SVR-C.TO vs. SLVU.TO
SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and SLVU.TO (BetaPro Silver 2x Daily Bull ETF) are both Silver funds - SVR-C.TO tracks the LBMA Silver Price while SLVU.TO tracks the Solactive Silver Front Month MD Rolling Futures Index ER. Both are passively managed. Over the past 10 years, SVR-C.TO returned 16.32%/yr vs 7.42%/yr for SLVU.TO. A 0.70 correlation means they provide meaningful diversification when combined. SVR-C.TO charges 0.66%/yr vs 2.20%/yr for SLVU.TO.
Performance
SVR-C.TO vs. SLVU.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 SLVU.TO's -32.84% return. Over the past 10 years, SVR-C.TO has outperformed SLVU.TO with an annualized return of 16.32%, while SLVU.TO has yielded a comparatively lower 7.42% 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%
SLVU.TO
- 1D
- -5.36%
- 1M
- -2.10%
- YTD
- -32.84%
- 6M
- -7.57%
- 1Y
- 133.37%
- 3Y*
- 49.77%
- 5Y*
- 12.11%
- 10Y*
- 7.42%
SVR-C.TO vs. SLVU.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% |
SLVU.TO BetaPro Silver 2x Daily Bull ETF | -32.84% | 349.11% | 20.71% | -16.01% | -10.21% | -34.59% | 55.46% | 16.28% | -26.54% | 1.00% |
Correlation
The correlation between SVR-C.TO and SLVU.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 | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2011 | 0.70 |
Over the past year, SVR-C.TO and SLVU.TO have become more correlated (0.96) than their long-term average of 0.70, meaning their price movements have been converging.
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Return for Risk
SVR-C.TO vs. SLVU.TO — Risk / Return Rank
SVR-C.TO
SLVU.TO
SVR-C.TO vs. SLVU.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 BetaPro Silver 2x Daily Bull ETF (SLVU.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 | SLVU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.75 | +0.96 |
| Martin ratioReturn relative to average drawdown | 5.83 | 3.33 | +2.50 |
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 | SLVU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.14 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.17 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.11 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.01 | +0.24 |
Drawdowns
SVR-C.TO vs. SLVU.TO - Drawdown Comparison
The maximum SVR-C.TO drawdown since its inception was -61.14%, smaller than the maximum SLVU.TO drawdown of -98.60%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and SLVU.TO.
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Drawdown Indicators
| SVR-C.TO | SLVU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -98.60% | +37.46% |
Max Drawdown (1Y)Largest decline over 1 year | -41.54% | -76.62% | +35.08% |
Max Drawdown (3Y)Largest decline over 3 years | -41.54% | -76.62% | +35.08% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -76.62% | +35.08% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -80.27% | +38.73% |
Current DrawdownCurrent decline from peak | -35.92% | -90.63% | +54.71% |
Average DrawdownAverage peak-to-trough decline | -35.58% | -82.56% | +46.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 40.19% | -20.89% |
Volatility
SVR-C.TO vs. SLVU.TO - Volatility Comparison
The current volatility for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) is 16.01%, while BetaPro Silver 2x Daily Bull ETF (SLVU.TO) has a volatility of 34.08%. This indicates that SVR-C.TO experiences smaller price fluctuations and is considered to be less risky than SLVU.TO 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 | SLVU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.01% | 34.08% | -18.07% |
Volatility (6M)Calculated over the trailing 6-month period | 55.45% | 132.13% | -76.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.72% | 118.13% | -61.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.57% | 73.80% | -37.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.57% | 65.52% | -31.95% |
SVR-C.TO vs. SLVU.TO - Expense Ratio Comparison
SVR-C.TO has a 0.66% expense ratio, which is lower than SLVU.TO's 2.20% expense ratio.
Dividends
SVR-C.TO vs. SLVU.TO - Dividend Comparison
Neither SVR-C.TO nor SLVU.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SVR-C.TO and SLVU.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 2.20% for SLVU.TO.
SVR-C.TO tracks LBMA Silver Price, while SLVU.TO tracks Solactive Silver Front Month MD Rolling Futures Index ER. They also come from different issuers: iShares and Global X. Their fees differ too: 0.66% for SVR-C.TO and 2.20% for SLVU.TO.
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