BND vs. SIL
BND (Vanguard Total Bond Market ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted 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, BND returned 1.53%/yr vs 9.24%/yr for SIL. At a 0.17 correlation, their price movements are largely independent. BND charges 0.03%/yr vs 0.65%/yr for SIL.
Performance
BND vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a -0.07% return, which is significantly higher than SIL's -4.72% return. Over the past 10 years, BND has underperformed SIL with an annualized return of 1.53%, while SIL has yielded a comparatively higher 9.24% annualized return.
BND
- 1D
- -0.03%
- 1M
- -0.67%
- YTD
- -0.07%
- 6M
- 0.23%
- 1Y
- 4.87%
- 3Y*
- 3.89%
- 5Y*
- -0.05%
- 10Y*
- 1.53%
SIL
- 1D
- 0.38%
- 1M
- -18.16%
- YTD
- -4.72%
- 6M
- 7.62%
- 1Y
- 66.61%
- 3Y*
- 44.84%
- 5Y*
- 12.27%
- 10Y*
- 9.24%
BND vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | -0.07% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
SIL Global X Silver Miners ETF | -4.72% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
Correlation
The correlation between BND and SIL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010 | 0.17 |
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Return for Risk
BND vs. SIL — Risk / Return Rank
BND
SIL
BND vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) 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.
| BND | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.03 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.43 | 5.05 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BND | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.31 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.31 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.23 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.12 | +0.46 |
Drawdowns
BND vs. SIL - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for BND and SIL.
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Drawdown Indicators
| BND | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -82.99% | +64.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -32.91% | +30.23% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -32.91% | +26.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -55.08% | +37.17% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -63.04% | +44.46% |
Current DrawdownCurrent decline from peak | -2.70% | -32.58% | +29.88% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -51.43% | +48.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 13.24% | -12.34% |
Volatility
BND vs. SIL - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.20%, while Global X Silver Miners ETF (SIL) has a volatility of 18.38%. This indicates that BND 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
| BND | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 18.38% | -17.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 43.02% | -40.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 51.09% | -47.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 39.48% | -33.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 39.73% | -34.20% |
BND vs. SIL - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than SIL's 0.65% expense ratio.
Dividends
BND vs. SIL - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.98%, more than SIL's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SIL Global X Silver Miners ETF | 1.24% | 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
BND and SIL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (18.38%) compared to BND (1.20%). In terms of maximum drawdown, BND dropped -18.58% vs SIL's -82.99%.
On 10-year performance, SIL leads with 9.24% vs 1.53% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. 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 9.24% return vs 1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.65% for SIL.
BND has the higher dividend yield at 3.98%, compared with 1.24% for SIL.
BND is categorized as Total Bond Market, while SIL is Silver. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while SIL tracks Solactive Global Silver Miners Total Return Index. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.03% for BND and 0.65% for SIL.
BND currently has the higher Sharpe Ratio (1.32 vs 1.31), 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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