SIL vs. HL
SIL (Global X Silver Miners ETF) is Silver fund tracking the Solactive Global Silver Miners Total Return Index, while HL (Hecla Mining Company) is a stock. Over the past 10 years, SIL returned 5.01%/yr vs 8.43%/yr for HL. Their correlation of 0.84 means they have usually moved in the same direction.
Performance
SIL vs. HL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIL achieves a -11.58% return, which is significantly higher than HL's -26.39% return. Over the past 10 years, SIL has underperformed HL with an annualized return of 5.01%, while HL has yielded a comparatively higher 8.43% annualized return.
SIL
- 1D
- -3.20%
- 1M
- -8.04%
- 6M
- -21.68%
- YTD
- -11.58%
- 1Y
- 56.89%
- 3Y*
- 42.08%
- 5Y*
- 13.15%
- 10Y*
- 5.01%
- ALL TIME*
- 4.29%
HL
- 1D
- -5.43%
- 1M
- -13.53%
- 6M
- -37.28%
- YTD
- -26.39%
- 1Y
- 148.44%
- 3Y*
- 37.43%
- 5Y*
- 16.67%
- 10Y*
- 8.43%
- ALL TIME*
- -0.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $675.62M | $596.53M | $453.27M | |
| $67.23M | $68.26M | $119.44M |
SIL vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | -11.58% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
HL Hecla Mining Company | -26.39% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
Correlation
The correlation between SIL and HL is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.84 |
The correlation between SIL and HL has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SIL vs. HL — Risk / Return Rank
SIL
HL
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SIL | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.64 | -1.17 |
| Martin ratioReturn relative to average drawdown | 3.10 | 4.75 | -1.65 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| SIL | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -97.92% | +14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -39.41% | -55.81% | +16.40% |
Max Drawdown (3Y)Largest decline over 3 years | -39.41% | -55.81% | +16.40% |
Max Drawdown (5Y)Largest decline over 5 years | -47.91% | -55.81% | +7.90% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -82.45% | +19.41% |
Current DrawdownCurrent decline from peak | -37.43% | -55.59% | +18.16% |
Average DrawdownAverage peak-to-trough decline | -51.27% | -69.88% | +18.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.68% | 30.92% | -12.24% |
Volatility
SIL vs. HL - Volatility Comparison
The current volatility for Global X Silver Miners ETF (SIL) is 13.26%, while Hecla Mining Company (HL) has a volatility of 17.22%. 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.
Loading charts...
Volatility by Period
| SIL | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 17.22% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 43.94% | 51.30% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.41% | 73.85% | -20.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.12% | 59.58% | -19.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.80% | 62.79% | -22.99% |
Dividends
SIL vs. HL - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.38%, more than HL's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.11% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
SIL Global X Silver Miners ETF | 1.38% | 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
SIL and HL have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (17.22%) compared to SIL (13.26%). In terms of maximum drawdown, SIL dropped -82.99% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (1.99 vs 1.09), 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.
Find the right allocation for SIL and HL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer