iShares Silver Trust (SLV): Historical Returns

Data Source: from August 1982 to January 2024 (~42 years)
Consolidated Returns as of 31 January 2024
Category: Commodities
iShares Silver Trust (SLV) ETF
ETF • LIVE PERFORMANCE (USD currency)
3.99%
January 2024

In the last 30 Years, the iShares Silver Trust (SLV) ETF obtained a 4.80% compound annual return, with a 28.80% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Silver

Investment Returns as of Jan 31, 2024

The iShares Silver Trust (SLV) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the actual US Inflation rates.
ISHARES SILVER TRUST (SLV) ETF
Consolidated returns as of 31 January 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~42Y)
iShares Silver Trust (SLV) ETF n.a. n.a. -3.99 -7.84 -4.21 6.80 1.26 4.80 2.84
US Inflation Adjusted return -4.29 -9.35 -7.10 2.53 -1.48 2.21 0.02
Returns over 1 year are annualized | Available data source: since Aug 1982
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 4.08$, with a total return of 307.75% (4.80% annualized).

The Inflation Adjusted Capital now would be 1.93$, with a net total return of 92.63% (2.21% annualized).
An investment of 1$, since August 1982, now would be worth 3.20$, with a total return of 219.65% (2.84% annualized).

The Inflation Adjusted Capital now would be 1.01$, with a net total return of 0.64% (0.02% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of iShares Silver Trust (SLV) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the actual US Inflation rates.
ISHARES SILVER TRUST (SLV) ETF
Advanced Metrics
Data Source: 1 August 1982 - 31 January 2024 (~42 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~42Y)
Investment Return (%) -3.99 -0.33 -7.84 -4.21 -5.77 6.80 1.26 6.26 4.80 2.84
Infl. Adjusted Return (%) details -4.29 -1.03 -9.35 -7.10 -10.82 2.53 -1.48 3.59 2.21 0.02
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.82
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -11.96 -35.98 -36.79 -36.79 -72.16 -72.16 -74.09
Start to Recovery (# months) details 2 32* 41* 41* 153* 153* 286
Start (yyyy mm) 2023 02 2021 06 2020 09 2020 09 2011 05 2011 05 1983 02
Start to Bottom (# months) 1 15 24 24 107 107 121
Bottom (yyyy mm) 2023 02 2022 08 2022 08 2022 08 2020 03 2020 03 1993 02
Bottom to End (# months) 1 17 17 17 46 46 165
End (yyyy mm) 2023 03 - - - - - 2006 11
Longest Drawdown Depth (%) -11.57
same as
deepest

