SVR-C.TO vs. KF

Last updated Jul 1, 2026

SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and KF (The Korea Fund Inc) are both funds - SVR-C.TO is a Silver fund tracking the LBMA Silver Price, while KF is a Emerging Markets Equities fund managed by Allianz Global Investors. Over the past 10 years, SVR-C.TO returned 12.54%/yr vs 17.85%/yr for KF. At a 0.13 correlation, their price movements are largely independent. SVR-C.TO charges 0.66%/yr vs 0.01%/yr for KF.

Performance

SVR-C.TO vs. KF - Performance Comparison

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

Different Trading Currencies

SVR-C.TO is traded in CAD, while KF is traded in USD. To make them comparable, the KF 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 KF's 114.85% return. Over the past 10 years, SVR-C.TO has underperformed KF with an annualized return of 12.54%, while KF has yielded a comparatively higher 17.85% annualized 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%

KF

• 1D: 3.44%
• 1M: 3.80%
• YTD: 114.85%
• 6M: 112.51%
• 1Y: 193.62%
• 3Y*: 53.45%
• 5Y*: 23.32%
• 10Y*: 17.85%

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

SVR-C.TO vs. KF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged)	-14.35%	132.91%	30.61%	-2.65%	9.69%	-13.03%	43.88%	9.28%	-2.35%	-2.30%
KF The Korea Fund Inc	114.85%	90.25%	-12.45%	9.67%	-25.59%	8.39%	33.89%	2.43%	-12.47%	32.86%

Correlation

The correlation between SVR-C.TO and KF is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012	0.13

The correlation between SVR-C.TO and KF shifts across timeframes, from 0.13 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SVR-C.TO vs. KF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

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

KF

KF Risk / Return Rank: 95
KF Sharpe Ratio Rank: 99
KF Sortino Ratio Rank: 89
KF Omega Ratio Rank: 90
KF Calmar Ratio Rank: 98
KF Martin Ratio Rank: 98

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.

SVR-C.TO vs. KF - 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 The Korea Fund Inc (KF). 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	KF	Difference
Sharpe ratio: Return per unit of total volatility	1.20	4.20	-2.99
Sortino ratio: Return per unit of downside risk	1.58	3.97	-2.40
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.35
Calmar ratio: Return relative to maximum drawdown	1.44	8.05	-6.61
Martin ratio: Return relative to average drawdown	3.11	27.62	-24.51

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

The current SVR-C.TO Sharpe Ratio is 1.20, which is lower than the KF Sharpe Ratio of 4.20. The chart below compares the historical Sharpe Ratios of SVR-C.TO and KF, 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

SVR-C.TO vs. KF - Drawdown Comparison

The maximum SVR-C.TO drawdown since its inception was -53.26%, smaller than the maximum KF drawdown of -68.84%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and KF.

Drawdown Indicators

	SVR-C.TO	KF	Difference
Max Drawdown Largest peak-to-trough decline	-53.26%	-68.84%	+15.58%
Max Drawdown (1Y) Largest decline over 1 year	-48.86%	-24.20%	-24.66%
Max Drawdown (3Y) Largest decline over 3 years	-48.86%	-24.76%	-24.10%
Max Drawdown (5Y) Largest decline over 5 years	-48.86%	-42.50%	-6.36%
Max Drawdown (10Y) Largest decline over 10 years	-48.86%	-45.51%	-3.35%
Current Drawdown Current decline from peak	-47.01%	-5.47%	-41.54%
Average Drawdown Average peak-to-trough decline	-28.94%	-19.94%	-9.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.60%	7.04%	+15.56%

Volatility

SVR-C.TO vs. KF - Volatility Comparison

The current volatility for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) is 15.32%, while The Korea Fund Inc (KF) has a volatility of 25.76%. This indicates that SVR-C.TO experiences smaller price fluctuations and is considered to be less risky than KF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVR-C.TO	KF	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	25.76%	-10.44%
Volatility (6M) Calculated over the trailing 6-month period	56.48%	43.23%	+13.25%
Volatility (1Y) Calculated over the trailing 1-year period	58.58%	46.45%	+12.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.84%	29.89%	+5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	27.49%	+4.24%

SVR-C.TO vs. KF - Expense Ratio Comparison

SVR-C.TO has a 0.66% expense ratio, which is higher than KF's 0.02% expense ratio.

Dividends

SVR-C.TO vs. KF - Dividend Comparison

SVR-C.TO has not paid dividends to shareholders, while KF's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KF The Korea Fund Inc	0.58%	1.20%	2.46%	0.00%	15.93%	26.50%	1.30%	0.24%	18.67%	9.75%	1.03%	13.66%
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 SVR-C.TO and KF in my portfolio?

SVR-C.TO and KF have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.