HL vs. SIL
HL (Hecla Mining Company) is a stock, while SIL (Global X Silver Miners ETF) is Silver fund tracking the Solactive Global Silver Miners Total Return Index. Over the past 10 years, HL returned 10.98%/yr vs 6.16%/yr for SIL. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
HL vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, HL achieves a -17.53% return, which is significantly lower than SIL's -8.46% return. Over the past 10 years, HL has outperformed SIL with an annualized return of 10.98%, while SIL has yielded a comparatively lower 6.16% annualized return.
HL
- 1D
- 0.19%
- 1M
- 5.54%
- 6M
- -29.50%
- YTD
- -17.53%
- 1Y
- 150.61%
- 3Y*
- 44.14%
- 5Y*
- 17.81%
- 10Y*
- 10.98%
SIL
- 1D
- -0.59%
- 1M
- -3.33%
- 6M
- -14.83%
- YTD
- -8.46%
- 1Y
- 52.00%
- 3Y*
- 45.32%
- 5Y*
- 13.87%
- 10Y*
- 6.16%
HL vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | -17.53% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
SIL Global X Silver Miners ETF | -8.46% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
Correlation
The correlation between HL and SIL is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.84 |
The correlation between HL and SIL has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
HL vs. SIL — Risk / Return Rank
HL
SIL
HL vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) 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.
| HL | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 1.55 | +1.50 |
| Martin ratioReturn relative to average drawdown | 6.03 | 3.51 | +2.53 |
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Drawdowns
HL vs. SIL - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than SIL's maximum drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for HL and SIL.
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Drawdown Indicators
| HL | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -82.99% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -37.20% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | -37.20% | -18.61% |
Max Drawdown (5Y)Largest decline over 5 years | -55.81% | -48.73% | -7.08% |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | -63.04% | -19.41% |
Current DrawdownCurrent decline from peak | -50.25% | -35.22% | -15.03% |
Average DrawdownAverage peak-to-trough decline | -69.90% | -51.32% | -18.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.11% | 16.40% | +11.71% |
Volatility
HL vs. SIL - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 17.79% compared to Global X Silver Miners ETF (SIL) at 16.20%. This indicates that HL's price experiences larger fluctuations and is considered to be riskier than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HL | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.79% | 16.20% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 53.33% | 44.15% | +9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.28% | 52.86% | +20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.43% | 39.97% | +19.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 39.82% | +23.00% |
Dividends
HL vs. SIL - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.09%, less than SIL's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.09% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
SIL Global X Silver Miners ETF | 1.33% | 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
HL and SIL have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (17.79%) compared to SIL (16.20%). In terms of maximum drawdown, HL dropped -97.92% vs SIL's -82.99%.
HL currently has the higher Sharpe Ratio (2.32 vs 1.09), 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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