EMC vs. SIL

Last updated Jun 24, 2026

EMC (Global X Emerging Markets Great Consumer ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - EMC is a Emerging Markets Diversified fund actively managed by Global X, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. EMC is actively managed, while SIL is passively managed. Over the past 3 years, EMC returned 15.69%/yr vs 47.37%/yr for SIL. At a 0.44 correlation, their price movements are largely independent. EMC charges 0.75%/yr vs 0.65%/yr for SIL.

Performance

EMC vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets Great Consumer ETF (EMC) 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, EMC achieves a 20.87% return, which is significantly higher than SIL's -5.97% return.

EMC

• 1D: -5.16%
• 1M: 2.68%
• YTD: 20.87%
• 6M: 22.02%
• 1Y: 31.90%
• 3Y*: 15.69%
• 5Y*: —
• 10Y*: —

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%

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

EMC vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	20.87%	18.91%	3.75%	1.62%
SIL Global X Silver Miners ETF	-5.97%	166.16%	14.62%	-1.56%

Correlation

The correlation between EMC and SIL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 15, 2023	0.44

Return for Risk

EMC vs. SIL — Risk / Return Rank

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

EMC

EMC Risk / Return Rank: 46
EMC Sharpe Ratio Rank: 43
EMC Sortino Ratio Rank: 41
EMC Omega Ratio Rank: 45
EMC Calmar Ratio Rank: 50
EMC Martin Ratio Rank: 52

SIL

SIL Risk / Return Rank: 35
SIL Sharpe Ratio Rank: 36
SIL Sortino Ratio Rank: 33
SIL Omega Ratio Rank: 35
SIL Calmar Ratio Rank: 37
SIL Martin Ratio Rank: 32

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.

EMC vs. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) 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.

	EMC	SIL	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.25	+0.15
Sortino ratio: Return per unit of downside risk	1.96	1.69	+0.27
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.31	1.77	+0.54
Martin ratio: Return relative to average drawdown	8.19	4.50	+3.69

EMC vs. SIL - Sharpe Ratio Comparison

The current EMC Sharpe Ratio is 1.40, which is comparable to the SIL Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of EMC 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.

Drawdowns

EMC vs. SIL - Drawdown Comparison

The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for EMC and SIL.

Drawdown Indicators

	EMC	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-82.99%	+64.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-37.08%	+23.19%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-37.08%	+18.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-49.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.04%	—
Current Drawdown Current decline from peak	-5.16%	-33.47%	+28.31%
Average Drawdown Average peak-to-trough decline	-4.11%	-51.37%	+47.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	14.58%	-10.67%

Volatility

EMC vs. SIL - Volatility Comparison

The current volatility for Global X Emerging Markets Great Consumer ETF (EMC) is 11.79%, while Global X Silver Miners ETF (SIL) has a volatility of 19.47%. This indicates that EMC 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

	EMC	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.79%	19.47%	-7.68%
Volatility (6M) Calculated over the trailing 6-month period	20.86%	44.45%	-23.59%
Volatility (1Y) Calculated over the trailing 1-year period	22.90%	52.59%	-29.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	39.84%	-20.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	39.90%	-20.60%

EMC vs. SIL - Expense Ratio Comparison

EMC has a 0.75% expense ratio, which is higher than SIL's 0.65% expense ratio.

Dividends

EMC vs. SIL - Dividend Comparison

EMC's dividend yield for the trailing twelve months is around 0.65%, less than SIL's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMC Global X Emerging Markets Great Consumer ETF	0.65%	0.78%	1.13%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both EMC and SIL in my portfolio?

EMC and SIL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMC or SIL?

SIL has higher volatility (19.47%) compared to EMC (11.79%). In terms of maximum drawdown, EMC dropped -18.38% vs SIL's -82.99%.

Which ETF is better, EMC or SIL?

On 3-year performance, SIL leads with 47.37% vs 15.69% for EMC. On fees, SIL is cheaper at 0.65% per year. On volatility, EMC has been the lower-risk option at 11.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMC or SIL?

Over the 3-year period, SIL has performed better with a 47.37% return vs 15.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMC or SIL?

SIL is cheaper with a 0.65% expense ratio, compared with 0.75% for EMC.

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

SIL has the higher dividend yield at 1.26%, compared with 0.65% for EMC.

What is the main difference between EMC and SIL?

EMC is categorized as Emerging Markets Diversified, while SIL is Silver. Their fees differ too: 0.75% for EMC and 0.65% for SIL.

Which has better risk-adjusted returns?

EMC currently has the higher Sharpe Ratio (1.40 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.