SIL vs. AIQ

Last updated Jun 4, 2026

SIL (Global X Silver Miners ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, SIL returned 13.96%/yr vs 19.07%/yr for AIQ. At a 0.30 correlation, their price movements are largely independent. SIL charges 0.65%/yr vs 0.68%/yr for AIQ.

Performance

SIL vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Silver Miners ETF (SIL) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIL achieves a 4.75% return, which is significantly lower than AIQ's 35.98% return.

SIL

• 1D: -4.96%
• 1M: 0.68%
• YTD: 4.75%
• 6M: 15.66%
• 1Y: 91.23%
• 3Y*: 49.15%
• 5Y*: 13.96%
• 10Y*: 10.69%

AIQ

• 1D: -1.40%
• 1M: 21.10%
• YTD: 35.98%
• 6M: 36.15%
• 1Y: 69.19%
• 3Y*: 37.50%
• 5Y*: 19.07%
• 10Y*: —

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

SIL vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SIL Global X Silver Miners ETF	4.75%	166.16%	14.62%	1.31%	-22.83%	-18.35%	40.30%	34.78%	-17.30%
AIQ Global X Artificial Intelligence & Technology ETF	35.98%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.03%

Correlation

The correlation between SIL and AIQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 17, 2018	0.30

SIL vs. AIQ - Sectors Allocation Comparison

Sectors	SIL	AIQ
Basic Materials	99.8%	-
Consumer Defensive	0.2%	-
Communication Services	-	13.2%
Consumer Cyclical	-	8.5%
Energy	-	-
Financial Services	-	0.4%
Healthcare	-	0.4%
Industrials	-	4.2%
Real Estate	-	-
Technology	-	73.3%
Utilities	-	-

Return for Risk

SIL vs. AIQ — Risk / Return Rank

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

SIL

SIL Risk / Return Rank: 48
SIL Sharpe Ratio Rank: 52
SIL Sortino Ratio Rank: 43
SIL Omega Ratio Rank: 46
SIL Calmar Ratio Rank: 55
SIL Martin Ratio Rank: 43

AIQ

AIQ Risk / Return Rank: 81
AIQ Sharpe Ratio Rank: 88
AIQ Sortino Ratio Rank: 81
AIQ Omega Ratio Rank: 80
AIQ Calmar Ratio Rank: 80
AIQ Martin Ratio Rank: 75

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.

SIL vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

	SIL	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.83	3.02	-1.18
Sortino ratio: Return per unit of downside risk	2.17	3.70	-1.53
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.19
Calmar ratio: Return relative to maximum drawdown	2.79	4.22	-1.43
Martin ratio: Return relative to average drawdown	7.14	14.59	-7.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIL vs. AIQ - Sharpe Ratio Comparison

The current SIL Sharpe Ratio is 1.83, which is lower than the AIQ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of SIL and AIQ, 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

	SIL	AIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	3.02	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.76	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.84	-0.70

Drawdowns

SIL vs. AIQ - Drawdown Comparison

The maximum SIL drawdown since its inception was -82.99%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for SIL and AIQ.

Drawdown Indicators

	SIL	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-82.99%	-44.66%	-38.33%
Max Drawdown (1Y) Largest decline over 1 year	-32.91%	-16.47%	-16.44%
Max Drawdown (3Y) Largest decline over 3 years	-32.91%	-26.35%	-6.56%
Max Drawdown (5Y) Largest decline over 5 years	-55.08%	-44.66%	-10.42%
Max Drawdown (10Y) Largest decline over 10 years	-63.04%	—	—
Current Drawdown Current decline from peak	-25.87%	-1.40%	-24.47%
Average Drawdown Average peak-to-trough decline	-51.45%	-9.80%	-41.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	4.76%	+8.06%

Volatility

SIL vs. AIQ - Volatility Comparison

Global X Silver Miners ETF (SIL) has a higher volatility of 17.66% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 8.60%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIL	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.66%	8.60%	+9.06%
Volatility (6M) Calculated over the trailing 6-month period	41.57%	18.46%	+23.11%
Volatility (1Y) Calculated over the trailing 1-year period	50.01%	23.04%	+26.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.21%	25.33%	+13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.60%	25.50%	+14.10%

SIL vs. AIQ - Expense Ratio Comparison

SIL has a 0.65% expense ratio, which is lower than AIQ's 0.68% expense ratio.

Dividends

SIL vs. AIQ - Dividend Comparison

SIL's dividend yield for the trailing twelve months is around 1.13%, more than AIQ's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.14%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	0.00%	0.00%	0.00%
SIL Global X Silver Miners ETF	1.13%	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 SIL and AIQ in my portfolio?

SIL and AIQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIL or AIQ?

SIL has higher volatility (17.66%) compared to AIQ (8.60%). In terms of maximum drawdown, SIL dropped -82.99% vs AIQ's -44.66%.

Which ETF is better, SIL or AIQ?

On 5-year performance, AIQ leads with 19.07% vs 13.96% for SIL. On fees, SIL is cheaper at 0.65% per year. On volatility, AIQ has been the lower-risk option at 8.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIL or AIQ?

Over the 5-year period, AIQ has performed better with a 19.07% return vs 13.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIL or AIQ?

SIL is cheaper with a 0.65% expense ratio, compared with 0.68% for AIQ.

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

SIL has the higher dividend yield at 1.13%, compared with 0.14% for AIQ.

What is the main difference between SIL and AIQ?

SIL is categorized as Silver, while AIQ is Technology Equities. SIL tracks Solactive Global Silver Miners Total Return Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. Their fees differ too: 0.65% for SIL and 0.68% for AIQ.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (3.02 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.