Compare/Updated Oct 26, 2026, refreshed every trading day
SIVR vs SLV
abrdn Physical Silver Shares ETF against iShares Silver Trust: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SIVR did slightly better than SLV over the period: $1,000 invested on Oct 28, 2022 would be worth $2,767 versus $2,746, producing total returns of 176.7% and 174.6%, respectively. The difference is modest, but SIVR’s 0.30% expense ratio is lower than SLV’s 0.50%, which likely matters for long-term tracking. The funds were otherwise nearly identical: daily-move correlation was 0.999, each had 62.6% 12-month volatility, and their typical monthly performance gap was only 0.04 points. SIVR’s worst drawdown was -53.8%, marginally better than SLV’s -53.9%. SIVR led in 25 of the last 48 months, while SLV led in 23, indicating no consistent short-term winner. With comparable risk and exposure, SIVR’s lower fee and slightly stronger result give it the edge.
- Price is below its 200-day average ($68); 50-day at $60.
- RSI 31, neutral. Supertrend says sell. ADX 25, so the trend is developing.
- Price is below its 200-day average ($65); 50-day at $57.
- RSI 31, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, SIVR or SLV?
SIVR beat SLV in 25 of the last 48 months; SLV won the other 23. The typical monthly gap was 0.04 points.
Total return by period
Which is riskier?
SIVR: Jan 28, 2026 to Oct 23, 2026; SLV: Jan 29, 2026 to Oct 23, 2026
- 0.999
- correlation of daily moves, 4 years
- 1.00
- SIVR move per 1% in SLV
- 1.000
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.04 points.
When did they diverge?
| Month | SIVR | SLV | Gap |
|---|---|---|---|
| November 2022 | +15.8% | +15.9% | -0.20 pts |
| June 2023 | -3.1% | -3.3% | +0.18 pts |
| February 2024 | -0.7% | -0.9% | +0.17 pts |
| September 2025 | +17.2% | +17.1% | +0.13 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SIVR and SLV?
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