GLDG vs. SLVP
GLDG (GoldMining Inc) 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 10 years, GLDG returned -9.38%/yr vs 7.89%/yr for SLVP. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
GLDG vs. SLVP - Performance Comparison
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Returns By Period
In the year-to-date period, GLDG achieves a -33.52% return, which is significantly lower than SLVP's -12.97% return. Over the past 10 years, GLDG has underperformed SLVP with an annualized return of -9.38%, while SLVP has yielded a comparatively higher 7.89% annualized return.
GLDG
- 1D
- -3.52%
- 1M
- -10.93%
- 6M
- -47.74%
- YTD
- -33.52%
- 1Y
- 6.96%
- 3Y*
- -3.64%
- 5Y*
- -10.16%
- 10Y*
- -9.38%
- ALL TIME*
- -2.22%
SLVP
- 1D
- -3.63%
- 1M
- -7.59%
- 6M
- -22.73%
- YTD
- -12.97%
- 1Y
- 72.99%
- 3Y*
- 45.49%
- 5Y*
- 16.22%
- 10Y*
- 7.89%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GLDG GoldMining Inc | $491.24K | $545.29K | $1.48M |
| $7.13M | $7.08M | $11.62M |
GLDG vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLDG GoldMining Inc | -33.52% | 55.28% | -17.37% | -13.79% | -5.83% | -44.95% | 113.73% | 78.95% | -45.19% | -32.47% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | -12.97% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
Correlation
The correlation between GLDG and SLVP is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.47 |
Over the past year, GLDG and SLVP have become more correlated (0.76) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
GLDG vs. SLVP — Risk / Return Rank
GLDG
SLVP
GLDG vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc (GLDG) 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.
| GLDG | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.89 | -1.75 |
| Martin ratioReturn relative to average drawdown | 0.25 | 3.87 | -3.62 |
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Drawdowns
GLDG vs. SLVP - Drawdown Comparison
The maximum GLDG drawdown since its inception was -81.97%, roughly equal to the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for GLDG and SLVP.
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Drawdown Indicators
| GLDG | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.97% | -80.47% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -61.75% | -38.97% | -22.78% |
Max Drawdown (3Y)Largest decline over 3 years | -61.75% | -38.97% | -22.78% |
Max Drawdown (5Y)Largest decline over 5 years | -62.98% | -47.73% | -15.25% |
Max Drawdown (10Y)Largest decline over 10 years | -77.95% | -62.03% | -15.92% |
Current DrawdownCurrent decline from peak | -71.34% | -37.22% | -34.12% |
Average DrawdownAverage peak-to-trough decline | -52.25% | -46.67% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.52% | 18.98% | +15.54% |
Volatility
GLDG vs. SLVP - Volatility Comparison
GoldMining Inc (GLDG) and iShares MSCI Global Silver and Metals Miners ETF (SLVP) have volatilities of 14.95% and 14.39%, 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
| GLDG | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.95% | 14.39% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 50.49% | 45.21% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.26% | 56.38% | +13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.68% | 43.62% | +14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.20% | 42.50% | +15.70% |
Dividends
GLDG vs. SLVP - Dividend Comparison
GLDG has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 2.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDG GoldMining Inc | 0.00% | 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 | 2.37% | 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
GLDG and SLVP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDG has higher volatility (14.95%) compared to SLVP (14.39%). In terms of maximum drawdown, GLDG dropped -81.97% vs SLVP's -80.47%.
SLVP currently has the higher Sharpe Ratio (1.30 vs 0.12), 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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