SIL vs. GBUG
SIL (Global X Silver Miners ETF) and GBUG (Sprott Active Gold & Silver Miners ETF) are both exchange-traded funds - SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index, while GBUG is a Gold fund actively managed by Sprott. SIL is passively managed, while GBUG is actively managed. Over the past year, SIL returned 90.97% vs 63.04% for GBUG. Their correlation of 0.94 suggests significant overlap in exposure. SIL charges 0.65%/yr vs 0.89%/yr for GBUG.
Performance
SIL vs. GBUG - Performance Comparison
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Returns By Period
In the year-to-date period, SIL achieves a 5.99% return, which is significantly higher than GBUG's -1.44% return.
SIL
- 1D
- 1.18%
- 1M
- 2.48%
- YTD
- 5.99%
- 6M
- 17.42%
- 1Y
- 90.97%
- 3Y*
- 49.60%
- 5Y*
- 14.23%
- 10Y*
- 10.72%
GBUG
- 1D
- 1.17%
- 1M
- 0.96%
- YTD
- -1.44%
- 6M
- 7.57%
- 1Y
- 63.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL vs. GBUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SIL Global X Silver Miners ETF | 5.99% | 127.98% |
GBUG Sprott Active Gold & Silver Miners ETF | -1.44% | 119.00% |
Correlation
The correlation between SIL and GBUG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.94 |
The correlation between SIL and GBUG has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
SIL vs. GBUG — Risk / Return Rank
SIL
GBUG
SIL vs. GBUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Sprott Active Gold & Silver Miners ETF (GBUG). 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 | GBUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.97 | +0.81 |
| Martin ratioReturn relative to average drawdown | 7.07 | 5.05 | +2.02 |
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
| SIL | GBUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.33 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
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 | 1.74 | -1.60 |
Drawdowns
SIL vs. GBUG - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, which is greater than GBUG's maximum drawdown of -32.10%. Use the drawdown chart below to compare losses from any high point for SIL and GBUG.
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Drawdown Indicators
| SIL | GBUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -32.10% | -50.89% |
Max Drawdown (1Y)Largest decline over 1 year | -32.91% | -32.10% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -32.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | — | — |
Current DrawdownCurrent decline from peak | -25.00% | -25.98% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -51.44% | -7.68% | -43.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 12.52% | +0.39% |
Volatility
SIL vs. GBUG - Volatility Comparison
Global X Silver Miners ETF (SIL) has a higher volatility of 17.68% compared to Sprott Active Gold & Silver Miners ETF (GBUG) at 15.44%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than GBUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | GBUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.68% | 15.44% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 41.56% | 39.41% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.02% | 47.62% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.21% | 47.31% | -8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.60% | 47.31% | -7.71% |
SIL vs. GBUG - Expense Ratio Comparison
SIL has a 0.65% expense ratio, which is lower than GBUG's 0.89% expense ratio.
Dividends
SIL vs. GBUG - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.12%, less than GBUG's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBUG Sprott Active Gold & Silver Miners ETF | 1.58% | 1.56% | 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 | 1.12% | 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
With a correlation of 0.94, SIL and GBUG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SIL has higher volatility (17.68%) compared to GBUG (15.44%). In terms of maximum drawdown, SIL dropped -82.99% vs GBUG's -32.10%.
On 1-year performance, SIL leads with 90.97% vs 63.04% for GBUG. On fees, SIL is cheaper at 0.65% per year. On volatility, GBUG has been the lower-risk option at 15.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SIL has performed better with a 90.97% return vs 63.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIL is cheaper with a 0.65% expense ratio, compared with 0.89% for GBUG.
GBUG has the higher dividend yield at 1.58%, compared with 1.12% for SIL.
SIL is categorized as Silver, while GBUG is Gold. They also come from different issuers: Global X and Sprott. Their fees differ too: 0.65% for SIL and 0.89% for GBUG.
SIL currently has the higher Sharpe Ratio (1.83 vs 1.33), 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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