SVR-C.TO vs. ISLN.L
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and ISLN.L (iShares Physical Silver ETC) are both Silver funds from iShares tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SVR-C.TO returned 16.32%/yr vs 16.69%/yr for ISLN.L. A 0.60 correlation means they provide meaningful diversification when combined. SVR-C.TO charges 0.66%/yr vs 0.20%/yr for ISLN.L.
Performance
SVR-C.TO vs. ISLN.L - Performance Comparison
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Different Trading Currencies
SVR-C.TO is traded in CAD, while ISLN.L is traded in USD. To make them comparable, the ISLN.L values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SVR-C.TO having a 3.58% return and ISLN.L slightly higher at 3.73%. Both investments have delivered pretty close results over the past 10 years, with SVR-C.TO having a 16.32% annualized return and ISLN.L not far ahead at 16.69%.
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%
ISLN.L
- 1D
- -2.93%
- 1M
- -1.25%
- YTD
- 3.73%
- 6M
- 24.33%
- 1Y
- 115.19%
- 3Y*
- 47.10%
- 5Y*
- 24.66%
- 10Y*
- 16.69%
SVR-C.TO vs. ISLN.L - 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% |
ISLN.L iShares Physical Silver ETC | 3.73% | 136.23% | 31.53% | -2.95% | 10.76% | -13.64% | 43.39% | 10.63% | -1.03% | -2.92% |
Correlation
The correlation between SVR-C.TO and ISLN.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.60 |
Over the past year, SVR-C.TO and ISLN.L have become more correlated (0.81) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
SVR-C.TO vs. ISLN.L — Risk / Return Rank
SVR-C.TO
ISLN.L
SVR-C.TO vs. ISLN.L - 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 iShares Physical Silver ETC (ISLN.L). 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 | ISLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.89 | -0.17 |
| Martin ratioReturn relative to average drawdown | 5.83 | 6.29 | -0.46 |
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 | ISLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.05 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.72 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.56 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.21 | +0.02 |
Drawdowns
SVR-C.TO vs. ISLN.L - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -61.14%, roughly equal to the maximum ISLN.L drawdown of -64.31%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and ISLN.L.
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Drawdown Indicators
| SVR-C.TO | ISLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -64.31% | +3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -41.54% | -39.69% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -41.54% | -39.69% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -39.69% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -39.69% | -1.85% |
Current DrawdownCurrent decline from peak | -35.92% | -34.29% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -35.58% | -41.62% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 18.25% | +1.05% |
Volatility
SVR-C.TO vs. ISLN.L - Volatility Comparison
The current volatility for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) is 16.01%, while iShares Physical Silver ETC (ISLN.L) has a volatility of 17.75%. This indicates that SVR-C.TO experiences smaller price fluctuations and is considered to be less risky than ISLN.L 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 | ISLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.01% | 17.75% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 55.45% | 53.28% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.72% | 55.82% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.57% | 34.15% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.57% | 29.76% | +3.81% |
SVR-C.TO vs. ISLN.L - Expense Ratio Comparison
SVR-C.TO has a 0.66% expense ratio, which is higher than ISLN.L's 0.20% expense ratio.
Dividends
SVR-C.TO vs. ISLN.L - Dividend Comparison
Neither SVR-C.TO nor ISLN.L has paid dividends to shareholders.
Frequently Asked Questions
SVR-C.TO and ISLN.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISLN.L is cheaper with a 0.20% expense ratio, compared with 0.66% for SVR-C.TO.
Both ETFs track LBMA Silver Price. Their fees differ too: 0.66% for SVR-C.TO and 0.20% for ISLN.L.
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