SILG.L vs. GPM.L
SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) is Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index, while GPM.L (Golden Prospect Precious Metals Ltd) is a stock. Over the past 3 years, SILG.L returned 45.51%/yr vs 52.90%/yr for GPM.L. At a 0.44 correlation, their price movements are largely independent.
Performance
SILG.L vs. GPM.L - Performance Comparison
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Different Trading Currencies
SILG.L is traded in GBP, while GPM.L is traded in GBp. To make them comparable, the GPM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SILG.L achieves a 5.62% return, which is significantly lower than GPM.L's 20.74% return.
SILG.L
- 1D
- 0.35%
- 1M
- 2.67%
- YTD
- 5.62%
- 6M
- 16.67%
- 1Y
- 98.68%
- 3Y*
- 45.51%
- 5Y*
- —
- 10Y*
- —
GPM.L
- 1D
- 0.00%
- 1M
- 8.35%
- YTD
- 20.74%
- 6M
- 31.98%
- 1Y
- 110.19%
- 3Y*
- 52.90%
- 5Y*
- 13.79%
- 10Y*
- 12.85%
SILG.L vs. GPM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 5.62% | 153.98% | 13.53% | -6.34% | -8.01% |
GPM.L Golden Prospect Precious Metals Ltd | 20.74% | 164.79% | 20.34% | -14.24% | -26.02% |
Correlation
The correlation between SILG.L and GPM.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.44 |
The correlation between SILG.L and GPM.L shifts across timeframes, from 0.44 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SILG.L vs. GPM.L — Risk / Return Rank
SILG.L
GPM.L
SILG.L vs. GPM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) and Golden Prospect Precious Metals Ltd (GPM.L). 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.
| SILG.L | GPM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.97 | -0.81 |
| Martin ratioReturn relative to average drawdown | 7.69 | 9.07 | -1.38 |
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
| SILG.L | GPM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.23 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.01 | +0.67 |
Drawdowns
SILG.L vs. GPM.L - Drawdown Comparison
The maximum SILG.L drawdown since its inception was -32.00%, smaller than the maximum GPM.L drawdown of -86.38%. Use the drawdown chart below to compare losses from any high point for SILG.L and GPM.L.
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Drawdown Indicators
| SILG.L | GPM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.00% | -86.38% | +54.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.90% | -27.61% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -27.61% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.79% | — |
Current DrawdownCurrent decline from peak | -24.56% | -10.95% | -13.61% |
Average DrawdownAverage peak-to-trough decline | -12.52% | -59.10% | +46.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.74% | 12.10% | +0.64% |
Volatility
SILG.L vs. GPM.L - Volatility Comparison
Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a higher volatility of 18.48% compared to Golden Prospect Precious Metals Ltd (GPM.L) at 9.16%. This indicates that SILG.L's price experiences larger fluctuations and is considered to be riskier than GPM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILG.L | GPM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.48% | 9.16% | +9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 39.95% | 32.86% | +7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.23% | 49.10% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.40% | 39.19% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.40% | 39.67% | -0.27% |
Dividends
SILG.L vs. GPM.L - Dividend Comparison
Neither SILG.L nor GPM.L has paid dividends to shareholders.
Frequently Asked Questions
SILG.L and GPM.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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