XLI vs. SIVR
XLI (Industrial Select Sector SPDR Fund) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector Index, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, XLI returned 14.15%/yr vs 14.22%/yr for SIVR. At a 0.18 correlation, their price movements are largely independent. XLI charges 0.08%/yr vs 0.30%/yr for SIVR.
Performance
XLI vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, XLI achieves a 13.90% return, which is significantly higher than SIVR's -4.75% return. Both investments have delivered pretty close results over the past 10 years, with XLI having a 14.15% annualized return and SIVR not far ahead at 14.22%.
XLI
- 1D
- 0.59%
- 1M
- 2.79%
- YTD
- 13.90%
- 6M
- 13.10%
- 1Y
- 25.17%
- 3Y*
- 20.87%
- 5Y*
- 12.93%
- 10Y*
- 14.15%
SIVR
- 1D
- 0.78%
- 1M
- -11.18%
- YTD
- -4.75%
- 6M
- 9.46%
- 1Y
- 86.32%
- 3Y*
- 41.59%
- 5Y*
- 19.07%
- 10Y*
- 14.22%
XLI vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 13.90% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
SIVR abrdn Physical Silver Shares ETF | -4.75% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between XLI and SIVR is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.18 |
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Return for Risk
XLI vs. SIVR — Risk / Return Rank
XLI
SIVR
XLI vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) 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.
| XLI | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.90 | +0.08 |
| Martin ratioReturn relative to average drawdown | 7.82 | 4.12 | +3.69 |
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Drawdowns
XLI vs. SIVR - Drawdown Comparison
The maximum XLI drawdown since its inception was -62.26%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for XLI and SIVR.
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Drawdown Indicators
| XLI | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -75.85% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -45.33% | +33.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -45.33% | +26.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -45.33% | +23.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -45.33% | +3.00% |
Current DrawdownCurrent decline from peak | -1.24% | -41.89% | +40.65% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -47.83% | +38.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 20.85% | -17.76% |
Volatility
XLI vs. SIVR - Volatility Comparison
The current volatility for Industrial Select Sector SPDR Fund (XLI) is 6.22%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.37%. This indicates that XLI 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
| XLI | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 16.37% | -10.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 59.11% | -45.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 59.76% | -43.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 36.48% | -18.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 32.03% | -11.99% |
XLI vs. SIVR - Expense Ratio Comparison
XLI has a 0.08% expense ratio, which is lower than SIVR's 0.30% expense ratio.
Dividends
XLI vs. SIVR - Dividend Comparison
XLI's dividend yield for the trailing twelve months is around 1.16%, 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% |
XLI Industrial Select Sector SPDR Fund | 1.16% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
XLI and SIVR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.37%) compared to XLI (6.22%). In terms of maximum drawdown, XLI dropped -62.26% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 14.22% vs 14.15% for XLI. On fees, XLI is cheaper at 0.08% per year. On volatility, XLI has been the lower-risk option at 6.22%. 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 14.22% return vs 14.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLI is cheaper with a 0.08% expense ratio, compared with 0.30% for SIVR.
XLI has the higher dividend yield at 1.16%, compared with 0.00% for SIVR.
XLI is categorized as Industrials Equities, while SIVR is Silver. XLI tracks Industrial Select Sector Index, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: State Street and abrdn. Their fees differ too: 0.08% for XLI and 0.30% for SIVR.
XLI currently has the higher Sharpe Ratio (1.50 vs 1.44), 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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