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 -12.95%/yr vs 17.38%/yr for SLV. Their 0.23 correlation means their historical movements had little consistent relationship. 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 -5.19% return, which is significantly higher than SLV's -18.57% return.
HEAL
- 1D
- 2.94%
- 1M
- -4.37%
- 6M
- -2.05%
- YTD
- -5.19%
- 1Y
- -10.31%
- 3Y*
- -6.93%
- 5Y*
- -12.95%
- 10Y*
- —
- ALL TIME*
- -9.16%
SLV
- 1D
- 0.19%
- 1M
- -4.65%
- 6M
- -27.58%
- YTD
- -18.57%
- 1Y
- 56.18%
- 3Y*
- 34.29%
- 5Y*
- 17.38%
- 10Y*
- 10.86%
- ALL TIME*
- 7.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $260.96K | $227.88K | $213.27K | |
| $713.72M | $758.23M | $1.25B |
HEAL vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | -5.19% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
SLV iShares Silver Trust | -18.57% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 8.86% |
Correlation
The correlation between HEAL and SLV is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
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 | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 1.08 | -1.42 |
| Martin ratioReturn relative to average drawdown | -0.61 | 2.05 | -2.66 |
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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% | -52.28% | +21.57% |
Max Drawdown (3Y)Largest decline over 3 years | -34.56% | -52.28% | +17.72% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -52.28% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.28% | — |
Current DrawdownCurrent decline from peak | -59.07% | -50.32% | -8.75% |
Average DrawdownAverage peak-to-trough decline | -43.49% | -44.68% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.90% | 27.49% | -10.59% |
Volatility
HEAL vs. SLV - Volatility Comparison
The current volatility for Global X HealthTech ETF (HEAL) is 6.91%, while iShares Silver Trust (SLV) has a volatility of 10.86%. 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 | 6.91% | 10.86% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 44.32% | -26.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.91% | 61.47% | -38.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.67% | 36.98% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 32.23% | -5.96% |
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 0.26%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | 0.26% | 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 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (10.86%) compared to HEAL (6.91%). In terms of maximum drawdown, HEAL dropped -65.76% vs SLV's -76.28%.
On 5-year performance, SLV leads with 17.38% vs -12.95% for HEAL. Both ETFs have the same 0.50% expense ratio. On volatility, HEAL has been the lower-risk option at 6.91%. 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 17.38% return vs -12.95%. 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 0.26%, 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 (0.92 vs -0.45), 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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