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SIL vs. GOLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SIL and GOLD is 0.80, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

SIL vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Silver Miners ETF (SIL) and Barrick Gold Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%NovemberDecember2025FebruaryMarchApril
4.56%
-35.40%
SIL
GOLD

Key characteristics

Sharpe Ratio

SIL:

1.21

GOLD:

0.55

Sortino Ratio

SIL:

1.76

GOLD:

0.96

Omega Ratio

SIL:

1.21

GOLD:

1.11

Calmar Ratio

SIL:

0.68

GOLD:

0.27

Martin Ratio

SIL:

4.03

GOLD:

1.41

Ulcer Index

SIL:

10.87%

GOLD:

12.54%

Daily Std Dev

SIL:

36.28%

GOLD:

32.44%

Max Drawdown

SIL:

-82.99%

GOLD:

-88.51%

Current Drawdown

SIL:

-50.53%

GOLD:

-55.10%

Returns By Period

In the year-to-date period, SIL achieves a 23.61% return, which is significantly lower than GOLD's 25.93% return. Over the past 10 years, SIL has underperformed GOLD with an annualized return of 5.73%, while GOLD has yielded a comparatively higher 7.01% annualized return.


SIL

YTD

23.61%

1M

13.73%

6M

12.57%

1Y

39.76%

5Y*

12.13%

10Y*

5.73%

GOLD

YTD

25.93%

1M

9.72%

6M

-2.72%

1Y

15.51%

5Y*

2.22%

10Y*

7.01%

*Annualized

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Risk-Adjusted Performance

SIL vs. GOLD — Risk-Adjusted Performance Rank

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

SIL
The Risk-Adjusted Performance Rank of SIL is 7676
Overall Rank
The Sharpe Ratio Rank of SIL is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SIL is 8282
Sortino Ratio Rank
The Omega Ratio Rank of SIL is 8080
Omega Ratio Rank
The Calmar Ratio Rank of SIL is 6060
Calmar Ratio Rank
The Martin Ratio Rank of SIL is 7575
Martin Ratio Rank

GOLD
The Risk-Adjusted Performance Rank of GOLD is 6767
Overall Rank
The Sharpe Ratio Rank of GOLD is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of GOLD is 6565
Sortino Ratio Rank
The Omega Ratio Rank of GOLD is 6363
Omega Ratio Rank
The Calmar Ratio Rank of GOLD is 6666
Calmar Ratio Rank
The Martin Ratio Rank of GOLD is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SIL vs. GOLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Barrick Gold Corporation (GOLD). 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.


Sharpe ratio
The chart of Sharpe ratio for SIL, currently valued at 1.21, compared to the broader market-1.000.001.002.003.004.005.00
SIL: 1.21
GOLD: 0.55
The chart of Sortino ratio for SIL, currently valued at 1.76, compared to the broader market-2.000.002.004.006.008.0010.00
SIL: 1.76
GOLD: 0.96
The chart of Omega ratio for SIL, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.00
SIL: 1.21
GOLD: 1.11
The chart of Calmar ratio for SIL, currently valued at 0.68, compared to the broader market0.005.0010.0015.00
SIL: 0.68
GOLD: 0.27
The chart of Martin ratio for SIL, currently valued at 4.03, compared to the broader market0.0020.0040.0060.0080.00100.00
SIL: 4.03
GOLD: 1.41

The current SIL Sharpe Ratio is 1.21, which is higher than the GOLD Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of SIL and GOLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.21
0.55
SIL
GOLD

Dividends

SIL vs. GOLD - Dividend Comparison

SIL's dividend yield for the trailing twelve months is around 1.95%, less than GOLD's 2.06% yield.


TTM20242023202220212020201920182017201620152014
SIL
Global X Silver Miners ETF
1.95%2.40%0.59%0.48%1.59%1.92%1.53%1.22%0.02%3.34%0.38%0.08%
GOLD
Barrick Gold Corporation
2.06%2.58%2.21%3.78%4.11%1.36%0.70%1.40%0.83%0.50%1.90%1.86%

Drawdowns

SIL vs. GOLD - Drawdown Comparison

The maximum SIL drawdown since its inception was -82.99%, smaller than the maximum GOLD drawdown of -88.51%. Use the drawdown chart below to compare losses from any high point for SIL and GOLD. For additional features, visit the drawdowns tool.


-65.00%-60.00%-55.00%-50.00%NovemberDecember2025FebruaryMarchApril
-50.53%
-55.10%
SIL
GOLD

Volatility

SIL vs. GOLD - Volatility Comparison

Global X Silver Miners ETF (SIL) has a higher volatility of 9.44% compared to Barrick Gold Corporation (GOLD) at 7.39%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
9.44%
7.39%
SIL
GOLD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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