AMG vs SLV vs IVZ Stock Comparison

Affiliated Managers, iShares Silver Trust and Invesco Prices as of Oct 29, 2026 Peers: Industry group
SLV iShares Silver Trust
$47.29 -14.8% 1M +9.4% 1Y
Market cap
$18.32B
P/E
–
Revenue (TTM)
—
Div. yield
–
Asset Management Financial Services
1 win
IVZ Invesco Ltd.
$29.02 -4.6% 1M +20.4% 1Y
Market cap
$12.81B
P/E
–
Revenue (TTM)
$6.90B
Div. yield
2.89%
Asset Management Financial Services
3 wins

Head to Head

11 decided of 12

Affiliated Managers leads on 7 of the 12 questions below (Affiliated Managers 7, Invesco 3, iShares Silver Trust 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMGSLVIVZLeader
Larger companyMarket capitalisation $10.32B $18.32B $12.81B SLV
Cheaper on earningsLower P/E, profitable companies only 12.3x -46.6x -42.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.2x — 10.9x AMG
Faster revenue growthRevenue growth, trailing twelve months +11.8% — +12.2% IVZ
More profitableNet margin, trailing twelve months 37.7% — -4.5% AMG
Better return on capitalReturn on invested capital 16.8% — -1.1% AMG
Less leveragedLower net debt / EBITDA 1.6x — -2.0x IVZ
Higher dividend yieldTrailing dividend yield 0.01% — 2.89% IVZ
Better 1-year returnPrice return, last 12 months +67.8% +9.4% +20.4% AMG
Better 5-year returnAnnualised price return, 5 years +18.9%/yr +16.5%/yr +2.7%/yr AMG
Less volatileAnnualised volatility, 1 year 32.8% 65.9% 34.2% AMG
Higher overall scoreMean of the five percentile scores vs peers 65/100 — 59/100 AMG

Percentile Scorecard

AMGSLVIVZ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMGSLVIVZ
Valuation 82 #34 of 181 – 80 #37 of 181
Growth 62 #42 of 110 – 31 #76 of 110
Profitability 89 #15 of 127 – 43 #73 of 127
Financial Health 42 #94 of 162 – 75 #41 of 162
Shareholder Returns 49 #39 of 76 – 64 #28 of 76
Overall 65 – 59
  • AMG ranked among 209 companies in Asset and Wealth Management
  • SLV ranked among 209 companies in Asset and Wealth Management
  • IVZ ranked among 209 companies in Asset and Wealth Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMGSLVIVZSPY
1 month +7.7%-14.8%-4.6% +0.7%
3 months +9.1%-11.6%-1.3% +3.7%
6 months +35.4%-29.1%+10.7% +7.1%
Year to date +38.4%-26.6%+10.5% +12.8%
1 year +67.8%+9.4%+20.4% +11.9%
3 years +224.7%+121.6%+124.1% +85.2%
3 years, per year +48.1%+30.4%+30.9% +22.8%
5 years +137.7%+114.1%+14.2% +67.6%
5 years, per year +18.9%+16.5%+2.7% +10.9%
10 years +189.6%+180.3%+1.7% +262.0%
10 years, per year +11.2%+10.9%+0.2% +13.7%

Risk

MeasureAMGSLVIVZSPY
Volatility, 1Y 32.8%65.9%34.2% 12.7%
Downside volatility, 1Y 33.2%80.4%36.3% 12.6%
Beta vs S&P 500, 1Y 0.932.091.70 1.00
Return / volatility, 1Y 2.070.140.60 0.94
Max drawdown, 5Y -41.2%-55.2%-54.2% -25.4%
From 52-week high 0.0%-55.2%-12.9% -1.2%
52-week high $399.12$105.60$33.31 $779.14
52-week low $236.68$42.74$22.44 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMGSLVIVZ
P/E now vs peer median 12.3xmedian 33.5x -46.6xmedian 33.5x -42.4xmedian 33.5x
P/S now vs peer median 4.5xmedian 4.9x —median 4.9x 1.9xmedian 4.9x
EV/EBITDA now vs peer median 7.7xmedian 12.0x —median 12.0x -38.6xmedian 12.0x
P/FCF now vs peer median 9.7xmedian 14.3x —median 14.3x 6.7xmedian 14.3x
P/B now vs peer median 2.6xmedian 1.8x —median 1.8x 1.0xmedian 1.8x
PEG now vs peer median 2.36median 0.97 —median 0.97 1.05median 0.97

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMGSLVIVZ
Revenue $2.27B – $6.90B
Operating income – – -$489.80M
Net income $1.05B -$378.20M -$81.50M
Free cash flow $1.06B – $1.92B
EPS (diluted) $31.83 – $-0.68
Cash & equivalents $411.00M – $915.40M
Total debt $3.00B – $1.62B
Shares (diluted) 26.90M – 454.40M
Enterprise value $9.37B $18.32B $9.71B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMGSLVIVZ
P/E 12.3x -46.6x -42.4x
P/FCF 9.7x – 6.7x
P/Operating cash flow 9.6x – 6.4x
P/S 4.5x – 1.9x
P/B 2.6x – 1.0x
P/Tangible book 4.4x – 1.4x
EV/EBITDA 7.7x – -38.6x
EV/EBIT 8.4x – -27.6x
EV/Revenue 5.7x – 2.0x
EV/FCF 12.1x – 7.0x
EV/Operating cash flow 12.0x – 6.7x
PEG (3Y EPS CAGR) 2.36 – 1.05

