HYDR vs. SIL

Last updated Jun 5, 2026

HYDR (Global X Hydrogen ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - HYDR is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen Index - Benchmark TR Net, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 3 years, HYDR returned 14.46%/yr vs 49.60%/yr for SIL. At a 0.38 correlation, their price movements are largely independent. HYDR charges 0.50%/yr vs 0.65%/yr for SIL.

Performance

HYDR vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Hydrogen ETF (HYDR) 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, HYDR achieves a 101.95% return, which is significantly higher than SIL's 5.99% return.

HYDR

• 1D: -3.90%
• 1M: 2.47%
• YTD: 101.95%
• 6M: 76.41%
• 1Y: 232.59%
• 3Y*: 14.46%
• 5Y*: —
• 10Y*: —

SIL

• 1D: 1.18%
• 1M: 2.48%
• YTD: 5.99%
• 6M: 17.42%
• 1Y: 90.97%
• 3Y*: 49.60%
• 5Y*: 14.23%
• 10Y*: 10.72%

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

HYDR vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	101.95%	43.73%	-33.08%	-36.49%	-47.24%	-13.89%
SIL Global X Silver Miners ETF	5.99%	166.16%	14.62%	1.31%	-22.83%	-12.56%

Correlation

The correlation between HYDR and SIL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.38

HYDR vs. SIL - Sectors Allocation Comparison

Sectors	HYDR	SIL
Industrials	84.7%	-
Basic Materials	2.4%	99.8%
Consumer Cyclical	2.3%	-
Technology	0.5%	-
Energy	0.4%	-
Communication Services	-	-
Consumer Defensive	-	0.2%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HYDR vs. SIL — Risk / Return Rank

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

HYDR

HYDR Risk / Return Rank: 91
HYDR Sharpe Ratio Rank: 96
HYDR Sortino Ratio Rank: 92
HYDR Omega Ratio Rank: 85
HYDR Calmar Ratio Rank: 95
HYDR Martin Ratio Rank: 87

SIL

SIL Risk / Return Rank: 50
SIL Sharpe Ratio Rank: 55
SIL Sortino Ratio Rank: 44
SIL Omega Ratio Rank: 49
SIL Calmar Ratio Rank: 57
SIL Martin Ratio Rank: 44

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.

HYDR vs. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) 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.

	HYDR	SIL	Difference
Sharpe ratio: Return per unit of total volatility	4.32	1.83	+2.49
Sortino ratio: Return per unit of downside risk	4.37	2.17	+2.20
Omega ratio: Gain probability vs. loss probability	1.52	1.30	+0.22
Calmar ratio: Return relative to maximum drawdown	7.87	2.78	+5.09
Martin ratio: Return relative to average drawdown	18.50	7.07	+11.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYDR vs. SIL - Sharpe Ratio Comparison

The current HYDR Sharpe Ratio is 4.32, which is higher than the SIL Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of HYDR 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.

Sharpe Ratios by Period

	HYDR	SIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.32	1.83	+2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.14	-0.37

Drawdowns

HYDR vs. SIL - Drawdown Comparison

The maximum HYDR drawdown since its inception was -89.28%, which is greater than SIL's maximum drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for HYDR and SIL.

Drawdown Indicators

	HYDR	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	-82.99%	-6.29%
Max Drawdown (1Y) Largest decline over 1 year	-29.76%	-32.91%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-70.32%	-32.91%	-37.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.04%	—
Current Drawdown Current decline from peak	-53.63%	-25.00%	-28.63%
Average Drawdown Average peak-to-trough decline	-64.20%	-51.44%	-12.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	12.91%	-0.27%

Volatility

HYDR vs. SIL - Volatility Comparison

Global X Hydrogen ETF (HYDR) and Global X Silver Miners ETF (SIL) have volatilities of 18.28% and 17.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYDR	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.28%	17.68%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	35.72%	41.56%	-5.84%
Volatility (1Y) Calculated over the trailing 1-year period	54.22%	50.02%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.24%	39.21%	+8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.24%	39.60%	+7.64%

HYDR vs. SIL - Expense Ratio Comparison

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

Dividends

HYDR vs. SIL - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 1.89%, more than SIL's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYDR Global X Hydrogen ETF	1.89%	3.82%	0.40%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SIL Global X Silver Miners ETF	1.12%	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 HYDR and SIL in my portfolio?

HYDR and SIL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYDR or SIL?

HYDR has higher volatility (18.28%) compared to SIL (17.68%). In terms of maximum drawdown, HYDR dropped -89.28% vs SIL's -82.99%.

Which ETF is better, HYDR or SIL?

On 3-year performance, SIL leads with 49.60% vs 14.46% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, SIL has been the lower-risk option at 17.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYDR or SIL?

Over the 3-year period, SIL has performed better with a 49.60% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYDR or SIL?

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

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

HYDR has the higher dividend yield at 1.89%, compared with 1.12% for SIL.

What is the main difference between HYDR and SIL?

HYDR is categorized as Alternative Energy Equities, while SIL is Silver. HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net, while SIL tracks Solactive Global Silver Miners Total Return Index. Their fees differ too: 0.50% for HYDR and 0.65% for SIL.

Which has better risk-adjusted returns?

HYDR currently has the higher Sharpe Ratio (4.32 vs 1.83), 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.