SLVP
iShares MSCI Global Silver Miners ETF
iShares MSCI Global Silver Miners Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Silver Miners Investable Market Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
242.5 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Funds/USA |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 31, 2012 |
| Assets (mns) | $243 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PAN AMERICAN SILVER CORP | 22.6 % |
| HECLA MINING CO | 8.7 % |
| INDUSTRIAS PENOLES SAB DE CV | 7.5 % |
| NEWMONT MINING CORP | 5.5 % |
| FIRST MAJESTIC SILVER CORP | 5.0 % |
| MAG SILVER CORP | 5.0 % |
| SILVERCREST METALS, INC. | 4.9 % |
| SILVER WHEATON CORP | 4.6 % |
| FORTUNA MINING CORP | 4.4 % |
| AGNICO-EAGLE MINES LTD | 4.3 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 872 |
| Wgt avg mkt cap (mns) | $7,789 |
| Large cap (>$10bn) | 17.2% |
| Mid cap ($2-10bn) | 48.1% |
| Small cap (<$2bn) | 34.7% |
| Developed mkts. | 89.8% |
| Emerging mkts. | 10.2% |
Country Exposure
 |
CANADA | 64.8 % |
 |
UNITED STATES | 17.7 % |
 |
MEXICO | 7.5 % |
 |
JAPAN | 2.9 % |
 |
SOUTH AFRICA | 1.4 % |
 |
PERU | 0.8 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.3% | 33.2% | 11.7% | -4.9% | 3.9% | 4.6% | -4.8% | Volatility | 39.5% | 39.0% | 37.6% | 39.7% | 45.5% | 41.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 16% |
| MSCI EAFE | 0.99 | 25% |
| MSCI Emg Mkts | 0.96 | 22% |
Liquidity Measures
| Avg. volume (000) | 165 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $1,015 |
Technical Indicators
| Recent close | $13.18 |
| 30d moving avg. | $14.06 |
| Annualized volatility | 35.4% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SLVP |
Expenses vs. SLVP |
ALTAR Score™ vs. SLVP |
|---|---|---|---|---|
| AGMI | Themes Silver Miners ETF | 54.3% | -4 bp | +1.3% |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 42.0% | +30 bp | -1.7% |
| SIL | Global X Silver Miners ETF | 24.8% | +26 bp | -1.1% |
| RING | iShares MSCI Global Gold Miners ETF | 24.3% | 0 bp | +2.3% |
| SGDM | Sprott Gold Miners ETF | 19.9% | +11 bp | +2.1% |
| GOEX | Global X Gold Explorers ETF | 13.0% | +26 bp | +1.2% |
| GDXJ | VanEck Junior Gold Miners ETF | 10.6% | +13 bp | +1.2% |
| NANR | SPDR S&P North American Natural Resources ETF | 10.0% | -4 bp | +4.1% |
Risk and Returns: SLVP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SLVP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SLVP
3.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. SLVP's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SLVP in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SLVPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| SLVP (39 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SLVP | 39.0 | 39.2 | 78.2 |
| Peer Avg. | 49.9 | 29.4 | 79.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .