V vs. SLV

Last updated Jun 13, 2026

V (Visa Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, V returned 15.98%/yr vs 13.99%/yr for SLV. At a 0.09 correlation, their price movements are largely independent.

Performance

V vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V achieves a -7.69% return, which is significantly lower than SLV's -4.86% return. Over the past 10 years, V has outperformed SLV with an annualized return of 15.98%, while SLV has yielded a comparatively lower 13.99% annualized return.

V

• 1D: 1.05%
• 1M: -1.03%
• YTD: -7.69%
• 6M: -6.93%
• 1Y: -7.91%
• 3Y*: 13.87%
• 5Y*: 7.33%
• 10Y*: 15.98%

SLV

• 1D: 0.77%
• 1M: -11.23%
• YTD: -4.86%
• 6M: 9.25%
• 1Y: 85.90%
• 3Y*: 41.27%
• 5Y*: 18.83%
• 10Y*: 13.99%

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

V vs. SLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-7.69%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
SLV iShares Silver Trust	-4.86%	144.66%	20.89%	-1.09%	2.37%	-12.45%	47.30%	14.88%	-9.19%	5.82%

Correlation

The correlation between V and SLV is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.09

Return for Risk

V vs. SLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

SLV

SLV Risk / Return Rank: 42
SLV Sharpe Ratio Rank: 47
SLV Sortino Ratio Rank: 38
SLV Omega Ratio Rank: 53
SLV Calmar Ratio Rank: 43
SLV Martin Ratio Rank: 32

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.

V vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) and iShares Silver Trust (SLV). 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.

	V	SLV	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	1.44	-2.00
Sortino ratio: Return per unit of downside risk	-0.68	1.76	-2.44
Omega ratio: Gain probability vs. loss probability	0.92	1.29	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.73	1.89	-2.62
Martin ratio: Return relative to average drawdown	-1.57	4.10	-5.67

V vs. SLV - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.56, which is lower than the SLV Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of V and SLV, 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

V vs. SLV - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for V and SLV.

Drawdown Indicators

	V	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-76.28%	+24.38%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-45.40%	+28.22%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-45.40%	+25.02%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-45.40%	+16.80%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-45.40%	+9.04%
Current Drawdown Current decline from peak	-12.96%	-41.96%	+29.00%
Average Drawdown Average peak-to-trough decline	-8.26%	-44.66%	+36.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	20.88%	-10.15%

Volatility

V vs. SLV - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.57%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that V experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	16.34%	-10.77%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	59.10%	-41.53%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	59.82%	-37.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	36.46%	-13.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	32.00%	-7.55%

Dividends

V vs. SLV - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, while SLV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and SLV in my portfolio?

V and SLV have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or SLV?

SLV has higher volatility (16.34%) compared to V (5.57%). In terms of maximum drawdown, V dropped -51.90% vs SLV's -76.28%.

Which has better risk-adjusted returns?

SLV currently has the higher Sharpe Ratio (1.44 vs -0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.