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SGOL vs. SLVP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SGOL vs. SLVP

Last updated Jun 4, 2026

SGOL (abrdn Physical Gold Shares ETF) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both exchange-traded funds - SGOL is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt), while SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Both are passively managed. Over the past 10 years, SGOL returned 13.32%/yr vs 13.67%/yr for SLVP. A 0.68 correlation means they provide meaningful diversification when combined. SGOL charges 0.17%/yr vs 0.39%/yr for SLVP.

Performance

SGOL vs. SLVP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Gold Shares ETF (SGOL) 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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Returns By Period

In the year-to-date period, SGOL achieves a 2.97% return, which is significantly higher than SLVP's 2.25% return. Both investments have delivered pretty close results over the past 10 years, with SGOL having a 13.32% annualized return and SLVP not far ahead at 13.67%.

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%

SLVP

1D
-5.14%
1M
1.42%
YTD
2.25%
6M
13.09%
1Y
112.07%
3Y*
52.07%
5Y*
15.97%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SGOL vs. SLVP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SLVP
iShares MSCI Global Silver and Metals Miners ETF		2.25%202.84%14.47%-2.31%-18.06%-23.53%56.45%37.71%-22.10%4.53%

Correlation

The correlation between SGOL and SLVP 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

0.71

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

0.72

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

0.71

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

0.68

The correlation between SGOL and SLVP has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

abrdn Physical Gold Shares ETF

iShares MSCI Global Silver and Metals Miners ETF

Often compared with SGOL:
SGOL vs. GLDSGOL vs. IAUSGOL vs. GLDMSGOL vs. PHYSSGOL vs. BARSGOL vs. IAUMSGOL vs. AAAU
Often compared with SLVP:
SLVP vs. SLVSLVP vs. SILSLVP vs. SSLN.LSLVP vs. PSLVSLVP vs. SIVRSLVP vs. RINGSLVP vs. SLVR.DE

Return for Risk

SGOL vs. SLVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SGOL
SGOL Risk / Return Rank: 3232
Overall Rank
SGOL Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
SGOL Sortino Ratio Rank: 2929
Sortino Ratio Rank
SGOL Omega Ratio Rank: 3636
Omega Ratio Rank
SGOL Calmar Ratio Rank: 3434
Calmar Ratio Rank
SGOL Martin Ratio Rank: 2929
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.

SGOL vs. SLVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) 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.

SGOLSLVPDifference
Sharpe ratioReturn per unit of total volatility
1.23
2.12

-0.89

Sortino ratioReturn per unit of downside risk
1.63
2.40

-0.77

Omega ratioGain probability vs. loss probability

1.25

1.33

-0.08

Calmar ratioReturn relative to maximum drawdown

1.69

3.36

-1.66

Martin ratioReturn relative to average drawdown

4.20

8.53

-4.33

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

SGOL vs. SLVP - Sharpe Ratio Comparison

The current SGOL Sharpe Ratio is 1.23, which is lower than the SLVP Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SGOL 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

SGOLSLVPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.23

2.12

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.38

+0.66

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.32

+0.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.09

+0.46

Drawdowns

SGOL vs. SLVP - Drawdown Comparison

The maximum SGOL drawdown since its inception was -45.51%, smaller than the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for SGOL and SLVP.

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Drawdown Indicators

SGOLSLVPDifference

Max Drawdown

Largest peak-to-trough decline

-45.51%

-80.47%

+34.96%

Max Drawdown (1Y)

Largest decline over 1 year

-19.14%

-33.57%

+14.43%

Max Drawdown (3Y)

Largest decline over 3 years

-19.14%

-33.57%

+14.43%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

-54.78%

+33.86%

Max Drawdown (10Y)

Largest decline over 10 years

-21.56%

-62.03%

+40.47%

Current Drawdown

Current decline from peak

-17.72%

-26.25%

+8.53%

Average Drawdown

Average peak-to-trough decline

-18.41%

-46.82%

+28.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.71%

13.18%

-5.47%

Volatility

SGOL vs. SLVP - Volatility Comparison

The current volatility for abrdn Physical Gold Shares ETF (SGOL) is 5.46%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 17.59%. This indicates that SGOL 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

SGOLSLVPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.46%

17.59%

-12.13%

Volatility (6M)

Calculated over the trailing 6-month period

22.93%

43.22%

-20.29%

Volatility (1Y)

Calculated over the trailing 1-year period

26.33%

53.06%

-26.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.89%

42.76%

-24.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

42.24%

-26.33%

SGOL vs. SLVP - Expense Ratio Comparison

SGOL has a 0.17% expense ratio, which is lower than SLVP's 0.39% expense ratio.

Dividends

SGOL vs. SLVP - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
SGOL
abrdn Physical Gold Shares 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

SGOL and SLVP 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.

SLVP has higher volatility (17.59%) compared to SGOL (5.46%). In terms of maximum drawdown, SGOL dropped -45.51% vs SLVP's -80.47%.

On 10-year performance, SLVP leads with 13.67% 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, SLVP has performed better with a 13.67% 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 0.39% for SLVP.

SLVP has the higher dividend yield at 1.74%, compared with 0.00% for SGOL.

SGOL is categorized as Precious Metals, while SLVP is Silver. SGOL tracks LBMA Gold Price PM ($/ozt), while SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index. They also come from different issuers: abrdn and iShares. Their fees differ too: 0.17% for SGOL and 0.39% for SLVP.

SLVP currently has the higher Sharpe Ratio (2.12 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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