VWO vs. SIVR
VWO (Vanguard FTSE Emerging Markets ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, VWO returned 7.65%/yr vs 11.14%/yr for SIVR. Their 0.34 correlation means their historical movements had little consistent relationship. VWO charges 0.08%/yr vs 0.30%/yr for SIVR.
Performance
VWO vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, VWO achieves a 7.64% return, which is significantly higher than SIVR's -18.27% return. Over the past 10 years, VWO has underperformed SIVR with an annualized return of 7.65%, while SIVR has yielded a comparatively higher 11.14% annualized return.
VWO
- 1D
- -0.52%
- 1M
- -1.70%
- 6M
- 1.94%
- YTD
- 7.64%
- 1Y
- 16.66%
- 3Y*
- 14.45%
- 5Y*
- 5.39%
- 10Y*
- 7.65%
- ALL TIME*
- 6.74%
SIVR
- 1D
- 1.02%
- 1M
- 0.49%
- 6M
- -43.33%
- YTD
- -18.27%
- 1Y
- 52.04%
- 3Y*
- 32.71%
- 5Y*
- 17.88%
- 10Y*
- 11.14%
- ALL TIME*
- 8.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.70M | $48.33M | $88.80M | |
| $435.83M | $496.07M | $501.66M |
VWO vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWO Vanguard FTSE Emerging Markets ETF | 7.64% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
SIVR abrdn Physical Silver Shares ETF | -18.27% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between VWO and SIVR is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.34 |
The correlation between VWO and SIVR shifts across timeframes, from 0.34 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VWO vs. SIVR — Risk / Return Rank
VWO
SIVR
VWO vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) 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.
| VWO | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.93 | +0.54 |
| Martin ratioReturn relative to average drawdown | 4.89 | 1.84 | +3.04 |
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Drawdowns
VWO vs. SIVR - Drawdown Comparison
The maximum VWO drawdown since its inception was -67.68%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for VWO and SIVR.
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Drawdown Indicators
| VWO | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -75.85% | +8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -52.27% | +41.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -52.27% | +34.90% |
Max Drawdown (5Y)Largest decline over 5 years | -30.88% | -52.27% | +21.39% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -52.27% | +15.88% |
Current DrawdownCurrent decline from peak | -5.62% | -50.14% | +44.52% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -47.84% | +32.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 26.36% | -23.00% |
Volatility
VWO vs. SIVR - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets ETF (VWO) is 4.92%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 10.69%. This indicates that VWO experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWO | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 10.69% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 56.35% | -41.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 61.32% | -43.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 36.96% | -19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 32.25% | -13.11% |
VWO vs. SIVR - Expense Ratio Comparison
VWO has a 0.08% expense ratio, which is lower than SIVR's 0.30% expense ratio.
Dividends
VWO vs. SIVR - Dividend Comparison
VWO's dividend yield for the trailing twelve months is around 2.39%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.39% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
VWO and SIVR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (10.69%) compared to VWO (4.92%). In terms of maximum drawdown, VWO dropped -67.68% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 11.14% vs 7.65% for VWO. On fees, VWO is cheaper at 0.08% per year. On volatility, VWO has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 11.14% return vs 7.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWO is cheaper with a 0.08% expense ratio, compared with 0.30% for SIVR.
VWO has the higher dividend yield at 2.39%, compared with 0.00% for SIVR.
VWO is categorized as Emerging Markets Equities, while SIVR is Silver. VWO tracks FTSE Emerging Index, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Vanguard and abrdn. Their fees differ too: 0.08% for VWO and 0.30% for SIVR.
VWO currently has the higher Sharpe Ratio (0.94 vs 0.79), 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.
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