SIL vs. GLD
Compare and contrast key facts about Global X Silver Miners ETF (SIL) and SPDR Gold Shares (GLD).
SIL and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIL is a passively managed fund by Global X that tracks the performance of the Solactive Global Silver Miners Total Return Index. It was launched on Apr 19, 2010. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both SIL and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SIL vs. GLD - Performance Comparison
Loading graphics...
SIL vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 7.85% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Returns By Period
In the year-to-date period, SIL achieves a 7.85% return, which is significantly lower than GLD's 8.57% return. Both investments have delivered pretty close results over the past 10 years, with SIL having a 14.65% annualized return and GLD not far behind at 13.92%.
SIL
- 1D
- 7.82%
- 1M
- -23.68%
- YTD
- 7.85%
- 6M
- 27.11%
- 1Y
- 131.18%
- 3Y*
- 45.13%
- 5Y*
- 18.33%
- 10Y*
- 14.65%
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SIL vs. GLD - Expense Ratio Comparison
SIL has a 0.65% expense ratio, which is higher than GLD's 0.40% expense ratio.
Return for Risk
SIL vs. GLD — Risk / Return Rank
SIL
GLD
SIL vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.65 | 1.79 | +0.87 |
Sortino ratioReturn per unit of downside risk | 2.73 | 2.21 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.68 | +1.30 |
Martin ratioReturn relative to average drawdown | 13.73 | 9.90 | +3.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SIL | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 1.79 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.22 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.88 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.62 | -0.48 |
Correlation
The correlation between SIL and GLD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SIL vs. GLD - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.10%, while GLD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 1.10% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SIL vs. GLD - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SIL and GLD.
Loading graphics...
Drawdown Indicators
| SIL | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -45.56% | -37.43% |
Max Drawdown (1Y)Largest decline over 1 year | -32.91% | -19.21% | -13.70% |
Max Drawdown (5Y)Largest decline over 5 years | -55.63% | -21.03% | -34.60% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -22.00% | -41.04% |
Current DrawdownCurrent decline from peak | -23.68% | -13.23% | -10.45% |
Average DrawdownAverage peak-to-trough decline | -51.79% | -16.17% | -35.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 5.20% | +4.33% |
Volatility
SIL vs. GLD - Volatility Comparison
Global X Silver Miners ETF (SIL) has a higher volatility of 19.45% compared to SPDR Gold Shares (GLD) at 11.06%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SIL | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.45% | 11.06% | +8.39% |
Volatility (6M)Calculated over the trailing 6-month period | 42.52% | 24.30% | +18.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.72% | 27.80% | +21.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.63% | 17.74% | +20.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.74% | 15.87% | +23.87% |