SLV vs SPY
Comparison between iShares Silver Trust (SLV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSLV has outperformed SPY, delivering a return of +23.4% compared to +13.3%
SLV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SLV
$36B
Winner
SPY
$652B
Expense Ratio
SLV
0.50%
Winner
SPY
0.09%
Max Drawdown
SLV
76.28%
Winner
SPY
56.47%
Sharpe Ratio
SLV
1.83
Winner
SPY
2.07
5Y Beta
Winner
SLV
0.71
SPY
1.00
P/E Ratio
SLV
N/A
SPY
28.24
Forward P/E
SLV
N/A
SPY
21.85
5Y Dividends CAGR
SLV
N/A
SPY
5.43%
5Y EPS CAGR
SLV
N/A
SPY
25.79%
Debt to Equity
SLV
N/A
SPY
22.35%
P/S Ratio
SLV
N/A
SPY
3.55
P/B Ratio
SLV
N/A
SPY
5.29
SLV vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
SLV
+8.21%
Winner
SPY
+9.11%
3M
SLV
-3.98%
Winner
SPY
+6.59%
6M
Winner
SLV
+66.23%
SPY
+10.56%
1Y
Winner
SLV
+147.83%
SPY
+32.04%
5Y(CAGR)
Winner
SLV
+23.43%
SPY
+13.35%
10Y(CAGR)
Winner
SLV
+16.31%
SPY
+15.49%
Max(CAGR)
Winner
SLV
+8.67%
SPY
+8.50%
SLV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SLV | SPY |
|---|---|---|
| 2026 | +11.04% | +8.27% |
| 2025 | +139.21% | +18.00% |
| 2024 | +21.62% | +25.59% |
| 2023 | -1.22% | +26.72% |
| 2022 | +3.97% | -18.64% |
| 2021 | -15.15% | +30.52% |
| 2020 | +46.16% | +17.28% |
| 2019 | +14.56% | +31.09% |
| 2018 | -10.43% | -5.24% |
| 2017 | +3.56% | +20.78% |
| 2016 | +14.56% | +13.59% |
| 2015 | -12.71% | +1.31% |
| 2014 | -21.68% | +14.56% |
| 2013 | -37.47% | +29.00% |
| 2012 | +1.87% | +14.17% |
| 2011 | -10.14% | +0.85% |
| 2010 | +75.16% | +13.14% |
| 2009 | +44.95% | +22.67% |
| 2008 | -26.22% | -36.25% |
| 2007 | +17.03% | +5.32% |
| 2006 | -6.86% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SLV vs SPY Drawdown Comparison
The maximum drawdown for SLV was -76.28%, occurring on Mar 18, 2020. Recovery took 3638 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SLV drawdown is -30.86%.
| Rank | SLV | SPY |
|---|---|---|
| #1 | -76.28% Apr 28, 2011 - Oct 15, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -57.08% Mar 5, 2008 - Sep 22, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.45% Jan 28, 2026 - Mar 26, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -35.23% May 11, 2006 - Nov 6, 2007 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -13.77% Oct 16, 2025 - Nov 28, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.09% Dec 31, 2010 - Feb 17, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.81% Nov 6, 2007 - Jan 8, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.42% Dec 26, 2025 - Jan 6, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.18% Nov 8, 2010 - Nov 22, 2010 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.13% Dec 6, 2010 - Dec 28, 2010 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.98% Oct 14, 2010 - Oct 29, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.43% Jan 6, 2026 - Jan 12, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.39% Mar 9, 2011 - Mar 21, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.63% Feb 23, 2011 - Feb 28, 2011 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.19% Jan 14, 2026 - Jan 20, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SLV and SPY is 0.55 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.55
-101
Select Stocks to Compare
Popular: SLV vs SPY
More Comparisons
Compare with similar stocks