GLTR vs. SI=F

Last updated Jun 5, 2026

GLTR (Aberdeen Standard Physical Precious Metals Basket Shares ETF) is Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index, while SI=F (Silver) is an asset. Over the past 10 years, GLTR returned 13.23%/yr vs 16.24%/yr for SI=F. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

GLTR vs. SI=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) and Silver (SI=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLTR achieves a 2.41% return, which is significantly lower than SI=F's 4.38% return. Over the past 10 years, GLTR has underperformed SI=F with an annualized return of 13.23%, while SI=F has yielded a comparatively higher 16.24% annualized return.

GLTR

• 1D: 0.93%
• 1M: -1.04%
• YTD: 2.41%
• 6M: 12.80%
• 1Y: 53.69%
• 3Y*: 32.62%
• 5Y*: 15.53%
• 10Y*: 13.23%

SI=F

• 1D: -2.46%
• 1M: 0.15%
• YTD: 4.38%
• 6M: 28.18%
• 1Y: 112.69%
• 3Y*: 45.64%
• 5Y*: 21.43%
• 10Y*: 16.24%

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

GLTR vs. SI=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF	2.41%	87.25%	20.63%	2.01%	-0.25%	-9.60%	29.52%	20.96%	-2.85%	12.94%
SI=F Silver	4.38%	141.44%	21.41%	0.19%	2.95%	-11.59%	47.38%	15.32%	-9.36%	7.23%

Correlation

The correlation between GLTR and SI=F is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 24, 2010	0.76

The correlation between GLTR and SI=F shifts across timeframes, from 0.66 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GLTR vs. SI=F — Risk / Return Rank

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

GLTR

GLTR Risk / Return Rank: 38
GLTR Sharpe Ratio Rank: 41
GLTR Sortino Ratio Rank: 34
GLTR Omega Ratio Rank: 47
GLTR Calmar Ratio Rank: 37
GLTR Martin Ratio Rank: 29

SI=F

SI=F Risk / Return Rank: 67
SI=F Sharpe Ratio Rank: 68
SI=F Sortino Ratio Rank: 68
SI=F Omega Ratio Rank: 71
SI=F Calmar Ratio Rank: 68
SI=F Martin Ratio Rank: 63

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.

GLTR vs. SI=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) and Silver (SI=F). 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.

	GLTR	SI=F	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.46	-0.03
Sortino ratio: Return per unit of downside risk	1.74	1.87	-0.13
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	1.82	2.13	-0.31
Martin ratio: Return relative to average drawdown	4.15	4.57	-0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLTR vs. SI=F - Sharpe Ratio Comparison

The current GLTR Sharpe Ratio is 1.44, which is comparable to the SI=F Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of GLTR and SI=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLTR	SI=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.46	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.52	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.46	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.21	+0.11

Drawdowns

GLTR vs. SI=F - Drawdown Comparison

The maximum GLTR drawdown since its inception was -55.70%, smaller than the maximum SI=F drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for GLTR and SI=F.

Drawdown Indicators

	GLTR	SI=F	Difference
Max Drawdown Largest peak-to-trough decline	-55.70%	-91.54%	+35.84%
Max Drawdown (1Y) Largest decline over 1 year	-29.70%	-41.21%	+11.51%
Max Drawdown (3Y) Largest decline over 3 years	-29.70%	-41.21%	+11.51%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-41.21%	+11.51%
Max Drawdown (10Y) Largest decline over 10 years	-29.70%	-43.13%	+13.43%
Current Drawdown Current decline from peak	-26.18%	-36.00%	+9.82%
Average Drawdown Average peak-to-trough decline	-28.83%	-61.04%	+32.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.98%	20.96%	-7.98%

Volatility

GLTR vs. SI=F - Volatility Comparison

The current volatility for Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) is 9.16%, while Silver (SI=F) has a volatility of 14.73%. This indicates that GLTR experiences smaller price fluctuations and is considered to be less risky than SI=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLTR	SI=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	14.73%	-5.57%
Volatility (6M) Calculated over the trailing 6-month period	35.42%	60.44%	-25.02%
Volatility (1Y) Calculated over the trailing 1-year period	37.57%	60.00%	-22.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	37.96%	-14.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	33.58%	-13.08%

Frequently Asked Questions

Can I hold both GLTR and SI=F in my portfolio?

GLTR and SI=F have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLTR or SI=F?

SI=F has higher volatility (14.73%) compared to GLTR (9.16%). In terms of maximum drawdown, GLTR dropped -55.70% vs SI=F's -91.54%.

Which has better risk-adjusted returns?

SI=F currently has the higher Sharpe Ratio (1.46 vs 1.44), 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.