Average Daily Volume
172.3K
Fund Overview
The iShares MSCI Global Silver and Metals Miners ETF (SLVP) seeks to track the investment results of the MSCI ACWI Select Silver Miners Investable Market Index. This ETF provides investors with exposure to companies engaged in silver mining and related activities globally. The fund includes a diversified mix of small, mid, and large-cap companies, offering broad exposure to the silver mining industry. SLVP is designed for investors looking to gain targeted access to silver miners, which can offer leveraged exposure to the price of silver compared to physical silver investments. The fund is rebalanced quarterly to ensure alignment with its underlying index.
- Asset Class
-
Equity
- Industry
-
Silver Miners
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 0.29 %
- Currency Hedged
-
No
- Portfolio Turnover
-
25 %
- Dividend Date
-
Why Invest in the SLVP ETF?
Potential Benefits
- Provides targeted exposure to silver mining companies, which can benefit from rising silver prices.
- Diversified across small, mid, and large-cap silver miners globally.
- Lower expense ratio compared to some actively managed precious metals funds.
- Quarterly rebalancing helps maintain alignment with the underlying index.
- Offers potential for higher returns than physical silver due to mining company leverage.
Potential Risks
- Exposure to mining companies introduces equity market risks beyond silver price fluctuations.
- Silver mining stocks can be highly volatile and sensitive to commodity price swings.
- Geopolitical risks in countries where mining operations are located.
- Currency fluctuations may impact international mining companies.
- Environmental and regulatory risks can affect mining operations and profitability.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+12.6%
|
+23.1%
|
-25.4%
|
-0.7%
|
+5.2%
|
-16.5%
|
-3.7%
|
+33.6%
|
-11.8%
|
+0.4%
|
-
|
-
|
| 2025 |
+13.6%
|
-0.4%
|
+14.8%
|
+1.6%
|
+2.8%
|
+14.0%
|
-1.6%
|
+24.0%
|
+26.0%
|
-3.0%
|
+19.0%
|
+10.4%
|
| 2024 |
-13.2%
|
-7.5%
|
+24.2%
|
+11.3%
|
+15.2%
|
-11.5%
|
+14.7%
|
-6.3%
|
+7.4%
|
+7.7%
|
-9.5%
|
-10.1%
|
| 2023 |
+8.0%
|
-15.2%
|
+19.1%
|
-1.2%
|
-10.3%
|
-4.5%
|
+8.5%
|
-7.4%
|
-11.6%
|
+1.5%
|
+17.2%
|
+0.3%
|
| 2022 |
-8.7%
|
+10.5%
|
+9.2%
|
-12.6%
|
-8.9%
|
-12.4%
|
+2.0%
|
-14.3%
|
+3.5%
|
+4.6%
|
+13.8%
|
-1.0%
|
| 2021 |
-4.8%
|
-3.1%
|
-6.5%
|
+3.0%
|
+18.4%
|
-13.9%
|
-3.8%
|
-5.7%
|
-11.5%
|
+11.0%
|
-2.6%
|
-2.7%
|
| 2020 |
-6.0%
|
-12.5%
|
-17.4%
|
+40.2%
|
+17.9%
|
+6.4%
|
+29.2%
|
+0.1%
|
-10.0%
|
+0.4%
|
-5.0%
|
+18.1%
|
| 2019 |
+9.6%
|
+0.8%
|
-0.7%
|
-7.5%
|
-5.4%
|
+16.5%
|
+4.2%
|
+12.3%
|
-11.0%
|
+5.7%
|
-0.7%
|
+12.7%
|
| 2018 |
-1.3%
|
-8.0%
|
+3.9%
|
+2.8%
|
+0.2%
|
-3.5%
|
-4.6%
|
-12.9%
|
-1.5%
|
-3.6%
|
-7.0%
|
+13.2%
|
| 2017 |
+19.1%
|
-5.3%
|
-1.3%
|
-4.2%
|
+1.5%
|
-1.2%
|
+1.2%
|
+2.7%
|
-6.2%
|
-3.6%
|
-2.7%
|
+6.9%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
HL
|
HECLA MINING CO |
10.0 % |
|
NEM
|
NEWMONT CORP |
4.5 % |
|
EXK
|
ENDEAVOUR SILVER CORP |
3.4 % |
|
SVM
|
SILVERCORP METALS INC |
3.1 % |
|
NGD
|
NEW GOLD INC |
1.3 % |
|
SSRM
|
SSR MINING INC |
1.2 % |
Top 10 holdings shown, out of 29 total holdings.
