SVR.TO vs. SIVR

Last updated Jun 24, 2026

SVR.TO (iShares Silver Bullion ETF) and SIVR (abrdn Physical Silver Shares ETF) are both Silver funds - SVR.TO tracks the LBMA Silver Price while SIVR tracks the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, SVR.TO returned 10.99%/yr vs 14.03%/yr for SIVR. Their correlation of 0.84 suggests significant overlap in exposure. SVR.TO charges 0.66%/yr vs 0.30%/yr for SIVR.

Performance

SVR.TO vs. SIVR - Performance Comparison

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

Different Trading Currencies

SVR.TO is traded in CAD, while SIVR is traded in USD. To make them comparable, the SIVR 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 -14.79% return, which is significantly lower than SIVR's -10.46% return. Over the past 10 years, SVR.TO has underperformed SIVR with an annualized return of 10.99%, while SIVR has yielded a comparatively higher 14.03% 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%

SIVR

• 1D: -5.52%
• 1M: -16.17%
• YTD: -10.46%
• 6M: -11.39%
• 1Y: 74.62%
• 3Y*: 43.17%
• 5Y*: 21.91%
• 10Y*: 14.03%

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

SVR.TO vs. SIVR - 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%
SIVR abrdn Physical Silver Shares ETF	-10.46%	134.14%	31.33%	-3.27%	9.09%	-12.37%	44.02%	10.42%	-1.31%	-1.21%

Correlation

The correlation between SVR.TO and SIVR is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 29, 2009	0.84

The correlation between SVR.TO and SIVR has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

SVR.TO vs. SIVR — 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: 30
SVR.TO Sharpe Ratio Rank: 31
SVR.TO Sortino Ratio Rank: 29
SVR.TO Omega Ratio Rank: 38
SVR.TO Calmar Ratio Rank: 28
SVR.TO Martin Ratio Rank: 23

SIVR

SIVR Risk / Return Rank: 32
SIVR Sharpe Ratio Rank: 33
SIVR Sortino Ratio Rank: 30
SIVR Omega Ratio Rank: 40
SIVR Calmar Ratio Rank: 31
SIVR Martin Ratio Rank: 25

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. SIVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and abrdn Physical Silver Shares ETF (SIVR). 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	SIVR	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.25	-0.16
Sortino ratio: Return per unit of downside risk	1.51	1.62	-0.11
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	1.35	1.67	-0.32
Martin ratio: Return relative to average drawdown	2.89	3.50	-0.61

SVR.TO vs. SIVR - Sharpe Ratio Comparison

The current SVR.TO Sharpe Ratio is 1.09, which is comparable to the SIVR Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SVR.TO and SIVR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SVR.TO vs. SIVR - Drawdown Comparison

The maximum SVR.TO drawdown since its inception was -77.85%, which is greater than SIVR's maximum drawdown of -63.83%. Use the drawdown chart below to compare losses from any high point for SVR.TO and SIVR.

Drawdown Indicators

	SVR.TO	SIVR	Difference
Max Drawdown Largest peak-to-trough decline	-77.85%	-63.83%	-14.02%
Max Drawdown (1Y) Largest decline over 1 year	-47.79%	-44.96%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-47.79%	-44.96%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-47.79%	-44.96%	-2.83%
Max Drawdown (10Y) Largest decline over 10 years	-47.79%	-44.96%	-2.83%
Current Drawdown Current decline from peak	-47.79%	-44.96%	-2.83%
Average Drawdown Average peak-to-trough decline	-51.37%	-36.61%	-14.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.29%	21.40%	+0.89%

Volatility

SVR.TO vs. SIVR - Volatility Comparison

iShares Silver Bullion ETF (SVR.TO) and abrdn Physical Silver Shares ETF (SIVR) have volatilities of 14.05% and 14.42%, 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	SIVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.05%	14.42%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	57.17%	59.11%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	59.05%	59.98%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.46%	36.99%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.43%	32.70%	-0.27%

SVR.TO vs. SIVR - Expense Ratio Comparison

SVR.TO has a 0.66% expense ratio, which is higher than SIVR's 0.30% expense ratio.

Dividends

SVR.TO vs. SIVR - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.91, SVR.TO and SIVR 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 SIVR?

On fees, SIVR is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SVR.TO or SIVR?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.66% for SVR.TO.

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

SVR.TO tracks LBMA Silver Price, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: iShares and abrdn. Their fees differ too: 0.66% for SVR.TO and 0.30% for SIVR.