SIL vs. AS
SIL (Global X Silver Miners ETF) is Silver fund tracking the Solactive Global Silver Miners Total Return Index, while AS (Amer Sports, Inc) is a stock. Over the past year, SIL returned 70.58% vs -5.21% for AS. At a 0.24 correlation, their price movements are largely independent.
Performance
SIL vs. AS - Performance Comparison
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Returns By Period
In the year-to-date period, SIL achieves a -2.20% return, which is significantly higher than AS's -5.06% return.
SIL
- 1D
- 3.27%
- 1M
- -20.41%
- YTD
- -2.20%
- 6M
- 0.10%
- 1Y
- 70.58%
- 3Y*
- 46.50%
- 5Y*
- 12.56%
- 10Y*
- 9.80%
AS
- 1D
- -0.39%
- 1M
- 8.18%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -5.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL vs. AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SIL Global X Silver Miners ETF | -2.20% | 166.16% | 28.03% |
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
Correlation
The correlation between SIL and AS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.24 |
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Return for Risk
SIL vs. AS — Risk / Return Rank
SIL
AS
SIL vs. AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Amer Sports, Inc (AS). 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.
| SIL | AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.01 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.18 | +2.09 |
| Martin ratioReturn relative to average drawdown | 5.09 | -0.36 | +5.45 |
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Drawdowns
SIL vs. AS - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, which is greater than AS's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for SIL and AS.
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Drawdown Indicators
| SIL | AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -40.71% | -42.28% |
Max Drawdown (1Y)Largest decline over 1 year | -37.08% | -28.78% | -8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | — | — |
Current DrawdownCurrent decline from peak | -30.80% | -15.49% | -15.31% |
Average DrawdownAverage peak-to-trough decline | -51.40% | -13.29% | -38.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 14.56% | -0.66% |
Volatility
SIL vs. AS - Volatility Comparison
Global X Silver Miners ETF (SIL) has a higher volatility of 19.29% compared to Amer Sports, Inc (AS) at 10.17%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.29% | 10.17% | +9.12% |
Volatility (6M)Calculated over the trailing 6-month period | 43.57% | 29.10% | +14.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.69% | 41.31% | +10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.64% | 49.55% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.81% | 49.55% | -9.74% |
Dividends
SIL vs. AS - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.21%, while AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, Inc | 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 | 1.21% | 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
SIL and AS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (19.29%) compared to AS (10.17%). In terms of maximum drawdown, SIL dropped -82.99% vs AS's -40.71%.
SIL currently has the higher Sharpe Ratio (1.37 vs -0.13), 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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