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SVR.TO vs. HL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVR.TO vs. HL

Last updated Jul 1, 2026
See Documentation

SVR.TO (iShares Silver Bullion ETF) is Silver fund tracking the LBMA Silver Price, while HL (Hecla Mining Company) is a stock. Over the past 10 years, SVR.TO returned 9.85%/yr vs 12.48%/yr for HL. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

SVR.TO vs. HL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Silver Bullion ETF (SVR.TO) and Hecla Mining Company (HL). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SVR.TO is traded in CAD, while HL is traded in USD. To make them comparable, the HL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SVR.TO achieves a -18.52% return, which is significantly lower than HL's -16.54% return. Over the past 10 years, SVR.TO has underperformed HL with an annualized return of 9.85%, while HL has yielded a comparatively higher 12.48% annualized return.

SVR.TO

1D
1.57%
1M
-22.68%
YTD
-18.52%
6M
-23.61%
1Y
56.98%
3Y*
34.19%
5Y*
15.24%
10Y*
9.85%

HL

1D
0.33%
1M
-10.48%
YTD
-16.54%
6M
-17.78%
1Y
167.84%
3Y*
48.19%
5Y*
19.58%
10Y*
12.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVR.TO vs. HL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SVR.TO
iShares Silver Bullion ETF		-18.52%140.56%18.71%-0.94%0.09%-13.03%42.96%12.77%-9.50%4.40%
HL
Hecla Mining Company		-16.54%273.82%11.53%-15.00%13.77%-19.01%87.28%38.48%-35.35%-29.22%

Correlation

The correlation between SVR.TO and HL is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.64

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

0.65

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

0.65

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

0.60

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2009

0.59

The correlation between SVR.TO and HL has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Silver Bullion ETF

Hecla Mining Company

Often compared with SVR.TO:
SVR.TO vs. SLVSVR.TO vs. PSLV.TOSVR.TO vs. PSLVSVR.TO vs. SBT.TOSVR.TO vs. SVR-C.TOSVR.TO vs. CGL.TOSVR.TO vs. MNS.TO
Often compared with HL:
HL vs. AGHL vs. WPMHL vs. SILHL vs. FRES.LHL vs. ASMHL vs. GDXHL vs. UAMY

Return for Risk

SVR.TO vs. HL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SVR.TO
SVR.TO Risk / Return Rank: 2828
Overall Rank
SVR.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
SVR.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
SVR.TO Omega Ratio Rank: 3636
Omega Ratio Rank
SVR.TO Calmar Ratio Rank: 2525
Calmar Ratio Rank
SVR.TO Martin Ratio Rank: 2222
Martin Ratio Rank
HL
HL Risk / Return Rank: 8585
Overall Rank
HL Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HL Sortino Ratio Rank: 8787
Sortino Ratio Rank
HL Omega Ratio Rank: 8484
Omega Ratio Rank
HL Calmar Ratio Rank: 8484
Calmar Ratio Rank
HL Martin Ratio Rank: 8080
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.TO vs. HL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and Hecla Mining Company (HL). 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.TOHLDifference
Sharpe ratioReturn per unit of total volatility
0.96
2.30

-1.34

Sortino ratioReturn per unit of downside risk
1.39
2.70

-1.31

Omega ratioGain probability vs. loss probability

1.22

1.34

-0.11

Calmar ratioReturn relative to maximum drawdown

1.10

3.06

-1.96

Martin ratioReturn relative to average drawdown

2.44

6.27

-3.83

SVR.TO vs. HL - Sharpe Ratio Comparison

The current SVR.TO Sharpe Ratio is 0.96, which is lower than the HL Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SVR.TO and HL, 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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Drawdowns

SVR.TO vs. HL - Drawdown Comparison

The maximum SVR.TO drawdown since its inception was -77.85%, smaller than the maximum HL drawdown of -90.10%. Use the drawdown chart below to compare losses from any high point for SVR.TO and HL.

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Drawdown Indicators

SVR.TOHLDifference

Max Drawdown

Largest peak-to-trough decline

-77.85%

-90.10%

+12.25%

Max Drawdown (1Y)

Largest decline over 1 year

-52.12%

-55.27%

+3.15%

Max Drawdown (3Y)

Largest decline over 3 years

-52.12%

-55.27%

+3.15%

Max Drawdown (5Y)

Largest decline over 5 years

-52.12%

-55.27%

+3.15%

Max Drawdown (10Y)

Largest decline over 10 years

-52.12%

-82.26%

+30.14%

Current Drawdown

Current decline from peak

-50.07%

-49.98%

-0.09%

Average Drawdown

Average peak-to-trough decline

-51.37%

-50.35%

-1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

23.41%

26.87%

-3.46%

Volatility

SVR.TO vs. HL - Volatility Comparison

The current volatility for iShares Silver Bullion ETF (SVR.TO) is 16.33%, while Hecla Mining Company (HL) has a volatility of 21.38%. This indicates that SVR.TO experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SVR.TOHLDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.33%

21.38%

-5.05%

Volatility (6M)

Calculated over the trailing 6-month period

57.58%

54.84%

+2.74%

Volatility (1Y)

Calculated over the trailing 1-year period

59.68%

73.44%

-13.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.68%

59.69%

-23.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.52%

63.16%

-30.64%

Dividends

SVR.TO vs. HL - Dividend Comparison

SVR.TO has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.10%.

PositionTTM20252024202320222021202020192018201720162015
HL
Hecla Mining Company		0.10%0.08%0.81%0.65%0.40%0.72%0.25%0.29%0.42%0.25%0.19%0.53%
SVR.TO
iShares Silver Bullion ETF		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

SVR.TO and HL have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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