GOEX vs. SIL
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and Global X Silver Miners ETF (SIL).
GOEX and SIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 2010. SIL is a passively managed fund by Global X that tracks the performance of the Stuttgart Solactive AG Global Silver Miners (USD). It was launched on Apr 19, 2010. Both GOEX and SIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOEX or SIL.
Correlation
The correlation between GOEX and SIL is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOEX vs. SIL - Performance Comparison
Key characteristics
GOEX:
1.92
SIL:
1.67
GOEX:
2.48
SIL:
2.25
GOEX:
1.30
SIL:
1.27
GOEX:
0.87
SIL:
0.83
GOEX:
7.88
SIL:
5.78
GOEX:
8.18%
SIL:
10.37%
GOEX:
33.70%
SIL:
35.92%
GOEX:
-88.83%
SIL:
-82.99%
GOEX:
-58.00%
SIL:
-54.25%
Returns By Period
The year-to-date returns for both stocks are quite close, with GOEX having a 14.98% return and SIL slightly lower at 14.32%. Over the past 10 years, GOEX has outperformed SIL with an annualized return of 10.83%, while SIL has yielded a comparatively lower 3.93% annualized return.
GOEX
14.98%
7.65%
8.65%
57.02%
6.73%
10.83%
SIL
14.32%
10.03%
11.29%
54.71%
3.57%
3.93%
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GOEX vs. SIL - Expense Ratio Comparison
Both GOEX and SIL have an expense ratio of 0.65%.
Risk-Adjusted Performance
GOEX vs. SIL — Risk-Adjusted Performance Rank
GOEX
SIL
GOEX vs. SIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) 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.
Dividends
GOEX vs. SIL - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 2.14%, more than SIL's 2.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 2.14% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% | 0.13% |
SIL Global X Silver Miners ETF | 2.10% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.22% | 0.02% | 3.34% | 0.38% | 0.08% |
Drawdowns
GOEX vs. SIL - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than SIL's maximum drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for GOEX and SIL. For additional features, visit the drawdowns tool.
Volatility
GOEX vs. SIL - Volatility Comparison
Global X Gold Explorers ETF (GOEX) and Global X Silver Miners ETF (SIL) have volatilities of 8.36% and 8.77%, 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.