WOOD vs. SLV
WOOD (iShares Global Timber & Forestry ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, WOOD returned 6.12%/yr vs 11.85%/yr for SLV. At a 0.25 correlation, their price movements are largely independent. WOOD charges 0.46%/yr vs 0.50%/yr for SLV.
Performance
WOOD vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD achieves a -5.94% return, which is significantly higher than SLV's -19.62% return. Over the past 10 years, WOOD has underperformed SLV with an annualized return of 6.12%, while SLV has yielded a comparatively higher 11.85% annualized return.
WOOD
- 1D
- 1.45%
- 1M
- 3.06%
- YTD
- -5.94%
- 6M
- -5.30%
- 1Y
- -6.26%
- 3Y*
- 0.47%
- 5Y*
- -3.10%
- 10Y*
- 6.12%
SLV
- 1D
- -7.09%
- 1M
- -24.25%
- YTD
- -19.62%
- 6M
- -20.61%
- 1Y
- 58.79%
- 3Y*
- 36.01%
- 5Y*
- 16.45%
- 10Y*
- 11.85%
WOOD vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | -5.94% | -3.27% | -4.21% | 13.84% | -19.39% | 17.03% | 20.36% | 19.75% | -17.73% | 34.49% |
SLV iShares Silver Trust | -19.62% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between WOOD and SLV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.25 |
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Return for Risk
WOOD vs. SLV — Risk / Return Rank
WOOD
SLV
WOOD vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) 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.
| WOOD | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.22 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.16 | -1.45 |
| Martin ratioReturn relative to average drawdown | -0.62 | 2.66 | -3.28 |
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Drawdowns
WOOD vs. SLV - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.25%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for WOOD and SLV.
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Drawdown Indicators
| WOOD | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -76.28% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -50.97% | +29.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -50.97% | +28.18% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -50.97% | +20.26% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | -50.97% | +0.77% |
Current DrawdownCurrent decline from peak | -23.48% | -50.97% | +27.49% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -44.66% | +29.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.20% | 22.14% | -11.94% |
Volatility
WOOD vs. SLV - Volatility Comparison
The current volatility for iShares Global Timber & Forestry ETF (WOOD) is 5.25%, while iShares Silver Trust (SLV) has a volatility of 15.67%. This indicates that WOOD 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.
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Volatility by Period
| WOOD | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 15.67% | -10.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.28% | 59.65% | -45.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.95% | 60.78% | -41.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 36.73% | -16.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 32.16% | -10.40% |
WOOD vs. SLV - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
WOOD vs. SLV - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.51%, 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% |
WOOD iShares Global Timber & Forestry ETF | 2.51% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
Frequently Asked Questions
WOOD and SLV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (15.67%) compared to WOOD (5.25%). In terms of maximum drawdown, WOOD dropped -63.25% vs SLV's -76.28%.
On 10-year performance, SLV leads with 11.85% vs 6.12% for WOOD. On fees, WOOD is cheaper at 0.46% per year. On volatility, WOOD has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 11.85% return vs 6.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WOOD is cheaper with a 0.46% expense ratio, compared with 0.50% for SLV.
WOOD has the higher dividend yield at 2.51%, compared with 0.00% for SLV.
WOOD is categorized as Materials, while SLV is Silver. WOOD tracks S&P Global Timber & Forestry Index, while SLV tracks LBMA Silver Price. Their fees differ too: 0.46% for WOOD and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (0.97 vs -0.33), 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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