same as
deepest
-35.87
same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 7 77
Start (yyyy mm) 2023 05 2021 06 2020 09 2014 03 2011 05 2011 05 1983 02
Start to Bottom (# months) 5 15 24 73 107 107 121
Bottom (yyyy mm) 2023 09 2022 08 2022 08 2020 03 2020 03 2020 03 1993 02
Bottom to End (# months) 2 17 17 4 46 46 165
End (yyyy mm) 2023 11 - - 2020 07 - - 2006 11
Longest negative period (# months) details 12* 36* 42* 115 180 180 446
Period Start (yyyy mm) 2023 02 2021 02 2020 08 2014 03 2008 03 2008 03 1983 02
Period End (yyyy mm) 2024 01 2024 01 2024 01 2023 09 2023 02 2023 02 2020 03
Annualized Return (%) -4.21 -5.77 -2.26 -0.01 -0.15 -0.15 -0.15
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -12.79 -41.79 -44.46 -44.46 -75.84 -75.84 -83.40
Start to Recovery (# months) details 9* 32* 41* 41* 153* 153* 337
Start (yyyy mm) 2023 05 2021 06 2020 09 2020 09 2011 05 2011 05 1983 02
Start to Bottom (# months) 5 15 24 24 107 107 226
Bottom (yyyy mm) 2023 09 2022 08 2022 08 2022 08 2020 03 2020 03 2001 11
Bottom to End (# months) 4 17 17 17 46 46 111
End (yyyy mm) - - - - - - 2011 02
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-41.49
same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 77
Start (yyyy mm) 2023 05 2021 06 2020 09 2014 03 2011 05 2011 05 1983 02
Start to Bottom (# months) 5 15 24 73 107 107 226
Bottom (yyyy mm) 2023 09 2022 08 2022 08 2020 03 2020 03 2020 03 2001 11
Bottom to End (# months) 4 17 17 4 46 46 111
End (yyyy mm) - - - 2020 07 - - 2011 02
Longest negative period (# months) details 12* 36* 49 120* 213* 213* 497*
Period Start (yyyy mm) 2023 02 2021 02 2019 09 2014 02 2006 05 2006 05 1982 09
Period End (yyyy mm) 2024 01 2024 01 2023 09 2024 01 2024 01 2024 01 2024 01
Annualized Return (%) -7.10 -10.82 -0.29 -1.48 -0.05 -0.05 -0.45
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 27.55 24.77 31.26 26.86 32.05 28.80 28.59
Sharpe Ratio -0.34 -0.32 0.16 0.00 0.15 0.09 -0.04
Sortino Ratio -0.52 -0.50 0.25 0.01 0.23 0.13 -0.06
Ulcer Index 6.85 18.52 16.42 21.98 47.69 40.82 55.57
Ratio: Return / Standard Deviation -0.15 -0.23 0.22 0.05 0.20 0.17 0.10
Ratio: Return / Deepest Drawdown -0.35 -0.16 0.18 0.03 0.09 0.07 0.04
% Positive Months details 41% 44% 50% 46% 51% 49% 48%
Positive Months 5 16 30 56 123 179 240
Negative Months 7 20 30 64 117 181 258
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.26 13.29 26.90 26.90
Worst 10 Years Return (%) - Annualized -6.47 -6.47 -12.44
Best 10 Years Return (%) - Annualized -1.48 10.74 23.90 23.90
Worst 10 Years Return (%) - Annualized -8.59 -8.59 -15.68
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 156.74 51.69 33.79 26.90 9.28 4.80
Worst Rolling Return (%) - Annualized -40.54 -26.70 -18.38 -6.47 4.41
% Positive Periods 52% 60% 63% 79% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.27 18.32 8.45 3.59 5.25 4.49
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.05 2.16
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 149.07 49.49 29.91 23.90 7.04 2.21
Worst Rolling Return (%) - Annualized -41.27 -28.01 -19.43 -8.59 2.18
% Positive Periods 47% 52% 55% 65% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.27 18.32 8.45 3.59 5.25 4.49
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.05 2.16
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Aug 1982 - Jan 2024)
Best Rolling Return (%) - Annualized 156.74 51.69 33.79 26.90 13.10 6.50
Worst Rolling Return (%) - Annualized -42.02 -27.19 -18.38 -12.44 -5.35 1.53
% Positive Periods 45% 55% 55% 64% 89% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.27 16.78 8.45 3.24 1.30 0.97
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 149.07 49.49 29.91 23.90 10.27 4.14
Worst Rolling Return (%) - Annualized -44.42 -29.44 -19.43 -15.68 -8.20 -1.30
% Positive Periods 41% 44% 45% 42% 80% 84%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.27 16.78 8.45 3.24 1.30 0.97
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares Silver Trust (SLV) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES SILVER TRUST (SLV) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs SLV
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.47
0.42
0.31
0.24
0.23
SPY
US Large Cap
0.53
0.42
0.31
0.23
0.22
IJR
US Small Cap
0.04
0.30
0.20
0.20
0.19
VNQ
US REITs
0.37
0.35
0.31
0.24
0.22
QQQ
US Technology
0.50
0.40
0.28
0.16
0.15
PFF
Preferred Stocks
0.15
0.37
0.32
0.16
0.15
EFA
EAFE Stocks
0.55
0.42
0.36
0.30
0.31
VT
World All Countries
0.53
0.45
0.36
0.31
0.31
EEM
Emerging Markets
0.62
0.49
0.44
0.37
0.36
VGK
Europe
0.53
0.43
0.36
0.29
0.29
VPL
Pacific
0.56
0.41
0.36
0.29
0.30
FLLA
Latin America
0.39
0.36
0.35
0.37
0.36
BND
US Total Bond Market
0.61
0.35
0.37
0.16
0.14
TLT
Long Term Treasuries
0.49
0.18
0.24
0.00
-0.01
BIL
US Cash
0.18
-0.04
0.01
-0.01
-0.01
TIP
TIPS
0.65
0.39
0.43
0.23
0.20
LQD
Invest. Grade Bonds
0.61
0.42
0.43
0.22
0.21
HYG
High Yield Bonds
0.59
0.48
0.44
0.25
0.24
CWB
US Convertible Bonds
0.19
0.45
0.39
0.29
0.28
BNDX
International Bonds
0.58
0.31
0.30
0.15
0.14
EMB
Emerg. Market Bonds
0.54
0.53
0.51
0.29
0.29
GLD
Gold
0.83
0.72
0.76
0.72
0.72
DBC
Commodities
0.34
0.34
0.32
0.35
0.33

