SGOL vs. SIVR
SGOL (abrdn Physical Gold Shares ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - SGOL is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt), while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, SGOL returned 13.32%/yr vs 15.77%/yr for SIVR. A 0.78 correlation means they provide meaningful diversification when combined. SGOL charges 0.17%/yr vs 0.30%/yr for SIVR.
Performance
SGOL vs. SIVR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SGOL having a 2.97% return and SIVR slightly lower at 2.85%. Over the past 10 years, SGOL has underperformed SIVR with an annualized return of 13.32%, while SIVR has yielded a comparatively higher 15.77% annualized return.
SGOL
- 1D
- -0.98%
- 1M
- -1.67%
- YTD
- 2.97%
- 6M
- 5.51%
- 1Y
- 32.27%
- 3Y*
- 31.36%
- 5Y*
- 18.40%
- 10Y*
- 13.32%
SIVR
- 1D
- -2.62%
- 1M
- 0.42%
- YTD
- 2.85%
- 6M
- 24.90%
- 1Y
- 110.95%
- 3Y*
- 45.38%
- 5Y*
- 21.00%
- 10Y*
- 15.77%
SGOL vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOL abrdn Physical Gold Shares ETF | 2.97% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between SGOL and SIVR is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.78 |
The correlation between SGOL and SIVR has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
SGOL vs. SIVR — Risk / Return Rank
SGOL
SIVR
SGOL vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) and abrdn Physical Silver Shares ETF (SIVR). 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.
| SGOL | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.63 | -0.94 |
| Martin ratioReturn relative to average drawdown | 4.20 | 5.67 | -1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGOL | SIVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.90 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.58 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.50 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.32 | +0.23 |
Drawdowns
SGOL vs. SIVR - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for SGOL and SIVR.
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Drawdown Indicators
| SGOL | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -75.85% | +30.34% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -42.42% | +23.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -42.42% | +23.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -42.42% | +21.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.56% | -42.42% | +20.86% |
Current DrawdownCurrent decline from peak | -17.72% | -37.25% | +19.53% |
Average DrawdownAverage peak-to-trough decline | -18.41% | -47.85% | +29.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 19.64% | -11.93% |
Volatility
SGOL vs. SIVR - Volatility Comparison
The current volatility for abrdn Physical Gold Shares ETF (SGOL) is 5.46%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.28%. This indicates that SGOL experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOL | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 16.28% | -10.82% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 58.30% | -35.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.33% | 58.84% | -32.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 36.17% | -18.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 31.87% | -15.96% |
SGOL vs. SIVR - Expense Ratio Comparison
SGOL has a 0.17% expense ratio, which is lower than SIVR's 0.30% expense ratio.
Dividends
SGOL vs. SIVR - Dividend Comparison
Neither SGOL nor SIVR has paid dividends to shareholders.
Frequently Asked Questions
SGOL and SIVR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.28%) compared to SGOL (5.46%). In terms of maximum drawdown, SGOL dropped -45.51% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 15.77% vs 13.32% for SGOL. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 15.77% return vs 13.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.30% for SIVR.
SGOL and SIVR have nearly identical dividend yields, around 0.00%.
SGOL is categorized as Precious Metals, while SIVR is Silver. SGOL tracks LBMA Gold Price PM ($/ozt), while SIVR tracks LBMA Silver Price ($/ozt). Their fees differ too: 0.17% for SGOL and 0.30% for SIVR.
SIVR currently has the higher Sharpe Ratio (1.90 vs 1.23), 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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