SIL vs. HL

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Silver Miners ETF (SIL) and Hecla Mining Company (HL).

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.

Performance

SIL vs. HL - Performance Comparison

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

SIL vs. HL - 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%
HL Hecla Mining Company	-2.90%	291.70%	2.82%	-12.93%	6.99%	-18.97%	91.83%	44.43%	-40.37%	-24.08%

Returns By Period

In the year-to-date period, SIL achieves a 7.85% return, which is significantly higher than HL's -2.90% return. Over the past 10 years, SIL has underperformed HL with an annualized return of 14.65%, while HL has yielded a comparatively higher 21.20% 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%

HL

• 1D: 8.19%
• 1M: -25.20%
• YTD: -2.90%
• 6M: 54.04%
• 1Y: 235.64%
• 3Y*: 44.02%
• 5Y*: 26.35%
• 10Y*: 21.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SIL vs. HL — Risk / Return Rank

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

SIL

SIL Risk / Return Rank: 94
SIL Sharpe Ratio Rank: 97
SIL Sortino Ratio Rank: 93
SIL Omega Ratio Rank: 92
SIL Calmar Ratio Rank: 95
SIL Martin Ratio Rank: 94

HL

HL Risk / Return Rank: 94
HL Sharpe Ratio Rank: 97
HL Sortino Ratio Rank: 93
HL Omega Ratio Rank: 92
HL Calmar Ratio Rank: 94
HL Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIL vs. HL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Hecla Mining Company (HL). 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	HL	Difference
Sharpe ratio Return per unit of total volatility	2.65	3.22	-0.57
Sortino ratio Return per unit of downside risk	2.73	3.19	-0.45
Omega ratio Gain probability vs. loss probability	1.40	1.41	-0.02
Calmar ratio Return relative to maximum drawdown	3.98	4.99	-1.01
Martin ratio Return relative to average drawdown	13.73	14.37	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIL vs. HL - Sharpe Ratio Comparison

The current SIL Sharpe Ratio is 2.65, which is comparable to the HL Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of SIL and HL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SIL	HL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	3.22	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.44	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.34	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.01	+0.13

Correlation

The correlation between SIL and HL is 0.84, 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. HL - Dividend Comparison

SIL's dividend yield for the trailing twelve months is around 1.10%, more than HL's 0.08% 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%
HL Hecla Mining Company	0.08%	0.08%	0.81%	0.65%	0.40%	0.72%	0.25%	0.29%	0.42%	0.25%	0.19%	0.53%

Drawdowns

SIL vs. HL - Drawdown Comparison

The maximum SIL drawdown since its inception was -82.99%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for SIL and HL.

Drawdown Indicators

	SIL	HL	Difference
Max Drawdown Largest peak-to-trough decline	-82.99%	-97.92%	+14.93%
Max Drawdown (1Y) Largest decline over 1 year	-32.91%	-45.95%	+13.04%
Max Drawdown (5Y) Largest decline over 5 years	-55.63%	-63.30%	+7.67%
Max Drawdown (10Y) Largest decline over 10 years	-63.04%	-82.45%	+19.41%
Current Drawdown Current decline from peak	-23.68%	-41.42%	+17.74%
Average Drawdown Average peak-to-trough decline	-51.79%	-70.07%	+18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.53%	15.94%	-6.41%

Volatility

SIL vs. HL - Volatility Comparison

The current volatility for Global X Silver Miners ETF (SIL) is 19.45%, while Hecla Mining Company (HL) has a volatility of 21.65%. This indicates that SIL experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIL	HL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.45%	21.65%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	42.52%	58.14%	-15.62%
Volatility (1Y) Calculated over the trailing 1-year period	49.72%	73.63%	-23.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.63%	59.68%	-21.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.74%	62.97%	-23.23%