SVR.TO vs. HUZ.TO

Last updated Jun 4, 2026

SVR.TO (iShares Silver Bullion ETF) and HUZ.TO (Global X Silver ETF) are both Silver funds - SVR.TO tracks the LBMA Silver Price while HUZ.TO tracks the Solactive Silver Front Month MD Rolling Futures Index. Both are passively managed. Over the past 10 years, SVR.TO returned 13.89%/yr vs 12.04%/yr for HUZ.TO. Their correlation of 0.85 suggests significant overlap in exposure. SVR.TO charges 0.66%/yr vs 1.18%/yr for HUZ.TO.

Performance

SVR.TO vs. HUZ.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, SVR.TO achieves a 1.77% return, which is significantly lower than HUZ.TO's 2.35% return. Over the past 10 years, SVR.TO has outperformed HUZ.TO with an annualized return of 13.89%, while HUZ.TO has yielded a comparatively lower 12.04% annualized return.

SVR.TO

• 1D: -2.67%
• 1M: 0.39%
• YTD: 1.77%
• 6M: 23.49%
• 1Y: 103.85%
• 3Y*: 42.79%
• 5Y*: 19.02%
• 10Y*: 13.89%

HUZ.TO

• 1D: -2.50%
• 1M: 0.23%
• YTD: 2.35%
• 6M: 22.30%
• 1Y: 101.00%
• 3Y*: 40.00%
• 5Y*: 17.25%
• 10Y*: 12.04%

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

SVR.TO vs. HUZ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVR.TO iShares Silver Bullion ETF	1.77%	140.56%	18.71%	-0.94%	0.09%	-13.03%	42.96%	12.77%	-9.50%	4.40%
HUZ.TO Global X Silver ETF	2.35%	129.20%	18.72%	-3.75%	1.17%	-15.10%	39.27%	12.48%	-11.38%	2.96%

Correlation

The correlation between SVR.TO and HUZ.TO is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009	0.85

The correlation between SVR.TO and HUZ.TO shifts across timeframes, from 0.85 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SVR.TO vs. HUZ.TO — 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: 45
SVR.TO Sharpe Ratio Rank: 52
SVR.TO Sortino Ratio Rank: 39
SVR.TO Omega Ratio Rank: 54
SVR.TO Calmar Ratio Rank: 49
SVR.TO Martin Ratio Rank: 34

HUZ.TO

HUZ.TO Risk / Return Rank: 45
HUZ.TO Sharpe Ratio Rank: 51
HUZ.TO Sortino Ratio Rank: 38
HUZ.TO Omega Ratio Rank: 54
HUZ.TO Calmar Ratio Rank: 48
HUZ.TO Martin Ratio Rank: 34

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. HUZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and Global X Silver ETF (HUZ.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.TO	HUZ.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.72	+0.09
Sortino ratio: Return per unit of downside risk	2.04	1.95	+0.08
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	2.45	2.36	+0.09
Martin ratio: Return relative to average drawdown	5.25	5.07	+0.18
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.TO vs. HUZ.TO - Sharpe Ratio Comparison

The current SVR.TO Sharpe Ratio is 1.81, which is comparable to the HUZ.TO Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SVR.TO and HUZ.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.

Sharpe Ratios by Period

	SVR.TO	HUZ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.72	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.47	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.36	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.21	+0.06

Drawdowns

SVR.TO vs. HUZ.TO - Drawdown Comparison

The maximum SVR.TO drawdown since its inception was -77.85%, roughly equal to the maximum HUZ.TO drawdown of -81.06%. Use the drawdown chart below to compare losses from any high point for SVR.TO and HUZ.TO.

Drawdown Indicators

	SVR.TO	HUZ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.85%	-81.06%	+3.21%
Max Drawdown (1Y) Largest decline over 1 year	-42.63%	-43.11%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-42.63%	-43.11%	+0.48%
Max Drawdown (5Y) Largest decline over 5 years	-42.63%	-43.11%	+0.48%
Max Drawdown (10Y) Largest decline over 10 years	-45.52%	-48.84%	+3.32%
Current Drawdown Current decline from peak	-37.64%	-38.13%	+0.49%
Average Drawdown Average peak-to-trough decline	-50.35%	-54.91%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.85%	19.99%	-0.14%

Volatility

SVR.TO vs. HUZ.TO - Volatility Comparison

iShares Silver Bullion ETF (SVR.TO) and Global X Silver ETF (HUZ.TO) have volatilities of 16.51% and 16.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVR.TO	HUZ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.51%	16.29%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	56.28%	58.22%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	57.68%	58.94%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.45%	37.28%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.51%	33.24%	-0.73%

SVR.TO vs. HUZ.TO - Expense Ratio Comparison

SVR.TO has a 0.66% expense ratio, which is lower than HUZ.TO's 1.18% expense ratio.

Dividends

SVR.TO vs. HUZ.TO - Dividend Comparison

Neither SVR.TO nor HUZ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SVR.TO and HUZ.TO in my portfolio?

With a correlation of 0.98, SVR.TO and HUZ.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.

Which ETF is better, SVR.TO or HUZ.TO?

On fees, SVR.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SVR.TO or HUZ.TO?

SVR.TO is cheaper with a 0.66% expense ratio, compared with 1.18% for HUZ.TO.

What is the main difference between SVR.TO and HUZ.TO?

SVR.TO tracks LBMA Silver Price, while HUZ.TO tracks Solactive Silver Front Month MD Rolling Futures Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.66% for SVR.TO and 1.18% for HUZ.TO.