SIL vs. IBIT
SIL (Global X Silver Miners ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SIL returned 69.43% vs -39.67% for IBIT. At a 0.21 correlation, their price movements are largely independent. SIL charges 0.65%/yr vs 0.25%/yr for IBIT.
Performance
SIL vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SIL achieves a -2.20% return, which is significantly higher than IBIT's -27.41% return.
SIL
- 1D
- 3.27%
- 1M
- -10.83%
- YTD
- -2.20%
- 6M
- 0.10%
- 1Y
- 69.43%
- 3Y*
- 46.50%
- 5Y*
- 12.56%
- 10Y*
- 9.80%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SIL Global X Silver Miners ETF | -2.20% | 166.16% | 22.02% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between SIL and IBIT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
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Return for Risk
SIL vs. IBIT — Risk / Return Rank
SIL
IBIT
SIL vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.85 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.78 | +2.70 |
| Martin ratioReturn relative to average drawdown | 5.09 | -1.37 | +6.46 |
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Drawdowns
SIL vs. IBIT - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for SIL and IBIT.
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Drawdown Indicators
| SIL | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -52.11% | -30.88% |
Max Drawdown (1Y)Largest decline over 1 year | -37.08% | -52.11% | +15.03% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | — | — |
Current DrawdownCurrent decline from peak | -30.80% | -49.45% | +18.65% |
Average DrawdownAverage peak-to-trough decline | -51.40% | -16.53% | -34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 29.64% | -15.74% |
Volatility
SIL vs. IBIT - Volatility Comparison
Global X Silver Miners ETF (SIL) has a higher volatility of 19.29% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.29% | 12.07% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 43.57% | 34.45% | +9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.69% | 44.10% | +7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.64% | 50.26% | -10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.81% | 50.26% | -10.45% |
SIL vs. IBIT - Expense Ratio Comparison
SIL has a 0.65% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
SIL vs. IBIT - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.21%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIL Global X Silver Miners ETF | 1.21% | 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 IBIT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (19.29%) compared to IBIT (12.07%). In terms of maximum drawdown, SIL dropped -82.99% vs IBIT's -52.11%.
On 1-year performance, SIL leads with 69.43% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SIL has performed better with a 69.43% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.65% for SIL.
SIL has the higher dividend yield at 1.21%, compared with 0.00% for IBIT.
SIL is categorized as Silver, while IBIT is Cryptocurrency. SIL tracks Solactive Global Silver Miners Total Return Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for SIL and 0.25% for IBIT.
SIL currently has the higher Sharpe Ratio (1.37 vs -0.92), 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.
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