SI=F vs. RGLD

Last updated Apr 2, 2026

Compare and contrast key facts about Silver (SI=F) and Royal Gold, Inc. (RGLD).

Performance

SI=F vs. RGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silver (SI=F) and Royal Gold, Inc. (RGLD). The values are adjusted to include any dividend payments, if applicable.

SI=F vs. RGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SI=F Silver	6.11%	141.44%	21.41%	0.19%	2.95%	-11.59%	47.38%	15.32%	-9.36%	7.23%
RGLD Royal Gold, Inc.	19.18%	70.43%	10.39%	8.70%	8.51%	0.04%	-12.13%	44.27%	5.53%	31.32%

Returns By Period

In the year-to-date period, SI=F achieves a 6.11% return, which is significantly lower than RGLD's 19.18% return. Over the past 10 years, SI=F has underperformed RGLD with an annualized return of 17.41%, while RGLD has yielded a comparatively higher 19.11% annualized return.

SI=F

• 1D: 6.16%
• 1M: -15.68%
• YTD: 6.11%
• 6M: 58.42%
• 1Y: 118.37%
• 3Y*: 45.65%
• 5Y*: 24.59%
• 10Y*: 17.41%

RGLD

• 1D: 3.87%
• 1M: -13.13%
• YTD: 19.18%
• 6M: 32.70%
• 1Y: 62.49%
• 3Y*: 28.28%
• 5Y*: 20.21%
• 10Y*: 19.11%

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

Return for Risk

SI=F vs. RGLD — Risk / Return Rank

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

SI=F

SI=F Risk / Return Rank: 78
SI=F Sharpe Ratio Rank: 76
SI=F Sortino Ratio Rank: 77
SI=F Omega Ratio Rank: 88
SI=F Calmar Ratio Rank: 86
SI=F Martin Ratio Rank: 64

RGLD

RGLD Risk / Return Rank: 80
RGLD Sharpe Ratio Rank: 85
RGLD Sortino Ratio Rank: 77
RGLD Omega Ratio Rank: 78
RGLD Calmar Ratio Rank: 78
RGLD Martin Ratio Rank: 82

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.

SI=F vs. RGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silver (SI=F) and Royal Gold, Inc. (RGLD). 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.

	SI=F	RGLD	Difference
Sharpe ratio Return per unit of total volatility	1.56	1.58	-0.02
Sortino ratio Return per unit of downside risk	1.93	2.00	-0.07
Omega ratio Gain probability vs. loss probability	1.34	1.28	+0.07
Calmar ratio Return relative to maximum drawdown	3.09	2.16	+0.93
Martin ratio Return relative to average drawdown	8.80	6.92	+1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SI=F vs. RGLD - Sharpe Ratio Comparison

The current SI=F Sharpe Ratio is 1.56, which is comparable to the RGLD Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of SI=F and RGLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SI=F	RGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	1.58	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.65	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.57	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.19	+0.03

Correlation

The correlation between SI=F and RGLD is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

SI=F vs. RGLD - Drawdown Comparison

The maximum SI=F drawdown since its inception was -91.54%, smaller than the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for SI=F and RGLD.

Drawdown Indicators

	SI=F	RGLD	Difference
Max Drawdown Largest peak-to-trough decline	-91.54%	-98.29%	+6.75%
Max Drawdown (1Y) Largest decline over 1 year	-41.00%	-29.27%	-11.73%
Max Drawdown (5Y) Largest decline over 5 years	-41.00%	-40.73%	-0.27%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	-49.55%	+6.42%
Current Drawdown Current decline from peak	-34.94%	-13.13%	-21.81%
Average Drawdown Average peak-to-trough decline	-61.14%	-29.87%	-31.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.41%	9.14%	+5.27%

Volatility

SI=F vs. RGLD - Volatility Comparison

Silver (SI=F) has a higher volatility of 18.12% compared to Royal Gold, Inc. (RGLD) at 15.78%. This indicates that SI=F's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SI=F	RGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.12%	15.78%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	62.49%	32.49%	+30.00%
Volatility (1Y) Calculated over the trailing 1-year period	58.92%	39.67%	+19.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.21%	31.04%	+6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	33.84%	-0.71%