GBUG vs. SLVP
GBUG (Sprott Active Gold & Silver Miners ETF) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both exchange-traded funds - GBUG is a Gold fund actively managed by Sprott, while SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. GBUG is actively managed, while SLVP is passively managed. Over the past year, GBUG returned 63.91% vs 89.99% for SLVP. Their correlation of 0.93 suggests significant overlap in exposure. GBUG charges 0.89%/yr vs 0.39%/yr for SLVP.
Performance
GBUG vs. SLVP - Performance Comparison
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Returns By Period
In the year-to-date period, GBUG achieves a -5.10% return, which is significantly lower than SLVP's -4.09% return.
GBUG
- 1D
- -0.47%
- 1M
- -2.45%
- YTD
- -5.10%
- 6M
- -9.63%
- 1Y
- 63.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLVP
- 1D
- -0.97%
- 1M
- -5.98%
- YTD
- -4.09%
- 6M
- -7.77%
- 1Y
- 89.99%
- 3Y*
- 53.03%
- 5Y*
- 17.18%
- 10Y*
- 12.10%
GBUG vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBUG Sprott Active Gold & Silver Miners ETF | -5.10% | 122.37% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | -4.09% | 157.54% |
Correlation
The correlation between GBUG and SLVP 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 20, 2025 | 0.93 |
The correlation between GBUG and SLVP has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
GBUG vs. SLVP — Risk / Return Rank
GBUG
SLVP
GBUG vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Gold & Silver Miners ETF (GBUG) 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.
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.
| GBUG | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.38 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.61 | 6.08 | -1.47 |
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Drawdowns
GBUG vs. SLVP - Drawdown Comparison
The maximum GBUG drawdown since its inception was -36.90%, smaller than the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for GBUG and SLVP.
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Drawdown Indicators
| GBUG | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.90% | -80.47% | +43.57% |
Max Drawdown (1Y)Largest decline over 1 year | -36.90% | -38.06% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.03% | — |
Current DrawdownCurrent decline from peak | -28.73% | -30.82% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -46.75% | +38.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 14.84% | -0.94% |
Volatility
GBUG vs. SLVP - Volatility Comparison
Sprott Active Gold & Silver Miners ETF (GBUG) and iShares MSCI Global Silver and Metals Miners ETF (SLVP) have volatilities of 18.68% and 18.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBUG | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.68% | 18.72% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 42.14% | 45.60% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.10% | 55.19% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.46% | 43.23% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.46% | 42.52% | +5.94% |
GBUG vs. SLVP - Expense Ratio Comparison
GBUG has a 0.89% expense ratio, which is higher than SLVP's 0.39% expense ratio.
Dividends
GBUG vs. SLVP - Dividend Comparison
GBUG's dividend yield for the trailing twelve months is around 1.64%, less than SLVP's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBUG Sprott Active Gold & Silver Miners ETF | 1.64% | 1.56% | 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 | 2.15% | 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
With a correlation of 0.94, GBUG and SLVP 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.
SLVP has higher volatility (18.72%) compared to GBUG (18.68%). In terms of maximum drawdown, GBUG dropped -36.90% vs SLVP's -80.47%.
On 1-year performance, SLVP leads with 89.99% vs 63.91% for GBUG. On fees, SLVP is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLVP has performed better with a 89.99% return vs 63.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLVP is cheaper with a 0.39% expense ratio, compared with 0.89% for GBUG.
SLVP has the higher dividend yield at 2.15%, compared with 1.64% for GBUG.
GBUG is categorized as Gold, while SLVP is Silver. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.89% for GBUG and 0.39% for SLVP.
SLVP currently has the higher Sharpe Ratio (1.64 vs 1.28), 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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