Commodities: Precious Metals Silver
With 5 ETFs and over $5.86B in combined AUM, the Commodities: Precious Metals Silver segment provides exposure to the Global space with a focus on Silver securities.
Year-to-date, the best-performing ETF in the segment is the Credit Suisse X-Links Silver Shares Covered Call ETN (SLVO), with a total return of 1.39%. Meanwhile, the most popular ETF is the iShares Silver Trust (SLV) with $5.45BB in assets under management.
Investors should take a look at the ETFS Physical Silver Shares (SIVR). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. The ETFS Physical Silver ETF tracks the silver spot price less holding costs using silver bullion held in vaults by HSBC. SIVR has an expense ratio of 0.30% and tracks the Silver Spot Price.
ETF.com Efficiency Insight
The average efficiency score in the Commodities: Precious Metals Silver segment is 81 out of 100, with the ETFS Physical Silver Shares(SIVR) obtaining the highest rating of 94 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.53% per year, with the ETFS Physical Silver Shares (SIVR) having the lowest expense ratio, charging investors 0.30% yearly.
Investors should look for funds with tight tracking, such as the ETFS Physical Silver Shares (SIVR), with a 12-month median tracking difference of -0.28%.
ETF.com Tradability Insight
The average tradability score in the Commodities: Precious Metals Silver segment is 72 out of 100, with the iShares Silver Trust(SLV) obtaining the highest rating of 97 out of 100.
The iShares Silver Trust (SLV) is the undisputed segment leader when it comes to liquidity. The fund trades 121.90M in daily average volume. Investors should also find ample liquidity in the ETFS Physical Silver Shares (SIVR), with $1.88M in daily dollar volume.
Use limit orders to trade funds such as the ETRACS UBS Bloomberg CMCI Silver Total Return ETN(USV), due to their double-digit market spreads.
ETF.com Fit Insight
The Silver Spot Price has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to SIVR. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, USV follows a Laddered strategy and obtains a low Fit score compared with our neutral benchmark.