GJGB.L vs. SLVI.L

Last updated Jun 5, 2026

GJGB.L (VanEck Junior Gold Miners UCITS ETF) and SLVI.L (IncomeShares Silver+ Yield ETP) are both exchange-traded funds - GJGB.L is a Gold fund tracking the MVIS Global Junior Gold Miners Index, while SLVI.L is a Silver fund actively managed by IncomeShares. GJGB.L is passively managed, while SLVI.L is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. GJGB.L charges 0.55%/yr vs 0.35%/yr for SLVI.L.

Performance

GJGB.L vs. SLVI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Junior Gold Miners UCITS ETF (GJGB.L) and IncomeShares Silver+ Yield ETP (SLVI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GJGB.L is traded in GBP, while SLVI.L is traded in USD. To make them comparable, the SLVI.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GJGB.L achieves a -1.48% return, which is significantly higher than SLVI.L's -2.81% return.

GJGB.L

• 1D: 0.69%
• 1M: -7.95%
• YTD: -1.48%
• 6M: 6.02%
• 1Y: 64.29%
• 3Y*: 42.48%
• 5Y*: 18.91%
• 10Y*: —

SLVI.L

• 1D: 0.45%
• 1M: 1.06%
• YTD: -2.81%
• 6M: 16.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GJGB.L vs. SLVI.L - Yearly Performance Comparison

	2026 (YTD)	2025
GJGB.L VanEck Junior Gold Miners UCITS ETF	-1.48%	77.06%
SLVI.L IncomeShares Silver+ Yield ETP	-2.84%	76.34%

Correlation

The correlation between GJGB.L and SLVI.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.70

Return for Risk

GJGB.L vs. SLVI.L — Risk / Return Rank

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

GJGB.L

GJGB.L Risk / Return Rank: 40
GJGB.L Sharpe Ratio Rank: 41
GJGB.L Sortino Ratio Rank: 38
GJGB.L Omega Ratio Rank: 38
GJGB.L Calmar Ratio Rank: 45
GJGB.L Martin Ratio Rank: 35

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.

GJGB.L vs. SLVI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS ETF (GJGB.L) and IncomeShares Silver+ Yield ETP (SLVI.L). 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.

	GJGB.L	SLVI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.18	—	—
Martin ratio: Return relative to average drawdown	5.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GJGB.L	SLVI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.57	-1.17

Drawdowns

GJGB.L vs. SLVI.L - Drawdown Comparison

The maximum GJGB.L drawdown since its inception was -49.12%, which is greater than SLVI.L's maximum drawdown of -35.73%. Use the drawdown chart below to compare losses from any high point for GJGB.L and SLVI.L.

Drawdown Indicators

	GJGB.L	SLVI.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.12%	-35.73%	-13.39%
Max Drawdown (1Y) Largest decline over 1 year	-29.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.65%	—	—
Current Drawdown Current decline from peak	-27.14%	-32.25%	+5.11%
Average Drawdown Average peak-to-trough decline	-22.35%	-11.40%	-10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.37%	—	—

Volatility

Volatility by Period

	GJGB.L	SLVI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.62%	50.00%	-4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.94%	50.00%	-13.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.80%	50.00%	-13.20%

GJGB.L vs. SLVI.L - Expense Ratio Comparison

GJGB.L has a 0.55% expense ratio, which is higher than SLVI.L's 0.35% expense ratio.

Dividends

GJGB.L vs. SLVI.L - Dividend Comparison

GJGB.L has not paid dividends to shareholders, while SLVI.L's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
GJGB.L VanEck Junior Gold Miners UCITS ETF	0.00%	0.00%
SLVI.L IncomeShares Silver+ Yield ETP	0.11%	0.02%

Frequently Asked Questions

Can I hold both GJGB.L and SLVI.L in my portfolio?

GJGB.L and SLVI.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GJGB.L or SLVI.L?

On fees, SLVI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GJGB.L or SLVI.L?

SLVI.L is cheaper with a 0.35% expense ratio, compared with 0.55% for GJGB.L.

What is the main difference between GJGB.L and SLVI.L?

GJGB.L is categorized as Gold, while SLVI.L is Silver. They also come from different issuers: VanEck and IncomeShares. Their fees differ too: 0.55% for GJGB.L and 0.35% for SLVI.L.