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES SILVER TRUST (SLV) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 August 1982 - 31 January 2024 (~42 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-72.16% May 2011 Mar 2020 107 in progress 46 153 58.21
-51.29% Mar 2008 Oct 2008 8 Sep 2010 23 31 25.39
-36.04% Apr 1998 Nov 2001 44 Feb 2004 27 71 25.38
-26.39% Apr 2004 Jun 2004 3 Nov 2005 17 20 13.35
-22.20% Apr 1994 Jul 1997 40 Dec 1997 5 45 12.17
-19.75% May 2006 Jun 2006 2 Nov 2006 5 7 12.18
-15.06% Mar 2007 Aug 2007 6 Oct 2007 2 8 7.97
-9.24% Jan 2011 Jan 2011 1 Feb 2011 1 2 5.34
-7.66% Dec 2006 Dec 2006 1 Feb 2007 2 3 4.11
-3.20% Nov 2007 Nov 2007 1 Dec 2007 1 2 1.85
-0.51% Feb 2006 Feb 2006 1 Mar 2006 1 2 0.29
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 27 13.4 Months 7.48%
 
DD = 0% 7.48%
 
0% < DD <= -5% 16 22.6 Months 4.43%
 
DD <= -5% 11.91%
 
-5% < DD <= -10% 34 10.6 Months 9.42%
 
DD <= -10% 21.33%
 
-10% < DD <= -15% 26 13.9 Months 7.20%
 
DD <= -15% 28.53%
 
-15% < DD <= -20% 35 10.3 Months 9.70%
 
DD <= -20% 38.23%
 
-20% < DD <= -25% 25 14.4 Months 6.93%
 
DD <= -25% 45.15%
 
-25% < DD <= -30% 22 16.4 Months 6.09%
 
DD <= -30% 51.25%
 
-30% < DD <= -35% 27 13.4 Months 7.48%
 
DD <= -35% 58.73%
 
-35% < DD <= -40% 10 36.1 Months 2.77%
 
DD <= -40% 61.50%
 
-40% < DD <= -45% 9 40.1 Months 2.49%
 
DD <= -45% 63.99%
 
-45% < DD <= -50% 8 45.1 Months 2.22%
 
DD <= -50% 66.20%
 
-50% < DD <= -55% 22 16.4 Months 6.09%
 
DD <= -55% 72.30%
 
-55% < DD <= -60% 21 17.2 Months 5.82%
 
DD <= -60% 78.12%
 
-60% < DD <= -65% 26 13.9 Months 7.20%
 
DD <= -65% 85.32%
 
-65% < DD <= -70% 40 9.0 Months 11.08%
 
DD <= -70% 96.40%
 
-70% < DD <= -100% 13 27.8 Months 3.60%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-75.84% May 2011 Mar 2020 107 in progress 46 153 62.70
-52.26% Mar 2008 Oct 2008 8 Sep 2010 23 31 26.10
-41.63% Apr 1998 Nov 2001 44 Mar 2004 28 72 30.40
-28.65% Apr 1994 Jul 1997 40 Feb 1998 7 47 16.15
-27.09% Apr 2004 Jun 2004 3 Dec 2005 18 21 14.75
-20.19% May 2006 Jun 2006 2 Nov 2006 5 7 12.75
-16.47% Mar 2007 Aug 2007 6 Dec 2007 4 10 8.25
-9.54% Jan 2011 Jan 2011 1 Feb 2011 1 2 5.51
-8.16% Dec 2006 Dec 2006 1 Feb 2007 2 3 4.47
-0.56% Feb 2006 Feb 2006 1 Mar 2006 1 2 0.32
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 22 16.4 Months 6.09%
 
