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SVR-C.TO vs. XIC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVR-C.TO vs. XIC.TO

Last updated Jun 4, 2026

SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - SVR-C.TO is a Silver fund tracking the LBMA Silver Price, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Both are passively managed. Over the past 10 years, SVR-C.TO returned 16.32%/yr vs 12.48%/yr for XIC.TO. At a 0.20 correlation, their price movements are largely independent. SVR-C.TO charges 0.66%/yr vs 0.06%/yr for XIC.TO.

Performance

SVR-C.TO vs. XIC.TO - 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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SVR-C.TO achieves a 3.58% return, which is significantly lower than XIC.TO's 10.75% return. Over the past 10 years, SVR-C.TO has outperformed XIC.TO with an annualized return of 16.32%, while XIC.TO has yielded a comparatively lower 12.48% 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%

XIC.TO

1D
-1.05%
1M
3.59%
YTD
10.75%
6M
12.90%
1Y
34.79%
3Y*
23.62%
5Y*
14.60%
10Y*
12.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		10.75%31.51%21.48%11.73%-5.82%23.42%5.61%22.76%-8.72%8.99%

Correlation

The correlation between SVR-C.TO and XIC.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2011

0.20

Over the past year, SVR-C.TO and XIC.TO have become more correlated (0.44) than their long-term average of 0.20, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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iShares Silver Bullion ETF (Non-Hedged)

iShares Core S&P/TSX Capped Composite Index ETF

Often compared with SVR-C.TO:
SVR-C.TO vs. SVR.TOSVR-C.TO vs. PSLV.TOSVR-C.TO vs. MNS.TOSVR-C.TO vs. SBT.TOSVR-C.TO vs. HUG.TOSVR-C.TO vs. CGL.TOSVR-C.TO vs. GDX
Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. VO

Return for Risk

SVR-C.TO vs. XIC.TO — 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: 5050
Overall Rank
SVR-C.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SVR-C.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
SVR-C.TO Omega Ratio Rank: 5858
Omega Ratio Rank
SVR-C.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
SVR-C.TO Martin Ratio Rank: 3737
Martin Ratio Rank
XIC.TO
XIC.TO Risk / Return Rank: 8080
Overall Rank
XIC.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8181
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8383
Martin Ratio Rank
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. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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.TOXIC.TODifference
Sharpe ratioReturn per unit of total volatility
1.99
2.76

-0.77

Sortino ratioReturn per unit of downside risk
2.13
3.57

-1.43

Omega ratioGain probability vs. loss probability

1.36

1.50

-0.14

Calmar ratioReturn relative to maximum drawdown

2.72

3.76

-1.05

Martin ratioReturn relative to average drawdown

5.83

17.44

-11.61

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SVR-C.TO Sharpe Ratio is 1.99, which is comparable to the XIC.TO Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of SVR-C.TO and XIC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SVR-C.TOXIC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

2.76

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

1.12

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.84

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.54

-0.31

Drawdowns

SVR-C.TO vs. XIC.TO - Drawdown Comparison

The maximum SVR-C.TO drawdown since its inception was -61.14%, which is greater than XIC.TO's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and XIC.TO.

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Drawdown Indicators

SVR-C.TOXIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.14%

-48.21%

-12.93%

Max Drawdown (1Y)

Largest decline over 1 year

-41.54%

-9.29%

-32.25%

Max Drawdown (3Y)

Largest decline over 3 years

-41.54%

-12.27%

-29.27%

Max Drawdown (5Y)

Largest decline over 5 years

-41.54%

-16.24%

-25.30%

Max Drawdown (10Y)

Largest decline over 10 years

-41.54%

-37.21%

-4.33%

Current Drawdown

Current decline from peak

-35.92%

-1.05%

-34.87%

Average Drawdown

Average peak-to-trough decline

-35.58%

-7.04%

-28.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.30%

2.00%

+17.30%

Volatility

SVR-C.TO vs. XIC.TO - Volatility Comparison

iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) has a higher volatility of 16.01% compared to iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) at 3.48%. This indicates that SVR-C.TO's price experiences larger fluctuations and is considered to be riskier than XIC.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.TOXIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.01%

3.48%

+12.53%

Volatility (6M)

Calculated over the trailing 6-month period

55.45%

10.33%

+45.12%

Volatility (1Y)

Calculated over the trailing 1-year period

56.72%

12.67%

+44.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.57%

13.13%

+23.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.57%

14.96%

+18.61%

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

SVR-C.TO has a 0.66% expense ratio, which is higher than XIC.TO's 0.06% expense ratio.

Dividends

SVR-C.TO vs. XIC.TO - Dividend Comparison

SVR-C.TO has not paid dividends to shareholders, while XIC.TO's dividend yield for the trailing twelve months is around 2.02%.

PositionTTM20252024202320222021202020192018201720162015
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%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.02%2.23%2.64%2.95%3.10%2.44%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

SVR-C.TO and XIC.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.66% for SVR-C.TO.

SVR-C.TO is categorized as Silver, while XIC.TO is Canada Equities. SVR-C.TO tracks LBMA Silver Price, while XIC.TO tracks S&P/TSX Capped Composite Index. Their fees differ too: 0.66% for SVR-C.TO and 0.06% for XIC.TO.

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