XLP vs. SIVR
XLP (State Street Consumer Staples Select Sector SPDR ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - XLP is a Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, XLP returned 7.60%/yr vs 14.22%/yr for SIVR. At a 0.12 correlation, their price movements are largely independent. XLP charges 0.08%/yr vs 0.30%/yr for SIVR.
Performance
XLP vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, XLP achieves a 11.10% return, which is significantly higher than SIVR's -4.75% return. Over the past 10 years, XLP has underperformed SIVR with an annualized return of 7.60%, while SIVR has yielded a comparatively higher 14.22% annualized return.
XLP
- 1D
- 0.65%
- 1M
- 1.39%
- YTD
- 11.10%
- 6M
- 9.54%
- 1Y
- 8.93%
- 3Y*
- 8.26%
- 5Y*
- 6.65%
- 10Y*
- 7.60%
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%
XLP vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLP State Street Consumer Staples Select Sector SPDR ETF | 11.10% | 1.52% | 12.20% | -0.82% | -0.81% | 17.20% | 10.11% | 27.43% | -8.07% | 12.98% |
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 XLP and SIVR is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.12 |
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Return for Risk
XLP vs. SIVR — Risk / Return Rank
XLP
SIVR
XLP vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Consumer Staples Select Sector SPDR ETF (XLP) 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.
| XLP | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.29 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.90 | -1.11 |
| Martin ratioReturn relative to average drawdown | 1.52 | 4.12 | -2.60 |
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Drawdowns
XLP vs. SIVR - Drawdown Comparison
The maximum XLP drawdown since its inception was -35.90%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for XLP and SIVR.
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Drawdown Indicators
| XLP | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -75.85% | +39.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -45.33% | +35.64% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -45.33% | +32.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -45.33% | +29.03% |
Max Drawdown (10Y)Largest decline over 10 years | -24.51% | -45.33% | +20.82% |
Current DrawdownCurrent decline from peak | -4.12% | -41.89% | +37.77% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -47.83% | +40.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 20.85% | -15.84% |
Volatility
XLP vs. SIVR - Volatility Comparison
The current volatility for State Street Consumer Staples Select Sector SPDR ETF (XLP) is 4.53%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.37%. This indicates that XLP 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
| XLP | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 16.37% | -11.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 59.11% | -48.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 59.76% | -46.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 36.48% | -23.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 32.03% | -17.28% |
XLP vs. SIVR - Expense Ratio Comparison
XLP has a 0.08% expense ratio, which is lower than SIVR's 0.30% expense ratio.
Dividends
XLP vs. SIVR - Dividend Comparison
XLP's dividend yield for the trailing twelve months is around 2.53%, 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% |
XLP State Street Consumer Staples Select Sector SPDR ETF | 2.53% | 2.75% | 2.77% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.52% |
Frequently Asked Questions
XLP and SIVR have a correlation of 0.10, 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 XLP (4.53%). In terms of maximum drawdown, XLP dropped -35.90% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 14.22% vs 7.60% for XLP. On fees, XLP is cheaper at 0.08% per year. On volatility, XLP has been the lower-risk option at 4.53%. 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 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLP is cheaper with a 0.08% expense ratio, compared with 0.30% for SIVR.
XLP has the higher dividend yield at 2.53%, compared with 0.00% for SIVR.
XLP is categorized as Consumer Staples Equities, while SIVR is Silver. XLP tracks Consumer Staples 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 XLP and 0.30% for SIVR.
SIVR currently has the higher Sharpe Ratio (1.44 vs 0.59), 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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