DD = 0% 6.09%
 
0% < DD <= -5% 10 36.1 Months 2.77%
 
DD <= -5% 8.86%
 
-5% < DD <= -10% 24 15.0 Months 6.65%
 
DD <= -10% 15.51%
 
-10% < DD <= -15% 28 12.9 Months 7.76%
 
DD <= -15% 23.27%
 
-15% < DD <= -20% 33 10.9 Months 9.14%
 
DD <= -20% 32.41%
 
-20% < DD <= -25% 27 13.4 Months 7.48%
 
DD <= -25% 39.89%
 
-25% < DD <= -30% 21 17.2 Months 5.82%
 
DD <= -30% 45.71%
 
-30% < DD <= -35% 23 15.7 Months 6.37%
 
DD <= -35% 52.08%
 
-35% < DD <= -40% 28 12.9 Months 7.76%
 
DD <= -40% 59.83%
 
-40% < DD <= -45% 13 27.8 Months 3.60%
 
DD <= -45% 63.43%
 
-45% < DD <= -50% 1 361.0 Months 0.28%
 
DD <= -50% 63.71%
 
-50% < DD <= -55% 6 60.2 Months 1.66%
 
DD <= -55% 65.37%
 
-55% < DD <= -60% 13 27.8 Months 3.60%
 
DD <= -60% 68.98%
 
-60% < DD <= -65% 29 12.4 Months 8.03%
 
DD <= -65% 77.01%
 
-65% < DD <= -70% 45 8.0 Months 12.47%
 
DD <= -70% 89.47%
 
-70% < DD <= -100% 38 9.5 Months 10.53%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-74.09% Feb 1983 Feb 1993 121 Nov 2006 165 286 58.95
-72.16% May 2011 Mar 2020 107 in progress 46 153 58.21
-51.29% Mar 2008 Oct 2008 8 Sep 2010 23 31 25.39
-15.06% Mar 2007 Aug 2007 6 Oct 2007 2 8 7.97
-9.24% Jan 2011 Jan 2011 1 Feb 2011 1 2 5.34
-7.66% Dec 2006 Dec 2006 1 Feb 2007 2 3 4.11
-3.20% Nov 2007 Nov 2007 1 Dec 2007 1 2 1.85
-0.10% Nov 1982 Nov 1982 1 Dec 1982 1 2 0.06
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 19 26.3 Months 3.81%
 
DD = 0% 3.81%
 
0% < DD <= -5% 7 71.3 Months 1.40%
 
DD <= -5% 5.21%
 
-5% < DD <= -10% 12 41.6 Months 2.40%
 
DD <= -10% 7.62%
 
-10% < DD <= -15% 12 41.6 Months 2.40%
 
DD <= -15% 10.02%
 
-15% < DD <= -20% 14 35.6 Months 2.81%
 
DD <= -20% 12.83%
 
-20% < DD <= -25% 4 124.8 Months 0.80%
 
DD <= -25% 13.63%
 
-25% < DD <= -30% 8 62.4 Months 1.60%
 
DD <= -30% 15.23%
 
-30% < DD <= -35% 14 35.6 Months 2.81%
 
DD <= -35% 18.04%
 
-35% < DD <= -40% 13 38.4 Months 2.61%
 
DD <= -40% 20.64%
 
-40% < DD <= -45% 14 35.6 Months 2.81%
 
DD <= -45% 23.45%
 
-45% < DD <= -50% 27 18.5 Months 5.41%
 
DD <= -50% 28.86%
 
-50% < DD <= -55% 48 10.4 Months 9.62%
 
DD <= -55% 38.48%
 
-55% < DD <= -60% 55 9.1 Months 11.02%
 
DD <= -60% 49.50%
 
-60% < DD <= -65% 116 4.3 Months 23.25%
 
DD <= -65% 72.75%
 
-65% < DD <= -70% 96 5.2 Months 19.24%
 
DD <= -70% 91.98%
 
-70% < DD <= -100% 40 12.5 Months 8.02%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-83.40% Feb 1983 Nov 2001 226 Feb 2011 111 337 68.55
-75.84% May 2011 Mar 2020 107 in progress 46 153 62.70
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 10 49.9 Months 2.00%
 
