- Issuer
- Global X
- Inception Date
- May 6, 2022
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X Silver Miners UCITS ETF USD Acc
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
SILV.L Performance Chart
Global X Silver Miners UCITS ETF USD Acc (SILV.L) is down 11.2% since the beginning of the year. SILV.L is currently trading at $36 per share.
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Returns By Period
Global X Silver Miners UCITS ETF USD Acc (SILV.L) has returned -11.23% so far this year and 55.14% over the past 12 months.
Global X Silver Miners UCITS ETF USD Acc
- 1D
- -0.13%
- 1M
- -15.41%
- 6M
- -22.68%
- YTD
- -11.23%
- 1Y
- 55.14%
- 3Y*
- 41.08%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
SILV.L Monthly Returns History
Based on dividend-adjusted daily data since May 9, 2022, SILV.L's average daily return is +0.13%, while the average monthly return is +2.47%. At this rate, an investment would double in approximately 2.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Sep 2025 with a return of +25.0%, while the worst month was Mar 2026 at -25.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SILV.L closed higher 50% of trading days. The best single day was May 17, 2024 with a return of +21.2%, while the worst single day was Oct 21, 2025 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 20.04% | 16.55% | -25.36% | 0.91% | 5.16% | -16.90% | -3.61% | -11.23% | |||||
| 2025 | 10.19% | -2.47% | 12.96% | 3.47% | 6.00% | 12.45% | -0.23% | 21.51% | 25.04% | -6.41% | 17.56% | 9.11% | 172.49% |
| 2024 | -9.95% | -11.97% | 20.02% | 12.21% | 13.09% | -8.18% | 5.21% | -5.08% | 11.25% | 7.52% | -4.53% | -11.59% | 11.77% |
| 2023 | 5.64% | -12.96% | 16.28% | -3.60% | -8.88% | -5.22% | 8.70% | -4.74% | -9.87% | 0.81% | 13.02% | 4.61% | -0.99% |
| 2022 | 1.77% | -15.47% | 1.13% | -8.60% | 2.53% | 3.22% | 11.66% | 2.08% | -4.08% |
Benchmark Metrics
Global X Silver Miners UCITS ETF USD Acc has an annualized alpha of 21.41%, beta of 0.59, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since May 09, 2022.
- This ETF captured 105.24% of S&P 500 Index gains but only 85.78% of its losses - a favorable profile for investors.
- Beta of 0.59 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 21.41%
- Beta
- 0.59
- R²
- 0.05
- Upside Capture
- 105.24%
- Downside Capture
- 85.78%
Return for Risk
Risk / Return Rank
SILV.L ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Silver Miners UCITS ETF USD Acc (SILV.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SILV.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.35 | -0.94 |
| Martin ratioReturn relative to average drawdown | 3.13 | 10.19 | -7.06 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Silver Miners UCITS ETF USD Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Silver Miners UCITS ETF USD Acc was 38.97%, occurring on Jul 8, 2026. The portfolio has not yet recovered.
The current Global X Silver Miners UCITS ETF USD Acc drawdown is 37.24%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.97%Jul 2026 | 5mo 12d | — | 5mo 20dJan 2026 - now | — |
-31.34%Feb 2024 | 10mo 20d | 2mo 17d | 1y 1moApr 2023 - May 2024 | — |
-30.51%Sep 2022 | 4mo | 3mo 17d | 7mo 17dMay 2022 - Jan 2023 | Bear market2022 |
-25.60%Aug 2024 | 2mo 18d | 2mo 17d | 5mo 5dMay 2024 - Oct 2024 | — |
-25.15%Dec 2024 | 2mo 1d | 3mo 17d | 5mo 18dOct 2024 - Apr 2025 | — |
Drawdown Indicators
| SILV.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.97% | -56.78% | +17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -38.97% | -9.10% | -29.87% |
Max Drawdown (3Y)Largest decline over 3 years | -38.97% | -18.90% | -20.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -37.24% | -0.49% | -36.75% |
Average DrawdownAverage peak-to-trough decline | -14.11% | -10.70% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 2.09% | +15.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with SILV.L
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