SVR.TO vs. SSLN.L
SVR.TO (iShares Silver Bullion ETF) and SSLN.L (iShares Physical Silver ETC) are both Silver funds from iShares tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SVR.TO returned 9.85%/yr vs 12.57%/yr for SSLN.L. A 0.73 correlation means they provide meaningful diversification when combined. SVR.TO charges 0.66%/yr vs 0.20%/yr for SSLN.L.
Performance
SVR.TO vs. SSLN.L - Performance Comparison
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Different Trading Currencies
SVR.TO is traded in CAD, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L 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 SSLN.L's -13.58% return. Over the past 10 years, SVR.TO has underperformed SSLN.L with an annualized return of 9.85%, while SSLN.L has yielded a comparatively higher 12.57% 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%
SSLN.L
- 1D
- 3.13%
- 1M
- -18.81%
- YTD
- -13.58%
- 6M
- -18.81%
- 1Y
- 71.54%
- 3Y*
- 40.95%
- 5Y*
- 21.14%
- 10Y*
- 12.57%
SVR.TO vs. SSLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSLN.L iShares Physical Silver ETC | -13.58% | 136.33% | 31.41% | -3.60% | 9.93% | -12.67% | 41.91% | 12.37% | -1.28% | -3.61% |
Correlation
The correlation between SVR.TO and SSLN.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.73 |
The correlation between SVR.TO and SSLN.L has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
SVR.TO vs. SSLN.L — Risk / Return Rank
SVR.TO
SSLN.L
SVR.TO vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and iShares Physical Silver ETC (SSLN.L). 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 | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.51 | -0.41 |
| Martin ratioReturn relative to average drawdown | 2.44 | 3.32 | -0.88 |
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Drawdowns
SVR.TO vs. SSLN.L - Drawdown Comparison
The maximum SVR.TO drawdown since its inception was -77.85%, roughly equal to the maximum SSLN.L drawdown of -74.83%. Use the drawdown chart below to compare losses from any high point for SVR.TO and SSLN.L.
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Drawdown Indicators
| SVR.TO | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -74.83% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -52.12% | -47.05% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -52.12% | -47.05% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -52.12% | -47.05% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -52.12% | -47.05% | -5.07% |
Current DrawdownCurrent decline from peak | -50.07% | -45.39% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -51.37% | -56.19% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.41% | 21.48% | +1.93% |
Volatility
SVR.TO vs. SSLN.L - Volatility Comparison
iShares Silver Bullion ETF (SVR.TO) has a higher volatility of 16.33% compared to iShares Physical Silver ETC (SSLN.L) at 15.23%. This indicates that SVR.TO's price experiences larger fluctuations and is considered to be riskier than SSLN.L 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 | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.33% | 15.23% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 57.58% | 53.93% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.68% | 56.99% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.68% | 38.39% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.52% | 32.68% | -0.16% |
SVR.TO vs. SSLN.L - Expense Ratio Comparison
SVR.TO has a 0.66% expense ratio, which is higher than SSLN.L's 0.20% expense ratio.
Dividends
SVR.TO vs. SSLN.L - Dividend Comparison
Neither SVR.TO nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
SVR.TO and SSLN.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.66% for SVR.TO.
Both ETFs track LBMA Silver Price. Their fees differ too: 0.66% for SVR.TO and 0.20% for SSLN.L.
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