Growth

14 metrics
MetricAMGSLVIVZ
Revenue growth (1Y) 11.8% – 12.2%
Revenue CAGR (3Y) 1.9% – 6.3%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – -154.2%
Operating income CAGR (3Y) – – -35.5%
Net income growth (1Y) 64.0% -108.9% -110.1%
Net income CAGR (3Y) -8.4% – -28.1%
EPS growth (1Y) 125.9% – -173.2%
EPS CAGR (3Y) 5.2% – -40.4%
Operating cash flow growth (1Y) 16.8% – 64.8%
Operating cash flow CAGR (3Y) 7.0% – 19.1%
Free cash flow growth (1Y) 16.7% – 66.1%
Free cash flow CAGR (3Y) 7.2% – 25.7%

Profitability

14 metrics
MetricAMGSLVIVZ
Gross margin – – –
EBITDA margin 73.6% – -5.1%
Operating margin – – -7.1%
Pretax margin 61.2% – -3.5%
Net margin 37.7% – -4.5%
FCF margin 46.9% – 27.8%
Operating cash flow margin 47.2% – 29.1%
Return on equity 26.6% – -0.6%
Return on assets 11.2% – -0.3%
Return on invested capital 16.8% – -1.1%
Return on capital employed – – –
Asset turnover 0.2x – 0.3x
Cash conversion (OCF / net income) 1.0x – -24.6x
Stock comp / revenue 8.6% – 1.5%

Financial Health

11 metrics
MetricAMGSLVIVZ
Debt / assets 31.9% – 5.9%
Debt / equity 0.8x – 0.1x
Net debt / EBITDA 1.6x – -2.0x
Debt / FCF 2.8x – 0.8x
Liabilities / assets 58.2% – 52.3%
Equity / assets 41.8% – 47.7%
Interest coverage 10.5x – -5.1x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMGSLVIVZ
Dividend yield 0.0% – 2.9%
Net buyback yield 7.7% – 6.0%
Shareholder yield 7.7% – 8.9%
Payout ratio (earnings) – – -468.3%
Payout ratio (FCF) – – 19.9%
Dividend growth (1Y) – – 1.6%
Dividend CAGR (3Y) – – 3.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMGSLVIVZ
Forward P/E 10.2xFY2026 – 10.9xFY2026
EPS, next fiscal year $39.07FY2026 – $2.67FY2026
EPS growth, next FY +50.0%FY2026 – +31.5%FY2026
EPS growth, the year after +5.2% – +14.6%
Revenue, next fiscal year $2.54BFY2026 – $5.75BFY2026
Revenue growth, next FY +22.9%FY2026 – +23.4%FY2026
Revenue growth, the year after +1.9% – +7.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMGSLVIVZ
Held by institutions 95.7% 26.9% 94.2%
Institutions holding 565 1,418 668
Change in shares held, QoQ +1.7% -5.2% +1.5%
Institutions buying 239 582 361
Institutions selling 214 494 226
Buyers to sellers 1.12 1.18 1.60

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMGSLVIVZ
AMG 1.00 0.07 0.54
SLV 0.07 1.00 0.26
IVZ 0.54 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMG, SLV and IVZ?

iShares Silver Trust (SLV) is the largest by market capitalisation: Affiliated Managers (AMG) $10.32B, iShares Silver Trust (SLV) $18.32B, Invesco (IVZ) $12.81B.

Which company is growing faster?

Invesco (IVZ) grew revenue fastest over the trailing twelve months: Affiliated Managers (AMG) +11.8%, Invesco (IVZ) +12.2%.

Which company is more profitable?

Affiliated Managers (AMG) has the highest net margin (Affiliated Managers (AMG) 37.7%, Invesco (IVZ) -4.5%). On return on invested capital, Affiliated Managers (AMG) leads (Affiliated Managers (AMG) 16.8%, Invesco (IVZ) -1.1%).

Which stock has performed better?

Over the past year Affiliated Managers (AMG) returned the most: Affiliated Managers (AMG) +67.8%, iShares Silver Trust (SLV) +9.4%, Invesco (IVZ) +20.4%. Over five years, Affiliated Managers (AMG) compounded fastest (Affiliated Managers (AMG) +18.9%/yr, iShares Silver Trust (SLV) +16.5%/yr, Invesco (IVZ) +2.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Invesco (IVZ) has the highest dividend yield: Affiliated Managers (AMG) 0.01%, Invesco (IVZ) 2.89%. iShares Silver Trust (SLV) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Affiliated Managers (AMG) has been the steadiest (Affiliated Managers (AMG) 32.8%, iShares Silver Trust (SLV) 65.9%, Invesco (IVZ) 34.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMG, SLV and IVZ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Affiliated Managers (AMG) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.