SVR.TO vs. SLVU.TO
SVR.TO (iShares Silver Bullion ETF) and SLVU.TO (BetaPro Silver 2x Daily Bull ETF) are both Silver funds - SVR.TO tracks the LBMA Silver Price while SLVU.TO tracks the Solactive Silver Front Month MD Rolling Futures Index ER. Both are passively managed. Over the past 10 years, SVR.TO returned 13.89%/yr vs 7.42%/yr for SLVU.TO. Their correlation of 0.90 suggests significant overlap in exposure. SVR.TO charges 0.66%/yr vs 2.20%/yr for SLVU.TO.
Performance
SVR.TO vs. SLVU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SVR.TO achieves a 1.77% return, which is significantly higher than SLVU.TO's -32.84% return. Over the past 10 years, SVR.TO has outperformed SLVU.TO with an annualized return of 13.89%, while SLVU.TO has yielded a comparatively lower 7.42% 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%
SLVU.TO
- 1D
- -5.36%
- 1M
- -2.10%
- YTD
- -32.84%
- 6M
- -7.57%
- 1Y
- 133.37%
- 3Y*
- 49.77%
- 5Y*
- 12.11%
- 10Y*
- 7.42%
SVR.TO vs. SLVU.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% |
SLVU.TO BetaPro Silver 2x Daily Bull ETF | -32.84% | 349.11% | 20.71% | -16.01% | -10.21% | -34.59% | 55.46% | 16.28% | -26.54% | 1.00% |
Correlation
The correlation between SVR.TO and SLVU.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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | 0.90 |
The correlation between SVR.TO and SLVU.TO has been stable across timeframes, ranging from 0.90 to 0.98 - a consistent structural relationship.
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Return for Risk
SVR.TO vs. SLVU.TO — Risk / Return Rank
SVR.TO
SLVU.TO
SVR.TO vs. SLVU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and BetaPro Silver 2x Daily Bull ETF (SLVU.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 | SLVU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.75 | +0.70 |
| Martin ratioReturn relative to average drawdown | 5.25 | 3.33 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVR.TO | SLVU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.14 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.17 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.11 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.01 | +0.28 |
Drawdowns
SVR.TO vs. SLVU.TO - Drawdown Comparison
The maximum SVR.TO drawdown since its inception was -77.85%, smaller than the maximum SLVU.TO drawdown of -98.60%. Use the drawdown chart below to compare losses from any high point for SVR.TO and SLVU.TO.
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Drawdown Indicators
| SVR.TO | SLVU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -98.60% | +20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -42.63% | -76.62% | +33.99% |
Max Drawdown (3Y)Largest decline over 3 years | -42.63% | -76.62% | +33.99% |
Max Drawdown (5Y)Largest decline over 5 years | -42.63% | -76.62% | +33.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.52% | -80.27% | +34.75% |
Current DrawdownCurrent decline from peak | -37.64% | -90.63% | +52.99% |
Average DrawdownAverage peak-to-trough decline | -50.35% | -82.56% | +32.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.85% | 40.19% | -20.34% |
Volatility
SVR.TO vs. SLVU.TO - Volatility Comparison
The current volatility for iShares Silver Bullion ETF (SVR.TO) is 16.51%, while BetaPro Silver 2x Daily Bull ETF (SLVU.TO) has a volatility of 34.08%. This indicates that SVR.TO experiences smaller price fluctuations and is considered to be less risky than SLVU.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.TO | SLVU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.51% | 34.08% | -17.57% |
Volatility (6M)Calculated over the trailing 6-month period | 56.28% | 132.13% | -75.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.68% | 118.13% | -60.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.45% | 73.80% | -37.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.51% | 65.52% | -33.01% |
SVR.TO vs. SLVU.TO - Expense Ratio Comparison
SVR.TO has a 0.66% expense ratio, which is lower than SLVU.TO's 2.20% expense ratio.
Dividends
SVR.TO vs. SLVU.TO - Dividend Comparison
Neither SVR.TO nor SLVU.TO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SVR.TO and SLVU.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.
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.
SVR.TO is cheaper with a 0.66% expense ratio, compared with 2.20% for SLVU.TO.
SVR.TO tracks LBMA Silver Price, while SLVU.TO tracks Solactive Silver Front Month MD Rolling Futures Index ER. They also come from different issuers: iShares and Global X. Their fees differ too: 0.66% for SVR.TO and 2.20% for SLVU.TO.
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