DD = 0% 2.00%
 
0% < DD <= -5% 2 249.5 Months 0.40%
 
DD <= -5% 2.40%
 
-5% < DD <= -10% 0 - 0.00%
 
DD <= -10% 2.40%
 
-10% < DD <= -15% 4 124.8 Months 0.80%
 
DD <= -15% 3.21%
 
-15% < DD <= -20% 4 124.8 Months 0.80%
 
DD <= -20% 4.01%
 
-20% < DD <= -25% 5 99.8 Months 1.00%
 
DD <= -25% 5.01%
 
-25% < DD <= -30% 3 166.3 Months 0.60%
 
DD <= -30% 5.61%
 
-30% < DD <= -35% 10 49.9 Months 2.00%
 
DD <= -35% 7.62%
 
-35% < DD <= -40% 11 45.4 Months 2.20%
 
DD <= -40% 9.82%
 
-40% < DD <= -45% 19 26.3 Months 3.81%
 
DD <= -45% 13.63%
 
-45% < DD <= -50% 11 45.4 Months 2.20%
 
DD <= -50% 15.83%
 
-50% < DD <= -55% 25 20.0 Months 5.01%
 
DD <= -55% 20.84%
 
-55% < DD <= -60% 40 12.5 Months 8.02%
 
DD <= -60% 28.86%
 
-60% < DD <= -65% 54 9.2 Months 10.82%
 
DD <= -65% 39.68%
 
-65% < DD <= -70% 65 7.7 Months 13.03%
 
DD <= -70% 52.71%
 
-70% < DD <= -100% 236 2.1 Months 47.29%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES SILVER TRUST (SLV) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 August 1982 - 31 January 2024 (~42 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -40.54 12/2012
11/2013
0.59$ -15.67 0.84$ 1.33 1.01$ 34.55 1.34$ 156.74 05/2010
04/2011
2.56$ -4.21 47.28%
2Y -32.30 12/2012
11/2014
0.45$ -10.53 0.80$ 2.40 1.04$ 28.41 1.64$ 95.95 05/2009
04/2011
3.83$ 0.26 41.84%
3Y -26.70 05/2011
04/2014
0.39$ -6.70 0.81$ 2.87 1.08$ 24.84 1.94$ 51.69 11/2008
10/2011
3.49$ -5.77 40.00%
5Y -18.38 05/2011
04/2016
0.36$ -5.47 0.75$ 4.58 1.25$ 20.63 2.55$ 33.79 03/2003
02/2008
4.28$ 6.80 36.54%
7Y -14.72 05/2011
04/2018
0.32$ -3.02 0.80$ 4.04 1.31$ 19.61 3.50$ 34.06 05/2004
04/2011
7.78$ 3.33 29.24%
10Y -6.47 05/2011
04/2021
0.51$ -1.00 0.90$ 5.03 1.63$ 15.13 4.09$ 26.90 05/2001
04/2011
10.83$ 1.26 20.33%
15Y -0.15 03/2008
02/2023
0.97$ 3.98 1.79$ 7.97 3.15$ 11.09 4.84$ 15.62 05/1996
04/2011
8.81$ 3.48 0.55%
20Y 4.41 04/1998
03/2018
2.36$ 5.07 2.68$ 6.30 3.39$ 8.01 4.66$ 9.28 06/2001
05/2021
5.90$ 6.26 0.00%
30Y 4.80 02/1994
01/2024
4.07$ 4.80 4.07$ 4.80 4.07$ 4.80 4.07$ 4.80 02/1994
01/2024
4.07$ 4.80 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -41.27 12/2012
11/2013
0.58$ -18.32 0.81$ -1.12 0.98$ 30.70 1.30$ 149.07 05/2010
04/2011
2.49$ -7.10 52.44%
2Y -33.13 12/2012
11/2014
0.44$ -13.22 0.75$ -0.03 0.99$ 25.07 1.56$ 90.90 05/2009
04/2011
3.64$ -4.26 50.15%
3Y -28.01 05/2011
04/2014
0.37$ -8.70 0.76$ 0.57 1.01$ 21.37 1.78$ 49.49 11/2008
10/2011
