AIQ vs. SIL

Last updated Jun 4, 2026

AIQ (Global X Artificial Intelligence & Technology ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 5 years, AIQ returned 19.07%/yr vs 13.96%/yr for SIL. At a 0.30 correlation, their price movements are largely independent. AIQ charges 0.68%/yr vs 0.65%/yr for SIL.

Performance

AIQ vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Artificial Intelligence & Technology ETF (AIQ) and Global X Silver Miners ETF (SIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIQ achieves a 35.98% return, which is significantly higher than SIL's 4.75% return.

AIQ

• 1D: -1.40%
• 1M: 21.10%
• YTD: 35.98%
• 6M: 36.15%
• 1Y: 69.19%
• 3Y*: 37.50%
• 5Y*: 19.07%
• 10Y*: —

SIL

• 1D: -4.96%
• 1M: 0.68%
• YTD: 4.75%
• 6M: 15.66%
• 1Y: 91.23%
• 3Y*: 49.15%
• 5Y*: 13.96%
• 10Y*: 10.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIQ vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	35.98%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.03%
SIL Global X Silver Miners ETF	4.75%	166.16%	14.62%	1.31%	-22.83%	-18.35%	40.30%	34.78%	-17.30%

Correlation

The correlation between AIQ and SIL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 17, 2018	0.30

AIQ vs. SIL - Sectors Allocation Comparison

Sectors	AIQ	SIL
Technology	73.3%	-
Communication Services	13.2%	-
Consumer Cyclical	8.5%	-
Industrials	4.2%	-
Healthcare	0.4%	-
Financial Services	0.4%	-
Basic Materials	-	99.8%
Consumer Defensive	-	0.2%
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AIQ vs. SIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIQ

AIQ Risk / Return Rank: 81
AIQ Sharpe Ratio Rank: 88
AIQ Sortino Ratio Rank: 81
AIQ Omega Ratio Rank: 80
AIQ Calmar Ratio Rank: 80
AIQ Martin Ratio Rank: 75

SIL

SIL Risk / Return Rank: 48
SIL Sharpe Ratio Rank: 52
SIL Sortino Ratio Rank: 43
SIL Omega Ratio Rank: 46
SIL Calmar Ratio Rank: 55
SIL Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIQ vs. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and Global X Silver Miners ETF (SIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIQ	SIL	Difference
Sharpe ratio: Return per unit of total volatility	3.02	1.83	+1.18
Sortino ratio: Return per unit of downside risk	3.70	2.17	+1.53
Omega ratio: Gain probability vs. loss probability	1.49	1.30	+0.19
Calmar ratio: Return relative to maximum drawdown	4.22	2.79	+1.43
Martin ratio: Return relative to average drawdown	14.59	7.14	+7.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIQ vs. SIL - Sharpe Ratio Comparison

The current AIQ Sharpe Ratio is 3.02, which is higher than the SIL Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of AIQ and SIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIQ	SIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	1.83	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.36	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.14	+0.70

Drawdowns

AIQ vs. SIL - Drawdown Comparison

The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for AIQ and SIL.

Drawdown Indicators

	AIQ	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-82.99%	+38.33%
Max Drawdown (1Y) Largest decline over 1 year	-16.47%	-32.91%	+16.44%
Max Drawdown (3Y) Largest decline over 3 years	-26.35%	-32.91%	+6.56%
Max Drawdown (5Y) Largest decline over 5 years	-44.66%	-55.08%	+10.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.04%	—
Current Drawdown Current decline from peak	-1.40%	-25.87%	+24.47%
Average Drawdown Average peak-to-trough decline	-9.80%	-51.45%	+41.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	12.82%	-8.06%

Volatility

AIQ vs. SIL - Volatility Comparison

The current volatility for Global X Artificial Intelligence & Technology ETF (AIQ) is 8.60%, while Global X Silver Miners ETF (SIL) has a volatility of 17.66%. This indicates that AIQ experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIQ	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.60%	17.66%	-9.06%
Volatility (6M) Calculated over the trailing 6-month period	18.46%	41.57%	-23.11%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	50.01%	-26.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.33%	39.21%	-13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	39.60%	-14.10%

AIQ vs. SIL - Expense Ratio Comparison

AIQ has a 0.68% expense ratio, which is higher than SIL's 0.65% expense ratio.

Dividends

AIQ vs. SIL - Dividend Comparison

AIQ's dividend yield for the trailing twelve months is around 0.14%, less than SIL's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.14%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	0.00%	0.00%	0.00%
SIL Global X Silver Miners ETF	1.13%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%

Frequently Asked Questions

Can I hold both AIQ and SIL in my portfolio?

AIQ and SIL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIQ or SIL?

SIL has higher volatility (17.66%) compared to AIQ (8.60%). In terms of maximum drawdown, AIQ dropped -44.66% vs SIL's -82.99%.

Which ETF is better, AIQ or SIL?

On 5-year performance, AIQ leads with 19.07% vs 13.96% for SIL. On fees, SIL is cheaper at 0.65% per year. On volatility, AIQ has been the lower-risk option at 8.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIQ or SIL?

Over the 5-year period, AIQ has performed better with a 19.07% return vs 13.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIQ or SIL?

SIL is cheaper with a 0.65% expense ratio, compared with 0.68% for AIQ.

Which ETF pays a higher dividend yield, AIQ or SIL?

SIL has the higher dividend yield at 1.13%, compared with 0.14% for AIQ.

What is the main difference between AIQ and SIL?

AIQ is categorized as Technology Equities, while SIL is Silver. AIQ tracks Indxx Artificial Intelligence & Big Data Index, while SIL tracks Solactive Global Silver Miners Total Return Index. Their fees differ too: 0.68% for AIQ and 0.65% for SIL.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (3.02 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.