IBIT vs. SIL
IBIT (iShares Bitcoin Trust ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past year, IBIT returned -44.68% vs 49.99% for SIL. At a 0.22 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.65%/yr for SIL.
Performance
IBIT vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -25.70% return, which is significantly lower than SIL's -14.38% return.
IBIT
- 1D
- 1.49%
- 1M
- 3.57%
- 6M
- -31.99%
- YTD
- -25.70%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.65%
SIL
- 1D
- -0.46%
- 1M
- -14.60%
- 6M
- -27.29%
- YTD
- -14.38%
- 1Y
- 49.99%
- 3Y*
- 39.46%
- 5Y*
- 13.28%
- 10Y*
- 5.73%
- ALL TIME*
- 4.10%
IBIT vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -25.70% | -6.41% | 89.87% |
SIL Global X Silver Miners ETF | -14.38% | 166.16% | 22.02% |
Correlation
The correlation between IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.22 |
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Return for Risk
IBIT vs. SIL — Risk / Return Rank
IBIT
SIL
IBIT vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.19 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.27 | -2.12 |
| Martin ratioReturn relative to average drawdown | -1.34 | 2.88 | -4.22 |
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Drawdowns
IBIT vs. SIL - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for IBIT and SIL.
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Drawdown Indicators
| IBIT | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -82.99% | +29.69% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -39.41% | -13.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -48.25% | -39.41% | -8.84% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -51.30% | +33.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.42% | 17.40% | +16.02% |
Volatility
IBIT vs. SIL - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 10.67%, while Global X Silver Miners ETF (SIL) has a volatility of 11.76%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky 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
| IBIT | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 11.76% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 44.07% | -9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 53.06% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.85% | 39.97% | +9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.85% | 39.77% | +10.08% |
IBIT vs. SIL - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than SIL's 0.65% expense ratio.
Dividends
IBIT vs. SIL - Dividend Comparison
IBIT has not paid dividends to shareholders, while SIL's dividend yield for the trailing twelve months is around 1.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust 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% |
SIL Global X Silver Miners ETF | 1.42% | 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
IBIT 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.
SIL has higher volatility (11.76%) compared to IBIT (10.67%). In terms of maximum drawdown, IBIT dropped -53.30% vs SIL's -82.99%.
On 1-year performance, SIL leads with 49.99% vs -44.68% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 10.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SIL has performed better with a 49.99% return vs -44.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.65% for SIL.
SIL has the higher dividend yield at 1.42%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while SIL is Silver. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while SIL tracks Solactive Global Silver Miners Total Return Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.25% for IBIT and 0.65% for SIL.
SIL currently has the higher Sharpe Ratio (0.95 vs -1.01), 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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