3.34$ -10.82 47.69%
5Y -19.43 05/2011
04/2016
0.33$ -7.17 0.68$ 1.77 1.09$ 17.31 2.22$ 29.91 03/2003
02/2008
3.70$ 2.53 44.52%
7Y -16.05 05/2011
04/2018
0.29$ -5.13 0.69$ 1.54 1.11$ 16.51 2.91$ 30.68 05/2004
04/2011
6.50$ -0.16 40.43%
10Y -8.59 10/2012
09/2022
0.40$ -2.84 0.74$ 3.12 1.35$ 12.49 3.24$ 23.90 05/2001
04/2011
8.52$ -1.48 34.02%
15Y -2.45 03/2008
02/2023
0.68$ 1.87 1.32$ 5.64 2.27$ 8.48 3.38$ 12.86 05/1996
04/2011
6.14$ 0.89 5.52%
20Y 2.18 04/1998
03/2018
1.53$ 2.82 1.74$ 4.04 2.20$ 5.66 3.00$ 7.04 06/2001
05/2021
3.89$ 3.59 0.00%
30Y 2.21 02/1994
01/2024
1.92$ 2.21 1.92$ 2.21 1.92$ 2.21 1.92$ 2.21 02/1994
01/2024
1.92$ 2.21 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.02 08/1983
07/1984
0.57$ -18.93 0.81$ -2.37 0.97$ 31.22 1.31$ 156.74 05/2010
04/2011
2.56$ -4.21 54.41%
2Y -32.43 06/1983
05/1985
0.45$ -14.55 0.73$ 0.91 1.01$ 23.32 1.52$ 95.95 05/2009
04/2011
3.83$ 0.26 46.95%
3Y -27.19 06/1983
05/1986
0.38$ -12.19 0.67$ 1.18 1.03$ 18.08 1.64$ 51.69 11/2008
10/2011
3.49$ -5.77 44.71%
5Y -18.38 05/2011
04/2016
0.36$ -7.79 0.66$ 1.46 1.07$ 17.11 2.20$ 33.79 03/2003
02/2008
4.28$ 6.80 44.87%
7Y -14.72 05/2011
04/2018
0.32$ -6.58 0.62$ 1.71 1.12$ 15.41 2.72$ 34.06 05/2004
04/2011
7.78$ 3.33 42.41%
10Y -12.44 02/1983
01/1993
0.26$ -3.05 0.73$ 1.43 1.15$ 11.75 3.03$ 26.90 05/2001
04/2011
10.83$ 1.26 35.09%
15Y -6.32 06/1983
05/1998
0.37$ -1.85 0.75$ 6.18 2.45$ 9.41 3.85$ 15.62 05/1996
04/2011
8.81$ 3.48 24.76%
20Y -5.35 06/1983
05/2003
0.33$ 1.07 1.23$ 5.77 3.07$ 8.68 5.28$ 13.10 05/1991
04/2011
11.72$ 6.26 10.42%
30Y 1.53 08/1983
07/2013
1.57$ 2.60 2.15$ 3.51 2.81$ 5.68 5.25$ 6.50 03/1991
02/2021
6.61$ 4.80 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -44.42 08/1983
07/1984
0.55$ -21.38 0.78$ -5.31 0.94$ 28.79 1.28$ 149.07 05/2010
04/2011
2.49$ -7.10 58.11%
2Y -35.00 06/1983
05/1985
0.42$ -17.11 0.68$ -1.41 0.97$ 20.00 1.43$ 90.90 05/2009
04/2011
3.64$ -4.26 54.11%
3Y -29.44 06/1983
05/1986
0.35$ -14.63 0.62$ -1.39 0.95$ 14.64 1.50$ 49.49 11/2008
10/2011
3.34$ -10.82 55.51%
5Y -19.43 05/2011
04/2016
0.33$ -10.73 0.56$ -0.78 0.96$ 14.44 1.96$ 29.91 03/2003
02/2008
3.70$ 2.53 54.44%
7Y -16.31 06/1983
05/1990
0.28$ -9.48 0.49$ -0.65 0.95$ 12.45 2.27$ 30.68 05/2004
04/2011
6.50$ -0.16 53.25%
10Y -15.68 02/1983
01/1993
0.18$ -5.72 0.55$ -0.83 0.92$ 8.98 2.36$ 23.90 05/2001
04/2011
8.52$ -1.48 57.52%
15Y -9.35 06/1983
05/1998
