ALTY vs. SIL
ALTY (Global X Alternative Income ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 10 years, ALTY returned 6.15%/yr vs 8.64%/yr for SIL. At a 0.27 correlation, their price movements are largely independent. ALTY charges 0.50%/yr vs 0.65%/yr for SIL.
Performance
ALTY vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, ALTY achieves a 6.45% return, which is significantly higher than SIL's -5.97% return. Over the past 10 years, ALTY has underperformed SIL with an annualized return of 6.15%, while SIL has yielded a comparatively higher 8.64% annualized return.
ALTY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 6.45%
- 6M
- 6.36%
- 1Y
- 14.94%
- 3Y*
- 11.73%
- 5Y*
- 5.49%
- 10Y*
- 6.15%
SIL
- 1D
- -5.47%
- 1M
- -10.87%
- YTD
- -5.97%
- 6M
- -10.24%
- 1Y
- 65.33%
- 3Y*
- 47.37%
- 5Y*
- 13.84%
- 10Y*
- 8.64%
ALTY vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 6.45% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
SIL Global X Silver Miners ETF | -5.97% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
Correlation
The correlation between ALTY 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 | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2015 | 0.27 |
The correlation between ALTY and SIL shifts across timeframes, from 0.27 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ALTY vs. SIL — Risk / Return Rank
ALTY
SIL
ALTY vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) 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.
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.
| ALTY | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.23 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.77 | +1.69 |
| Martin ratioReturn relative to average drawdown | 15.92 | 4.50 | +11.42 |
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Drawdowns
ALTY vs. SIL - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for ALTY and SIL.
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Drawdown Indicators
| ALTY | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -82.99% | +31.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -37.08% | +32.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -37.08% | +27.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -49.48% | +31.00% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | -63.04% | +11.57% |
Current DrawdownCurrent decline from peak | -0.32% | -33.47% | +33.15% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -51.37% | +44.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 14.58% | -13.64% |
Volatility
ALTY vs. SIL - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 1.56%, while Global X Silver Miners ETF (SIL) has a volatility of 19.47%. This indicates that ALTY 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.
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Volatility by Period
| ALTY | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 19.47% | -17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 44.45% | -39.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 52.59% | -46.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.57% | 39.84% | -29.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 39.90% | -23.35% |
ALTY vs. SIL - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is lower than SIL's 0.65% expense ratio.
Dividends
ALTY vs. SIL - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.46%, more than SIL's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.46% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
SIL Global X Silver Miners ETF | 1.26% | 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
ALTY 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.
SIL has higher volatility (19.47%) compared to ALTY (1.56%). In terms of maximum drawdown, ALTY dropped -51.47% vs SIL's -82.99%.
On 10-year performance, SIL leads with 8.64% vs 6.15% for ALTY. On fees, ALTY is cheaper at 0.50% per year. On volatility, ALTY has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIL has performed better with a 8.64% return vs 6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ALTY is cheaper with a 0.50% expense ratio, compared with 0.65% for SIL.
ALTY has the higher dividend yield at 7.46%, compared with 1.26% for SIL.
ALTY is categorized as Global Allocation, while SIL is Silver. ALTY tracks Indxx SuperDividend Alternatives Index, while SIL tracks Solactive Global Silver Miners Total Return Index. Their fees differ too: 0.50% for ALTY and 0.65% for SIL.
ALTY currently has the higher Sharpe Ratio (2.55 vs 1.25), 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.
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