SIL vs. QURE
SIL (Global X Silver Miners ETF) is Silver fund tracking the Solactive Global Silver Miners Total Return Index, while QURE (uniQure N.V.) is a stock. Over the past 10 years, SIL returned 9.80%/yr vs 11.46%/yr for QURE. At a 0.16 correlation, their price movements are largely independent.
Performance
SIL vs. QURE - Performance Comparison
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Returns By Period
In the year-to-date period, SIL achieves a -2.20% return, which is significantly lower than QURE's 15.21% return. Over the past 10 years, SIL has underperformed QURE with an annualized return of 9.80%, while QURE has yielded a comparatively higher 11.46% annualized return.
SIL
- 1D
- 3.27%
- 1M
- -20.41%
- YTD
- -2.20%
- 6M
- 0.10%
- 1Y
- 70.58%
- 3Y*
- 46.50%
- 5Y*
- 12.56%
- 10Y*
- 9.80%
QURE
- 1D
- 2.80%
- 1M
- -5.49%
- YTD
- 15.21%
- 6M
- 41.31%
- 1Y
- 72.42%
- 3Y*
- 10.96%
- 5Y*
- -5.23%
- 10Y*
- 11.46%
SIL vs. QURE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | -2.20% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
QURE uniQure N.V. | 15.21% | 35.50% | 160.86% | -70.14% | 9.31% | -42.60% | -49.58% | 148.65% | 47.12% | 249.82% |
Correlation
The correlation between SIL and QURE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.16 |
The correlation between SIL and QURE shifts across timeframes, from 0.08 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SIL vs. QURE — Risk / Return Rank
SIL
QURE
SIL vs. QURE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and uniQure N.V. (QURE). 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 | QURE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.83 | +1.08 |
| Martin ratioReturn relative to average drawdown | 5.09 | 1.35 | +3.74 |
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Drawdowns
SIL vs. QURE - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, smaller than the maximum QURE drawdown of -95.40%. Use the drawdown chart below to compare losses from any high point for SIL and QURE.
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Drawdown Indicators
| SIL | QURE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -95.40% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -37.08% | -87.21% | +50.13% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | -87.21% | +50.13% |
Max Drawdown (5Y)Largest decline over 5 years | -54.29% | -90.11% | +35.82% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -95.40% | +32.36% |
Current DrawdownCurrent decline from peak | -30.80% | -66.46% | +35.66% |
Average DrawdownAverage peak-to-trough decline | -51.40% | -56.61% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 53.75% | -39.85% |
Volatility
SIL vs. QURE - Volatility Comparison
The current volatility for Global X Silver Miners ETF (SIL) is 19.29%, while uniQure N.V. (QURE) has a volatility of 24.13%. This indicates that SIL experiences smaller price fluctuations and is considered to be less risky than QURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | QURE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.29% | 24.13% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 43.57% | 92.07% | -48.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.69% | 273.03% | -221.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.64% | 154.02% | -114.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.81% | 119.76% | -79.95% |
Dividends
SIL vs. QURE - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.21%, while QURE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QURE uniQure N.V. | 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 QURE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QURE has higher volatility (24.13%) compared to SIL (19.29%). In terms of maximum drawdown, SIL dropped -82.99% vs QURE's -95.40%.
SIL currently has the higher Sharpe Ratio (1.37 vs 0.27), 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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