0.22$ -4.83 0.47$ 3.86 1.76$ 6.93 2.73$ 12.86 05/1996
04/2011
6.14$ 0.89 33.54%
20Y -8.20 06/1983
05/2003
0.18$ -1.95 0.67$ 3.30 1.91$ 6.37 3.43$ 10.27 05/1991
04/2011
7.06$ 3.59 19.69%
30Y -1.30 06/1983
05/2013
0.67$ -0.05 0.98$ 0.91 1.31$ 3.17 2.54$ 4.14 03/1991
02/2021
3.38$ 2.21 15.83%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares Silver Trust (SLV) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares Silver Trust (SLV) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-1.12
40%
-3.00
20%
-2.15
40%
1.54
60%
2.53
40%
-1.76
40%
9.16
80%
1.92
40%
-7.12
20%
3.88
100%
2.27
40%
5.12
80%
Best 1.7
2021
8.8
2022
15.1
2023
7.1
2020
19.2
2020
5.0
2019
33.2
2020
15.8
2020
5.5
2022
7.7
2021
15.9
2022
16.7
2020
Worst -4.0
2024
-12.0
2023
-16.0
2020
-8.0
2022
-6.0
2023
-6.5
2021
-2.4
2021
-11.3
2022
-17.5
2020
0.7
2022
-5.9
2019
-5.8
2023
Monthly Seasonality over the period Sep 1982 - Jan 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.32
70%
-0.52
40%
-1.44
40%
1.15
40%
0.48
50%
0.86
40%
4.22
60%
-0.58
30%
-5.12
30%
1.21
70%
-1.23
20%
3.39
70%
Best 10.1
2017
10.3
2014
15.1
2023
15.7
2016
19.2
2020
17.6
2016
33.2
2020
15.8
2020
5.5
2022
7.7
2021
15.9
2022
16.7
2020
Worst -4.0
2024
-12.0
2023
-16.0
2020
-8.0
2022
-10.5
2016
-6.5
2021
-6.3
2015
-11.3
2022
-17.5
2020
-6.8
2016
-9.2
2015
-5.8
2023
Monthly Seasonality over the period Sep 1982 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.58
62%
0.55
46%
1.34
49%
0.93
37%
-0.18
54%
-2.04
32%
2.42
60%
0.01
40%
-0.52
56%
-0.40
46%
1.29
40%
0.86
50%
Best 27.2
1983
20.9
2011
18.4
2004
29.9
1987
26.7
2009
17.6
2016
33.2
2020
21.5
1982
14.7
1998
21.6
1982
15.9
2022
16.7
2020
Worst -9.2
2011
-21.0
1983
-16.0
2020
-23.7
2004
-19.8
2011
-14.7
1983
-15.9
1984
-23.7
2008
-28.5
2011
-22.1
1983
-9.2
2015
-15.8
2011
Monthly Seasonality over the period Sep 1982 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares Silver Trust (SLV) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES SILVER TRUST (SLV) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 August 1982 - 31 January 2024 (~42 years)
179 Positive Months (50%) - 181 Negative Months (50%)
240 Positive Months (48%) - 258 Negative Months (52%)
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(Scroll down to see all data)
Investment Returns, up to December 2006, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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