SIL vs. SPPP
SIL (Global X Silver Miners ETF) and SPPP (Sprott Physical Platinum and Palladium Trust) are both exchange-traded funds - SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index, while SPPP is a Precious Metals fund actively managed by Sprott. SIL is passively managed, while SPPP is actively managed. Over the past 10 years, SIL returned 10.72%/yr vs 8.51%/yr for SPPP. A 0.50 correlation means they provide meaningful diversification when combined. SIL charges 0.65%/yr vs 1.02%/yr for SPPP.
Performance
SIL vs. SPPP - Performance Comparison
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Returns By Period
In the year-to-date period, SIL achieves a 5.99% return, which is significantly higher than SPPP's -13.42% return. Over the past 10 years, SIL has outperformed SPPP with an annualized return of 10.72%, while SPPP has yielded a comparatively lower 8.51% annualized return.
SIL
- 1D
- 1.18%
- 1M
- 2.48%
- YTD
- 5.99%
- 6M
- 17.42%
- 1Y
- 90.97%
- 3Y*
- 49.60%
- 5Y*
- 14.23%
- 10Y*
- 10.72%
SPPP
- 1D
- 1.11%
- 1M
- -5.69%
- YTD
- -13.42%
- 6M
- 0.00%
- 1Y
- 40.06%
- 3Y*
- 6.06%
- 5Y*
- -6.13%
- 10Y*
- 8.51%
SIL vs. SPPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 5.99% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
SPPP Sprott Physical Platinum and Palladium Trust | -13.42% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 5.53% | 35.36% |
Correlation
The correlation between SIL and SPPP is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.50 |
The correlation between SIL and SPPP shifts across timeframes, from 0.50 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIL vs. SPPP — Risk / Return Rank
SIL
SPPP
SIL vs. SPPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Sprott Physical Platinum and Palladium Trust (SPPP). 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 | SPPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.08 | +1.70 |
| Martin ratioReturn relative to average drawdown | 7.07 | 2.26 | +4.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIL | SPPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.79 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.18 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.26 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.10 | +0.04 |
Drawdowns
SIL vs. SPPP - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, which is greater than SPPP's maximum drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for SIL and SPPP.
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Drawdown Indicators
| SIL | SPPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -59.09% | -23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -32.91% | -37.42% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -32.91% | -37.42% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | -58.50% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -59.09% | -3.95% |
Current DrawdownCurrent decline from peak | -25.00% | -35.43% | +10.43% |
Average DrawdownAverage peak-to-trough decline | -51.44% | -26.48% | -24.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 17.74% | -4.83% |
Volatility
SIL vs. SPPP - Volatility Comparison
Global X Silver Miners ETF (SIL) has a higher volatility of 17.68% compared to Sprott Physical Platinum and Palladium Trust (SPPP) at 10.79%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than SPPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | SPPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.68% | 10.79% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 41.56% | 45.55% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.02% | 50.97% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.21% | 34.89% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.60% | 33.10% | +6.50% |
SIL vs. SPPP - Expense Ratio Comparison
SIL has a 0.65% expense ratio, which is lower than SPPP's 1.02% expense ratio.
Dividends
SIL vs. SPPP - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.12%, while SPPP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 1.12% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
SPPP Sprott Physical Platinum and Palladium Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIL and SPPP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (17.68%) compared to SPPP (10.79%). In terms of maximum drawdown, SIL dropped -82.99% vs SPPP's -59.09%.
On 10-year performance, SIL leads with 10.72% vs 8.51% for SPPP. On fees, SIL is cheaper at 0.65% per year. On volatility, SPPP has been the lower-risk option at 10.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIL has performed better with a 10.72% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIL is cheaper with a 0.65% expense ratio, compared with 1.02% for SPPP.
SIL has the higher dividend yield at 1.12%, compared with 0.00% for SPPP.
SIL is categorized as Silver, while SPPP is Precious Metals. They also come from different issuers: Global X and Sprott. Their fees differ too: 0.65% for SIL and 1.02% for SPPP.
SIL currently has the higher Sharpe Ratio (1.83 vs 0.79), 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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