SIL vs. GOEX
Compare and contrast key facts about Global X Silver Miners ETF (SIL) and Global X Gold Explorers ETF (GOEX).
SIL and GOEX 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. GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 2010. Both SIL and GOEX 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. GOEX - Performance Comparison
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SIL vs. GOEX - 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% |
GOEX Global X Gold Explorers ETF | 5.01% | 179.50% | 19.38% | 1.99% | -14.63% | -14.45% | 34.98% | 36.73% | -14.84% | 12.61% |
Returns By Period
In the year-to-date period, SIL achieves a 7.85% return, which is significantly higher than GOEX's 5.01% return. Over the past 10 years, SIL has underperformed GOEX with an annualized return of 14.65%, while GOEX has yielded a comparatively higher 19.57% annualized return.
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%
GOEX
- 1D
- 7.98%
- 1M
- -21.75%
- YTD
- 5.01%
- 6M
- 27.17%
- 1Y
- 127.38%
- 3Y*
- 47.26%
- 5Y*
- 24.87%
- 10Y*
- 19.57%
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SIL vs. GOEX - Expense Ratio Comparison
Both SIL and GOEX have an expense ratio of 0.65%.
Return for Risk
SIL vs. GOEX — Risk / Return Rank
SIL
GOEX
SIL vs. GOEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Global X Gold Explorers ETF (GOEX). 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 | GOEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.65 | 2.55 | +0.10 |
Sortino ratioReturn per unit of downside risk | 2.73 | 2.69 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.98 | 3.90 | +0.08 |
Martin ratioReturn relative to average drawdown | 13.73 | 13.83 | -0.10 |
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 | GOEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.55 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.65 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.49 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.03 | +0.11 |
Correlation
The correlation between SIL and GOEX is 0.88, 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. GOEX - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.10%, less than GOEX's 1.98% yield.
| 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% |
GOEX Global X Gold Explorers ETF | 1.98% | 2.08% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% |
Drawdowns
SIL vs. GOEX - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, smaller than the maximum GOEX drawdown of -88.83%. Use the drawdown chart below to compare losses from any high point for SIL and GOEX.
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Drawdown Indicators
| SIL | GOEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -88.83% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -32.91% | -32.78% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -55.63% | -47.16% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -53.66% | -9.38% |
Current DrawdownCurrent decline from peak | -23.68% | -22.50% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -51.79% | -64.06% | +12.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 9.24% | +0.29% |
Volatility
SIL vs. GOEX - Volatility Comparison
Global X Silver Miners ETF (SIL) and Global X Gold Explorers ETF (GOEX) have volatilities of 19.45% and 19.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | GOEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.45% | 19.89% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 42.52% | 42.25% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.72% | 50.25% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.63% | 38.54% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.74% | 40.46% | -0.72% |