GXTG vs. SIL

Last updated Jun 25, 2026

GXTG (Global X Thematic Growth ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - GXTG is a Global Equities fund tracking the Solactive Thematic Growth Index, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 5 years, GXTG returned -11.18%/yr vs 13.12%/yr for SIL. At a 0.37 correlation, their price movements are largely independent. GXTG charges 0.50%/yr vs 0.65%/yr for SIL.

Performance

GXTG vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Thematic Growth ETF (GXTG) and Global X Silver Miners ETF (SIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXTG achieves a 11.13% return, which is significantly higher than SIL's -9.52% return.

GXTG

• 1D: -1.82%
• 1M: -9.22%
• YTD: 11.13%
• 6M: 7.58%
• 1Y: 6.14%
• 3Y*: 2.20%
• 5Y*: -11.18%
• 10Y*: —

SIL

• 1D: -3.77%
• 1M: -14.23%
• YTD: -9.52%
• 6M: -12.87%
• 1Y: 62.10%
• 3Y*: 45.49%
• 5Y*: 13.12%
• 10Y*: 8.22%

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

GXTG vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GXTG Global X Thematic Growth ETF	11.13%	3.52%	-3.55%	10.26%	-48.08%	3.21%	61.07%	4.74%
SIL Global X Silver Miners ETF	-9.52%	166.16%	14.62%	1.31%	-22.83%	-18.35%	40.30%	9.73%

Correlation

The correlation between GXTG and SIL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019	0.37

GXTG vs. SIL - Sectors Allocation Comparison

Sectors	GXTG	SIL
Technology	22.3%	-
Basic Materials	14.4%	99.8%
Utilities	12.4%	-
Communication Services	11.7%	-
Consumer Cyclical	11.5%	-
Healthcare	10.5%	-
Industrials	8.0%	-
Real Estate	6.9%	-
Financial Services	2.3%	-
Consumer Defensive	-	0.2%
Energy	-	-

Return for Risk

GXTG vs. SIL — Risk / Return Rank

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

GXTG

GXTG Risk / Return Rank: 12
GXTG Sharpe Ratio Rank: 12
GXTG Sortino Ratio Rank: 12
GXTG Omega Ratio Rank: 12
GXTG Calmar Ratio Rank: 12
GXTG Martin Ratio Rank: 12

SIL

SIL Risk / Return Rank: 34
SIL Sharpe Ratio Rank: 36
SIL Sortino Ratio Rank: 33
SIL Omega Ratio Rank: 35
SIL Calmar Ratio Rank: 36
SIL Martin Ratio Rank: 31

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.

GXTG vs. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) 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.

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.

	GXTG	SIL	Difference
Sharpe ratio: Return per unit of total volatility	0.22	1.18	-0.97
Sortino ratio: Return per unit of downside risk	0.48	1.63	-1.15
Omega ratio: Gain probability vs. loss probability	1.06	1.22	-0.16
Calmar ratio: Return relative to maximum drawdown	0.25	1.68	-1.43
Martin ratio: Return relative to average drawdown	0.58	4.22	-3.64

GXTG vs. SIL - Sharpe Ratio Comparison

The current GXTG Sharpe Ratio is 0.22, which is lower than the SIL Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of GXTG and SIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GXTG vs. SIL - Drawdown Comparison

The maximum GXTG drawdown since its inception was -67.81%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for GXTG and SIL.

Drawdown Indicators

	GXTG	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-67.81%	-82.99%	+15.18%
Max Drawdown (1Y) Largest decline over 1 year	-24.65%	-37.08%	+12.43%
Max Drawdown (3Y) Largest decline over 3 years	-31.89%	-37.08%	+5.19%
Max Drawdown (5Y) Largest decline over 5 years	-61.17%	-49.48%	-11.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.04%	—
Current Drawdown Current decline from peak	-56.07%	-35.97%	-20.10%
Average Drawdown Average peak-to-trough decline	-43.16%	-51.37%	+8.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.63%	14.75%	-4.12%

Volatility

GXTG vs. SIL - Volatility Comparison

The current volatility for Global X Thematic Growth ETF (GXTG) is 13.77%, while Global X Silver Miners ETF (SIL) has a volatility of 19.73%. This indicates that GXTG experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXTG	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.77%	19.73%	-5.96%
Volatility (6M) Calculated over the trailing 6-month period	22.56%	44.48%	-21.92%
Volatility (1Y) Calculated over the trailing 1-year period	28.43%	52.74%	-24.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.19%	39.88%	-11.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.87%	39.91%	-10.04%

GXTG vs. SIL - Expense Ratio Comparison

GXTG has a 0.50% expense ratio, which is lower than SIL's 0.65% expense ratio.

Dividends

GXTG vs. SIL - Dividend Comparison

GXTG's dividend yield for the trailing twelve months is around 1.26%, less than SIL's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXTG Global X Thematic Growth ETF	1.26%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%	0.00%	0.00%	0.00%	0.00%
SIL Global X Silver Miners ETF	1.31%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%

Frequently Asked Questions

Can I hold both GXTG and SIL in my portfolio?

GXTG and SIL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXTG or SIL?

SIL has higher volatility (19.73%) compared to GXTG (13.77%). In terms of maximum drawdown, GXTG dropped -67.81% vs SIL's -82.99%.

Which ETF is better, GXTG or SIL?

On 5-year performance, SIL leads with 13.12% vs -11.18% for GXTG. On fees, GXTG is cheaper at 0.50% per year. On volatility, GXTG has been the lower-risk option at 13.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXTG or SIL?

Over the 5-year period, SIL has performed better with a 13.12% return vs -11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXTG or SIL?

GXTG is cheaper with a 0.50% expense ratio, compared with 0.65% for SIL.

Which ETF pays a higher dividend yield, GXTG or SIL?

SIL has the higher dividend yield at 1.31%, compared with 1.26% for GXTG.

What is the main difference between GXTG and SIL?

GXTG is categorized as Global Equities, while SIL is Silver. GXTG tracks Solactive Thematic Growth Index, while SIL tracks Solactive Global Silver Miners Total Return Index. Their fees differ too: 0.50% for GXTG and 0.65% for SIL.

Which has better risk-adjusted returns?

SIL currently has the higher Sharpe Ratio (1.18 vs 0.22), 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.