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HUZ.TO vs. SLVP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUZ.TO vs. SLVP

Last updated Jun 4, 2026

HUZ.TO (Global X Silver ETF) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both Silver funds - HUZ.TO tracks the Solactive Silver Front Month MD Rolling Futures Index while SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index. Both are passively managed. Over the past 10 years, HUZ.TO returned 12.04%/yr vs 14.49%/yr for SLVP. A 0.62 correlation means they provide meaningful diversification when combined. HUZ.TO charges 1.18%/yr vs 0.39%/yr for SLVP.

Performance

HUZ.TO vs. SLVP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Silver ETF (HUZ.TO) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HUZ.TO is traded in CAD, while SLVP is traded in USD. To make them comparable, the SLVP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HUZ.TO achieves a 2.35% return, which is significantly lower than SLVP's 3.55% return. Over the past 10 years, HUZ.TO has underperformed SLVP with an annualized return of 12.04%, while SLVP has yielded a comparatively higher 14.49% annualized return.

HUZ.TO

1D
-2.50%
1M
0.23%
YTD
2.35%
6M
22.30%
1Y
101.00%
3Y*
40.00%
5Y*
17.25%
10Y*
12.04%

SLVP

1D
-4.75%
1M
3.44%
YTD
3.55%
6M
12.65%
1Y
114.80%
3Y*
53.84%
5Y*
19.28%
10Y*
14.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HUZ.TO vs. SLVP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HUZ.TO
Global X Silver ETF		2.35%129.20%18.72%-3.75%1.17%-15.10%39.27%12.48%-11.38%2.96%
SLVP
iShares MSCI Global Silver and Metals Miners ETF		3.55%188.95%24.31%-4.46%-12.22%-24.22%53.80%30.94%-15.49%-2.13%

Correlation

The correlation between HUZ.TO and SLVP is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (10Y)
Calculated over the trailing 10-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2012

0.62

The correlation between HUZ.TO and SLVP shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

HUZ.TO vs. SLVP - Sectors Allocation Comparison

Sectors
HUZ.TO
SLVP

Real Estate

19.0%

-

Basic Materials

-

100.0%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

HUZ.TO
19.0%
SLVP

-

Basic Materials

HUZ.TO

-

SLVP
100.0%

Communication Services

HUZ.TO

-

SLVP

-

Consumer Cyclical

HUZ.TO

-

SLVP

-

Consumer Defensive

HUZ.TO

-

SLVP

-

Energy

HUZ.TO

-

SLVP

-

Financial Services

HUZ.TO

-

SLVP

-

Healthcare

HUZ.TO

-

SLVP

-

Industrials

HUZ.TO

-

SLVP

-

Technology

HUZ.TO

-

SLVP

-

Utilities

HUZ.TO

-

SLVP

-

Compare stocks, funds, or ETFs

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Global X Silver ETF

iShares MSCI Global Silver and Metals Miners ETF

Often compared with HUZ.TO:
HUZ.TO vs. SVR.TOHUZ.TO vs. HURA.TOHUZ.TO vs. AGCC.TOHUZ.TO vs. SLVOHUZ.TO vs. GLCL.TOHUZ.TO vs. MNS.TOHUZ.TO vs. XGD.TO
Often compared with SLVP:
SLVP vs. SLVSLVP vs. SILSLVP vs. SSLN.LSLVP vs. PSLVSLVP vs. SIVRSLVP vs. RINGSLVP vs. SLVR.DE

Return for Risk

HUZ.TO vs. SLVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HUZ.TO
HUZ.TO Risk / Return Rank: 4545
Overall Rank
HUZ.TO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
HUZ.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
HUZ.TO Omega Ratio Rank: 5454
Omega Ratio Rank
HUZ.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
HUZ.TO Martin Ratio Rank: 3434
Martin Ratio Rank
SLVP
SLVP Risk / Return Rank: 5555
Overall Rank
SLVP Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SLVP Sortino Ratio Rank: 4848
Sortino Ratio Rank
SLVP Omega Ratio Rank: 5151
Omega Ratio Rank
SLVP Calmar Ratio Rank: 6666
Calmar Ratio Rank
SLVP Martin Ratio Rank: 5050
Martin Ratio Rank
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.

HUZ.TO vs. SLVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver ETF (HUZ.TO) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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.

HUZ.TOSLVPDifference
Sharpe ratioReturn per unit of total volatility
1.72
2.23

-0.50

Sortino ratioReturn per unit of downside risk
1.95
2.49

-0.54

Omega ratioGain probability vs. loss probability

1.33

1.34

-0.01

Calmar ratioReturn relative to maximum drawdown

2.36

3.48

-1.12

Martin ratioReturn relative to average drawdown

5.07

8.92

-3.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUZ.TO vs. SLVP - Sharpe Ratio Comparison

The current HUZ.TO Sharpe Ratio is 1.72, which is comparable to the SLVP Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of HUZ.TO and SLVP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HUZ.TOSLVPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

2.23

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.48

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

0.36

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.16

+0.05

Drawdowns

HUZ.TO vs. SLVP - Drawdown Comparison

The maximum HUZ.TO drawdown since its inception was -81.06%, which is greater than SLVP's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for HUZ.TO and SLVP.

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Drawdown Indicators

HUZ.TOSLVPDifference

Max Drawdown

Largest peak-to-trough decline

-81.06%

-71.54%

-9.52%

Max Drawdown (1Y)

Largest decline over 1 year

-43.11%

-33.18%

-9.93%

Max Drawdown (3Y)

Largest decline over 3 years

-43.11%

-33.18%

-9.93%

Max Drawdown (5Y)

Largest decline over 5 years

-43.11%

-48.96%

+5.85%

Max Drawdown (10Y)

Largest decline over 10 years

-48.84%

-59.38%

+10.54%

Current Drawdown

Current decline from peak

-38.13%

-24.85%

-13.28%

Average Drawdown

Average peak-to-trough decline

-54.91%

-36.03%

-18.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.99%

12.92%

+7.07%

Volatility

HUZ.TO vs. SLVP - Volatility Comparison

The current volatility for Global X Silver ETF (HUZ.TO) is 16.29%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 17.41%. This indicates that HUZ.TO experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUZ.TOSLVPDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.29%

17.41%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

58.22%

42.05%

+16.17%

Volatility (1Y)

Calculated over the trailing 1-year period

58.94%

51.89%

+7.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.28%

40.26%

-2.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.24%

40.24%

-7.00%

HUZ.TO vs. SLVP - Expense Ratio Comparison

HUZ.TO has a 1.18% expense ratio, which is higher than SLVP's 0.39% expense ratio.

Dividends

HUZ.TO vs. SLVP - Dividend Comparison

HUZ.TO has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.74%.

PositionTTM20252024202320222021202020192018201720162015
HUZ.TO
Global X Silver ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SLVP
iShares MSCI Global Silver and Metals Miners ETF		1.74%1.78%1.05%0.88%0.63%1.63%2.39%2.03%1.28%0.85%2.32%0.72%

Frequently Asked Questions

HUZ.TO and SLVP have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SLVP is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SLVP is cheaper with a 0.39% expense ratio, compared with 1.18% for HUZ.TO.

HUZ.TO tracks Solactive Silver Front Month MD Rolling Futures Index, while SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index. They also come from different issuers: Global X and iShares. Their fees differ too: 1.18% for HUZ.TO and 0.39% for SLVP.

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