Related ETFs: SLVP vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index, which includes companies that derive at least 50% of their revenue from silver mining or related activities. The index uses a market capitalization weighting methodology, with adjustments for float and liquidity. The fund holds common stocks of silver mining companies across developed and emerging markets. SLVP's portfolio is rebalanced quarterly to maintain alignment with the index composition. The ETF uses a representative sampling strategy to track its index, holding a subset of securities that collectively have investment characteristics similar to the full index.
Frequently Asked Questions
What types of companies does SLVP hold?
SLVP holds companies that derive at least 50% of their revenue from silver mining or related activities, including exploration, development, and production.
How does SLVP differ from physical silver ETFs?
SLVP invests in silver mining companies rather than physical silver, offering potential for leveraged returns but with additional equity market risks.
What geographic regions does SLVP cover?
SLVP provides global exposure to silver miners, with holdings in North America, South America, and other silver-producing regions worldwide.
How often is SLVP rebalanced?
SLVP's portfolio is rebalanced quarterly to maintain alignment with its underlying index composition.
Is SLVP suitable for long-term investors?
SLVP can be part of a long-term portfolio for investors bullish on silver, but its volatility may make it more suitable as a tactical allocation rather than a core holding.
Industry Overview
The SLVP ETF provides exposure to the global silver mining industry, which is closely tied to both industrial demand and investment demand for silver. Silver has unique dual characteristics as both a precious metal and an industrial commodity, with applications in electronics, solar panels, and various manufacturing processes. The iShares MSCI Global Silver and Metals Miners ETF (SLVP) offers investors a way to participate in this sector through a diversified basket of mining companies. Investing in silver miners through SLVP can provide leveraged exposure to silver prices, as mining company profits often amplify movements in the underlying metal price. However, this also introduces additional risks compared to direct silver investments.
Alternative Comparison
Compared to SIL (Global X Silver Miners ETF), SLVP has a slightly different index methodology and lower expense ratio (0.39% vs. 0.65%). While both provide exposure to silver miners, SLVP's MSCI index includes a broader range of market caps. SILJ (ETFMG Prime Junior Silver Miners ETF) focuses specifically on small-cap silver miners, offering potentially higher growth but with greater volatility. For investors seeking broader precious metals exposure, GDX (VanEck Gold Miners ETF) provides access to gold miners, which typically have larger market capitalizations than silver miners.
Issuer Overview
SLVP is issued by iShares, a leading global provider of ETFs and part of BlackRock, the world's largest asset manager. iShares offers a comprehensive range of ETFs across various asset classes, including equities, fixed income, and commodities. The company is known for its index-tracking ETFs that provide cost-efficient access to specific market segments. iShares' scale and experience in ETF management contribute to SLVP's liquidity and tight bid-ask spreads.
Conclusion
SLVP offers investors a cost-efficient way to gain exposure to the global silver mining industry through a single, liquid ETF. Its focus on companies with significant silver mining revenue provides relatively pure exposure to the sector. While silver miners can offer leveraged returns during periods of rising silver prices, investors should be aware of the additional risks compared to physical silver investments. SLVP may be appropriate for investors with a bullish outlook on silver who want to participate through equity exposure rather than direct metal ownership.
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