SVR.TO vs. PSLV
SVR.TO (iShares Silver Bullion ETF) and PSLV (Sprott Physical Silver Trust) are both Silver funds - SVR.TO tracks the LBMA Silver Price while PSLV tracks the No Index (Physical Silver). Both are passively managed. Over the past 10 years, SVR.TO returned 10.99%/yr vs 12.17%/yr for PSLV. Their correlation of 0.82 suggests significant overlap in exposure. SVR.TO charges 0.66%/yr vs 0.51%/yr for PSLV.
Performance
SVR.TO vs. PSLV - Performance Comparison
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Different Trading Currencies
SVR.TO is traded in CAD, while PSLV is traded in USD. To make them comparable, the PSLV values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SVR.TO having a -14.79% return and PSLV slightly lower at -15.02%. Over the past 10 years, SVR.TO has underperformed PSLV with an annualized return of 10.99%, while PSLV has yielded a comparatively higher 12.17% annualized return.
SVR.TO
- 1D
- -5.75%
- 1M
- -19.00%
- YTD
- -14.79%
- 6M
- -15.47%
- 1Y
- 64.16%
- 3Y*
- 36.86%
- 5Y*
- 16.45%
- 10Y*
- 10.99%
PSLV
- 1D
- -5.78%
- 1M
- -17.58%
- YTD
- -15.02%
- 6M
- -15.67%
- 1Y
- 63.53%
- 3Y*
- 39.82%
- 5Y*
- 19.32%
- 10Y*
- 12.17%
SVR.TO vs. PSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVR.TO iShares Silver Bullion ETF | -14.79% | 140.56% | 18.71% | -0.94% | 0.09% | -13.03% | 42.96% | 12.77% | -9.50% | 4.40% |
PSLV Sprott Physical Silver Trust | -15.02% | 133.89% | 29.54% | -4.27% | 9.25% | -14.18% | 39.42% | 12.17% | -4.42% | -2.78% |
Correlation
The correlation between SVR.TO and PSLV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2010 | 0.82 |
The correlation between SVR.TO and PSLV has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
SVR.TO vs. PSLV — Risk / Return Rank
SVR.TO
PSLV
SVR.TO vs. PSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and Sprott Physical Silver Trust (PSLV). 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.TO | PSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.44 | -0.09 |
| Martin ratioReturn relative to average drawdown | 2.89 | 3.18 | -0.29 |
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Drawdowns
SVR.TO vs. PSLV - Drawdown Comparison
The maximum SVR.TO drawdown since its inception was -77.85%, which is greater than PSLV's maximum drawdown of -69.55%. Use the drawdown chart below to compare losses from any high point for SVR.TO and PSLV.
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Drawdown Indicators
| SVR.TO | PSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -69.55% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -47.79% | -44.30% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -47.79% | -44.30% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -47.79% | -44.30% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -47.79% | -44.30% | -3.49% |
Current DrawdownCurrent decline from peak | -47.79% | -44.30% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -51.37% | -47.88% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.29% | 20.03% | +2.26% |
Volatility
SVR.TO vs. PSLV - Volatility Comparison
The current volatility for iShares Silver Bullion ETF (SVR.TO) is 14.05%, while Sprott Physical Silver Trust (PSLV) has a volatility of 15.00%. This indicates that SVR.TO experiences smaller price fluctuations and is considered to be less risky than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVR.TO | PSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.05% | 15.00% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 57.17% | 58.28% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.05% | 59.74% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.46% | 36.44% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 31.94% | +0.49% |
SVR.TO vs. PSLV - Expense Ratio Comparison
SVR.TO has a 0.66% expense ratio, which is higher than PSLV's 0.51% expense ratio.
Dividends
SVR.TO vs. PSLV - Dividend Comparison
Neither SVR.TO nor PSLV has paid dividends to shareholders.
Frequently Asked Questions
SVR.TO and PSLV have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSLV is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSLV is cheaper with a 0.51% expense ratio, compared with 0.66% for SVR.TO.
SVR.TO tracks LBMA Silver Price, while PSLV tracks No Index (Physical Silver). They also come from different issuers: iShares and Sprott. Their fees differ too: 0.66% for SVR.TO and 0.51% for PSLV.
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