) has a higher volatility of 15.32% compared to Proshares S&P Global Core Battery Metals ETF (ION) at 13.82%. This indicates that SVR-C.TO's price experiences larger fluctuations and is considered to be riskier than ION 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 | ION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 13.82% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 56.48% | 32.06% | +24.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.58% | 39.19% | +19.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 31.50% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.73% | 31.50% | +0.23% |
SVR-C.TO vs. ION - Expense Ratio Comparison
SVR-C.TO has a 0.66% expense ratio, which is higher than ION's 0.58% expense ratio.
Dividends
SVR-C.TO vs. ION - Dividend Comparison
SVR-C.TO has not paid dividends to shareholders, while ION's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 1.50% | 1.63% | 1.74% | 2.23% | 0.13% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVR-C.TO and ION have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ION is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ION is cheaper with a 0.58% expense ratio, compared with 0.66% for SVR-C.TO.
SVR-C.TO is categorized as Silver, while ION is Lithium & Battery Metals. SVR-C.TO tracks LBMA Silver Price, while ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.66% for SVR-C.TO and 0.58% for ION.
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