HEAL vs. SLV
HEAL (Global X HealthTech ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - HEAL is a Health & Biotech Equities fund tracking the Global X HealthTech Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, HEAL returned -14.64%/yr vs 18.31%/yr for SLV. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
HEAL vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, HEAL achieves a -10.37% return, which is significantly higher than SLV's -13.49% return.
HEAL
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
HEAL vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | -10.37% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
SLV iShares Silver Trust | -13.49% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 8.86% |
Correlation
The correlation between HEAL and SLV is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.23 |
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Return for Risk
HEAL vs. SLV — Risk / Return Rank
HEAL
SLV
HEAL vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X HealthTech ETF (HEAL) and iShares Silver Trust (SLV). 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.
| HEAL | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.25 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.47 | -2.00 |
| Martin ratioReturn relative to average drawdown | -1.01 | 3.16 | -4.17 |
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Drawdowns
HEAL vs. SLV - Drawdown Comparison
The maximum HEAL drawdown since its inception was -65.76%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for HEAL and SLV.
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Drawdown Indicators
| HEAL | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -76.28% | +10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -47.23% | +16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -47.23% | +11.45% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -47.23% | -13.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.23% | — |
Current DrawdownCurrent decline from peak | -61.31% | -47.23% | -14.08% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -44.65% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 21.91% | -5.93% |
Volatility
HEAL vs. SLV - Volatility Comparison
The current volatility for Global X HealthTech ETF (HEAL) is 7.26%, while iShares Silver Trust (SLV) has a volatility of 14.34%. This indicates that HEAL experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEAL | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 14.34% | -7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 59.27% | -42.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 60.33% | -37.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 36.59% | -10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 32.09% | -5.81% |
HEAL vs. SLV - Expense Ratio Comparison
Both HEAL and SLV have an expense ratio of 0.50%.
Dividends
HEAL vs. SLV - Dividend Comparison
HEAL's dividend yield for the trailing twelve months is around 0.37%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | 0.37% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEAL and SLV have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.34%) compared to HEAL (7.26%). In terms of maximum drawdown, HEAL dropped -65.76% vs SLV's -76.28%.
On 5-year performance, SLV leads with 18.31% vs -14.64% for HEAL. Both ETFs have the same 0.50% expense ratio. On volatility, HEAL has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SLV has performed better with a 18.31% return vs -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HEAL and SLV have the same expense ratio: 0.50% per year.
HEAL has the higher dividend yield at 0.37%, compared with 0.00% for SLV.
HEAL is categorized as Health & Biotech Equities, while SLV is Silver. HEAL tracks Global X HealthTech Index, while SLV tracks LBMA Silver Price. They also come from different issuers: Global X and iShares.
SLV currently has the higher Sharpe Ratio (1.15 vs -0.73), 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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