EQX vs. SLVP
EQX (Equinox Gold Corp.) is a stock, while SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Over the past 5 years, EQX returned 4.72%/yr vs 15.97%/yr for SLVP. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
EQX vs. SLVP - Performance Comparison
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Returns By Period
In the year-to-date period, EQX achieves a -19.91% return, which is significantly lower than SLVP's 2.25% return.
EQX
- 1D
- -7.35%
- 1M
- -18.95%
- YTD
- -19.91%
- 6M
- -18.40%
- 1Y
- 62.96%
- 3Y*
- 32.99%
- 5Y*
- 4.72%
- 10Y*
- —
SLVP
- 1D
- -5.14%
- 1M
- 1.42%
- YTD
- 2.25%
- 6M
- 13.09%
- 1Y
- 112.07%
- 3Y*
- 52.07%
- 5Y*
- 15.97%
- 10Y*
- 13.67%
EQX vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EQX Equinox Gold Corp. | -19.91% | 179.68% | 2.66% | 49.09% | -51.48% | -34.62% | 34.29% | 106.43% | -12.75% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.25% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -12.34% |
Correlation
The correlation between EQX and SLVP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2018 | 0.75 |
The correlation between EQX and SLVP has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
EQX vs. SLVP — Risk / Return Rank
EQX
SLVP
EQX vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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.
| EQX | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.36 | -1.78 |
| Martin ratioReturn relative to average drawdown | 4.11 | 8.53 | -4.42 |
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
| EQX | SLVP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 2.12 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.38 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.09 | +0.15 |
Drawdowns
EQX vs. SLVP - Drawdown Comparison
The maximum EQX drawdown since its inception was -81.06%, roughly equal to the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for EQX and SLVP.
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Drawdown Indicators
| EQX | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.06% | -80.47% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -40.06% | -33.57% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -40.06% | -33.57% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -72.17% | -54.78% | -17.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.03% | — |
Current DrawdownCurrent decline from peak | -40.06% | -26.25% | -13.81% |
Average DrawdownAverage peak-to-trough decline | -38.12% | -46.82% | +8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.35% | 13.18% | +2.17% |
Volatility
EQX vs. SLVP - Volatility Comparison
Equinox Gold Corp. (EQX) has a higher volatility of 19.46% compared to iShares MSCI Global Silver and Metals Miners ETF (SLVP) at 17.59%. This indicates that EQX's price experiences larger fluctuations and is considered to be riskier than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQX | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.46% | 17.59% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 47.31% | 43.22% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.00% | 53.06% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.44% | 42.76% | +14.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.41% | 42.24% | +13.17% |
Dividends
EQX vs. SLVP - Dividend Comparison
EQX's dividend yield for the trailing twelve months is around 0.27%, less than SLVP's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQX Equinox Gold Corp. | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 1.74% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
Frequently Asked Questions
EQX and SLVP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQX has higher volatility (19.46%) compared to SLVP (17.59%). In terms of maximum drawdown, EQX dropped -81.06% vs SLVP's -80.47%.
SLVP currently has the higher Sharpe Ratio (2.12 vs 1.05), 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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