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

SVR-C.TO vs. XIU.TO

Last updated Jun 4, 2026

SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - SVR-C.TO is a Silver fund tracking the LBMA Silver Price, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, SVR-C.TO returned 16.32%/yr vs 12.62%/yr for XIU.TO. At a 0.16 correlation, their price movements are largely independent. SVR-C.TO charges 0.66%/yr vs 0.18%/yr for XIU.TO.

Performance

SVR-C.TO vs. XIU.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 S&P/TSX 60 Index ETF (XIU.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 XIU.TO's 10.14% return. Over the past 10 years, SVR-C.TO has outperformed XIU.TO with an annualized return of 16.32%, while XIU.TO has yielded a comparatively lower 12.62% 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%

XIU.TO

1D
-0.87%
1M
3.47%
YTD
10.14%
6M
12.10%
1Y
31.65%
3Y*
22.48%
5Y*
14.37%
10Y*
12.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVR-C.TO vs. XIU.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%
XIU.TO
iShares S&P/TSX 60 Index ETF		10.14%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%

Correlation

The correlation between SVR-C.TO and XIU.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.27

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

0.22

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

0.17

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

0.16

The correlation between SVR-C.TO and XIU.TO shifts across timeframes, from 0.16 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

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iShares Silver Bullion ETF (Non-Hedged)

iShares S&P/TSX 60 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 XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO

Return for Risk

SVR-C.TO vs. XIU.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
XIU.TO
XIU.TO Risk / Return Rank: 8282
Overall Rank
XIU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 8787
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. XIU.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 S&P/TSX 60 Index ETF (XIU.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.TOXIU.TODifference
Sharpe ratioReturn per unit of total volatility
1.99
2.71

-0.72

Sortino ratioReturn per unit of downside risk
2.13
3.64

-1.50

Omega ratioGain probability vs. loss probability

1.36

1.49

-0.13

Calmar ratioReturn relative to maximum drawdown

2.72

4.16

-1.44

Martin ratioReturn relative to average drawdown

5.83

19.30

-13.47

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. XIU.TO - Sharpe Ratio Comparison

The current SVR-C.TO Sharpe Ratio is 1.99, which is comparable to the XIU.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of SVR-C.TO and XIU.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.TOXIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

2.71

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

1.13

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.85

-0.29

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.51

-0.28

Drawdowns

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

The maximum SVR-C.TO drawdown since its inception was -61.14%, which is greater than XIU.TO's maximum drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for SVR-C.TO and XIU.TO.

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Drawdown Indicators

SVR-C.TOXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.14%

-52.31%

-8.83%

Max Drawdown (1Y)

Largest decline over 1 year

-41.54%

-7.65%

-33.89%

Max Drawdown (3Y)

Largest decline over 3 years

-41.54%

-12.36%

-29.18%

Max Drawdown (5Y)

Largest decline over 5 years

-41.54%

-16.36%

-25.18%

Max Drawdown (10Y)

Largest decline over 10 years

-41.54%

-35.46%

-6.08%

Current Drawdown

Current decline from peak

-35.92%

-0.87%

-35.05%

Average Drawdown

Average peak-to-trough decline

-35.58%

-11.63%

-23.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.30%

1.64%

+17.66%

Volatility

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

iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) has a higher volatility of 16.01% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.28%. This indicates that SVR-C.TO's price experiences larger fluctuations and is considered to be riskier than XIU.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.TOXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.01%

3.28%

+12.73%

Volatility (6M)

Calculated over the trailing 6-month period

55.45%

9.32%

+46.13%

Volatility (1Y)

Calculated over the trailing 1-year period

56.72%

11.73%

+44.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.57%

12.78%

+23.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.57%

15.01%

+18.56%

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

SVR-C.TO has a 0.66% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.

Dividends

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

SVR-C.TO has not paid dividends to shareholders, while XIU.TO's dividend yield for the trailing twelve months is around 2.20%.

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%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.20%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

SVR-C.TO and XIU.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.66% for SVR-C.TO.

SVR-C.TO is categorized as Silver, while XIU.TO is Canada Equities. SVR-C.TO tracks LBMA Silver Price, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.66% for SVR-C.TO and 0.18% for XIU.TO.

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