BITS vs. SIL

Last updated Jun 4, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 3 years, BITS returned 49.59%/yr vs 49.15%/yr for SIL. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

BITS vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) 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, BITS achieves a 4.17% return, which is significantly lower than SIL's 4.75% return.

BITS

• 1D: -2.94%
• 1M: -1.76%
• YTD: 4.17%
• 6M: -6.53%
• 1Y: 19.33%
• 3Y*: 49.59%
• 5Y*: —
• 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)

BITS vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	4.17%	14.90%	61.84%	212.23%	-75.46%	-29.31%
SIL Global X Silver Miners ETF	4.75%	166.16%	14.62%	1.31%	-22.83%	-9.75%

Correlation

The correlation between BITS and SIL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.29

BITS vs. SIL - Sectors Allocation Comparison

Sectors	BITS	SIL
Financial Services	72.9%	-
Technology	27.1%	-
Basic Materials	-	99.8%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	0.2%
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BITS vs. SIL — Risk / Return Rank

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

BITS

BITS Risk / Return Rank: 15
BITS Sharpe Ratio Rank: 14
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 14
BITS Martin Ratio Rank: 12

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.

BITS vs. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.

	BITS	SIL	Difference
Sharpe ratio Return per unit of total volatility	0.37	1.83	-1.46
Sortino ratio Return per unit of downside risk	0.86	2.17	-1.31
Omega ratio Gain probability vs. loss probability	1.10	1.30	-0.20
Calmar ratio Return relative to maximum drawdown	0.40	2.79	-2.39
Martin ratio Return relative to average drawdown	0.75	7.14	-6.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITS vs. SIL - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.37, which is lower than the SIL Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BITS 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

	BITS	SIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	1.83	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.14	-0.12

Drawdowns

BITS vs. SIL - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, roughly equal to the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for BITS and SIL.

Drawdown Indicators

	BITS	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-82.99%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-32.91%	-15.47%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-32.91%	-15.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.04%	—
Current Drawdown Current decline from peak	-31.42%	-25.87%	-5.55%
Average Drawdown Average peak-to-trough decline	-42.76%	-51.45%	+8.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.68%	12.82%	+12.86%

Volatility

BITS vs. SIL - Volatility Comparison

The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 12.83%, while Global X Silver Miners ETF (SIL) has a volatility of 17.66%. This indicates that BITS 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

	BITS	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.83%	17.66%	-4.83%
Volatility (6M) Calculated over the trailing 6-month period	40.38%	41.57%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	52.55%	50.01%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.91%	39.21%	+21.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.91%	39.60%	+21.31%

BITS vs. SIL - Expense Ratio Comparison

Both BITS and SIL have an expense ratio of 0.65%.

Dividends

BITS vs. SIL - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 21.88%, more than SIL's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITS Global X Blockchain & Bitcoin Strategy ETF	21.88%	22.80%	29.49%	13.69%	0.48%	1.90%	0.00%	0.00%	0.00%	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 BITS and SIL in my portfolio?

BITS and SIL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITS or SIL?

SIL has higher volatility (17.66%) compared to BITS (12.83%). In terms of maximum drawdown, BITS dropped -83.11% vs SIL's -82.99%.

Which ETF is better, BITS or SIL?

On 3-year performance, BITS leads with 49.59% vs 49.15% for SIL. Both ETFs have the same 0.65% expense ratio. On volatility, BITS has been the lower-risk option at 12.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or SIL?

Over the 3-year period, BITS has performed better with a 49.59% return vs 49.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or SIL?

BITS and SIL have the same expense ratio: 0.65% per year.

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

BITS has the higher dividend yield at 21.88%, compared with 1.13% for SIL.

What is the main difference between BITS and SIL?

BITS is categorized as Cryptocurrency, while SIL is Silver. BITS tracks NONE, while SIL tracks Solactive Global Silver Miners Total Return Index.

Which has better risk-adjusted returns?

SIL currently has the higher Sharpe Ratio (1.83 vs 0.37), 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.