GBUG vs. SIL
GBUG (Sprott Active Gold & Silver Miners ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - GBUG is a Gold fund actively managed by Sprott, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. GBUG is actively managed, while SIL is passively managed. Over the past year, GBUG returned 63.04% vs 90.97% for SIL. Their correlation of 0.94 suggests significant overlap in exposure. GBUG charges 0.89%/yr vs 0.65%/yr for SIL.
Performance
GBUG vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, GBUG achieves a -1.44% return, which is significantly lower than SIL's 5.99% return.
GBUG
- 1D
- 1.17%
- 1M
- 0.96%
- YTD
- -1.44%
- 6M
- 7.57%
- 1Y
- 63.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL
- 1D
- 1.18%
- 1M
- 2.48%
- YTD
- 5.99%
- 6M
- 17.42%
- 1Y
- 90.97%
- 3Y*
- 49.60%
- 5Y*
- 14.23%
- 10Y*
- 10.72%
GBUG vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBUG Sprott Active Gold & Silver Miners ETF | -1.44% | 119.00% |
SIL Global X Silver Miners ETF | 5.99% | 127.98% |
Correlation
The correlation between GBUG and SIL is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.94 |
The correlation between GBUG and SIL has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
GBUG vs. SIL — Risk / Return Rank
GBUG
SIL
GBUG vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Gold & Silver Miners ETF (GBUG) 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.
| GBUG | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.78 | -0.81 |
| Martin ratioReturn relative to average drawdown | 5.05 | 7.07 | -2.02 |
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
| GBUG | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.83 | -0.50 |
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 | 1.74 | 0.14 | +1.60 |
Drawdowns
GBUG vs. SIL - Drawdown Comparison
The maximum GBUG drawdown since its inception was -32.10%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for GBUG and SIL.
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Drawdown Indicators
| GBUG | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.10% | -82.99% | +50.89% |
Max Drawdown (1Y)Largest decline over 1 year | -32.10% | -32.91% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -25.98% | -25.00% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -51.44% | +43.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.52% | 12.91% | -0.39% |
Volatility
GBUG vs. SIL - Volatility Comparison
The current volatility for Sprott Active Gold & Silver Miners ETF (GBUG) is 15.44%, while Global X Silver Miners ETF (SIL) has a volatility of 17.68%. This indicates that GBUG 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
| GBUG | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.44% | 17.68% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 39.41% | 41.56% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.62% | 50.02% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.31% | 39.21% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.31% | 39.60% | +7.71% |
GBUG vs. SIL - Expense Ratio Comparison
GBUG has a 0.89% expense ratio, which is higher than SIL's 0.65% expense ratio.
Dividends
GBUG vs. SIL - Dividend Comparison
GBUG's dividend yield for the trailing twelve months is around 1.58%, more than SIL's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBUG Sprott Active Gold & Silver Miners ETF | 1.58% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIL Global X Silver Miners ETF | 1.12% | 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
With a correlation of 0.94, GBUG and SIL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SIL has higher volatility (17.68%) compared to GBUG (15.44%). In terms of maximum drawdown, GBUG dropped -32.10% vs SIL's -82.99%.
On 1-year performance, SIL leads with 90.97% vs 63.04% for GBUG. On fees, SIL is cheaper at 0.65% per year. On volatility, GBUG has been the lower-risk option at 15.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SIL has performed better with a 90.97% return vs 63.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIL is cheaper with a 0.65% expense ratio, compared with 0.89% for GBUG.
GBUG has the higher dividend yield at 1.58%, compared with 1.12% for SIL.
GBUG is categorized as Gold, while SIL is Silver. They also come from different issuers: Sprott and Global X. Their fees differ too: 0.89% for GBUG and 0.65% for SIL.
SIL currently has the higher Sharpe Ratio (1.83 vs 1.33), 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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